LEOBEN, AUSTRIA – AT&S said sales for its fourth quarter were about EUR 142 million, up 15.4% year-over-year.

Net income for the quarter was EUR 4.7 million, down 14.5% compared to the same period the prior year at the printed circuit board fabricator.

Total annual sales for 2011/12 topped EUR 514 million, up about 5% year-over-year on strong demand in the mobile devices and automotive segments. Net income was EUR 26.5 million, down 24.3% year-over-year. EBITDA for the year rose 7.4% to more than EUR 103 million compared to the prior year period.

“Despite the impact of external factors such as the economic crisis in Europe and the USA, and the tsunami in Japan, we are reporting record sales revenues," said AT&S CEO Andreas Gerstenmayer. "The undeniable sour note is that we were not able to make up for capacity under-utilization in the first quarter, so that our profitability was down. But the continuing impressive growth in mobile devices and automotive business, as well as the turnaround in the industrial segment are highly satisfactory.” 

Sales in the automotive segment for the year were EUR 86 million, a jump of 41%.

Ed: EUR 1 = US$1.2959