AT&S Increases Annual Guidance for Financial Year 2017/18
October 11, 2017 | AT&SEstimated reading time: 1 minute
AT&S has been recording very high customer demand and utilisation at the capacity limit at almost all plants, especially in the last three months. The ramp-up of the new technology generation in the core business has developed better and more rapidly than originally expected due to a very positive trend in demand on customers’ side. In addition, further efficiency improvements have been achieved for IC substrates in Chongqing. These programmes will be pursued continuously.
The positive business development in general is primarily attributable to the effect of general efficiency measures and the fact that technological challenges at the introduction of the new technologies were handled better now. The beneficial trend was supported by a positive product mix and – based on a weaker development of the Chinese Renminbi in relation to the Euro in the last six months – a favourable exchange rate development in production costs.
Based on that, the Management Board after today’s meeting, now expects an increase in revenue of 20-25% (original forecast: 10-16%), an EBITDA margin of 19-22% (original forecast 16-18%) and additional depreciation of roughly EUR 15 million (original forecast: roughly EUR 25 million) for the financial year 2017/18 provided that the market environment and the exchange rate development remain stable.
This development, leading to the revised guidance for the financial year 2017/18, is an important interim goal to achieve the medium-term and long-term financial targets (EBITDA margin of >20%, ROCE of 12%) of AT&S and the introduced measures and achieved improvements are significant steps to return to the expected profitability. This is key to position AT&S also in future as a high-tech partner for it’s customers and to finance the investments required therefor.
Suggested Items
US Department of Defense Selects Intel Foundry for Phase Three of RAMP-C
04/23/2024 | IntelThe U.S. Department of Defense (DoD) has awarded Intel Foundry Phase Three of its Rapid Assured Microelectronics Prototypes - Commercial (RAMP-C) program.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
Real Time with... IPC APEX EXPO 2024: AI Implementation at Omron
04/18/2024 | Real Time with...IPC APEX EXPOEditor Nolan Johnson and Omron Product Manager Nick Fieldhouse discuss the company's focus on AI implementation to enhance customer experience and results. They address programming challenges and how AI can help customers achieve better outcomes with less experience. Omron's AI is compatible with existing systems, facilitating easy upgrades.
Cadence Unveils Palladium Z3 and Protium X3 Systems
04/18/2024 | Cadence Design SystemsThe Palladium Z3 and Protium X3 systems offer increased capacity, and scale from job sizes of 16 million gates up to 48 billion gates, so the largest SoCs can be tested as a whole rather than just partial models, ensuring proper functionality and performance.
Ark Electronics Expands Global Manufacturing Factory Network in North America and Europe
04/17/2024 | PRNewswireElectronic Manufacturing Company Ark Electronics recently announced the expansion of its Global Factory Network with the addition of Electronics Manufacturing Service (EMS) capabilities in Mexico and Europe.