AT&S reduces sales forecast for 2024/25: A look at the challenges
AT&S reduces sales forecast for 2024/25: A look at the challenges
In a significant message, AT&S Austria Technologie & Systemtechnik AG corrected its sales forecast for the current financial year 2024/25 downwards. This applies not only to sales, but also the adjusted EBITDA margin that is affected by various factors.
The company from Leoben assumes that the price pressure and the inconsistent order behavior of a key customer will continue to last. Above all, the weakening demand in the European automotive and industrial market leaves the management analyzes little scope for optimism. The planned high -volume production in the new works will also be delayed by one or two quarters, which leads to additional costs that are posted as start -up costs. This situation forces AT&S to significantly adapt its original sales forecast.
new sales forecast
With regard to the EBITDA margin, there is also a revision. Exclusive of the effects from the new production capacities and the disposable costs from a cost reduction program, the adjusted EBITDA margin will be an estimated between 24 and 26 percent. Previously, a higher margin was forecast here, which was mainly related to the turnover from the ANSAN plant.
outlook on the half -year numbers
at & s plans to publish more detailed information on October 31, 2024. These half -year figures will provide information about the latest developments and the future orientation of the company. The influence of the current market conditions on the financial situation of AT&S could be of great interest for both investors and industry experts.
at&S, a leading worldwide manufacturer of high-quality IC substrates and circuit boards, currently employs around 13,500 people. The company has production locations in several countries, including Austria, India, China and Korea, and further invests in new technologies and production capacities to meet the growing requirements.
These developments are important for the entire industry because they underline the stability of one of the leading companies in the technology sector. For further details and information about the company situation of AT & S, See the current reporting on www.finance.at .
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