LEOBEN, AUSTRIA – For the first nine months of the fiscal year, AT&S posted revenue of $664 million, up 5.3% year-over-year.

Profit for the period decreased from $65 million in the prior-year period to a loss of $21.3 million.

EBITDA adjusted for the startup effects from Chongqing rose 8.5% to $165.9 million compared with the previous year. Based on the startup effects of the Chongqing project ($55.7 million), EBITDA decreased 27.2% to $110.2 million in the first nine months.

“The repositioning of AT&S from a pure printed circuit board manufacturer to a much broader-based provider of high-end connectivity solutions is continuing,” said Andreas Gerstenmayer, CEO of AT&S. “We achieved significant improvements in the operational performance in the new IC substrate plant in China. Both production volume and yield have increased considerably. We are still faced with challenges because the transformation in the semiconductor industry, the customer segment for IC substrates, with the related changes in the product and technology cycles, also has an impact on AT&S. The upgrade of parts of the Shanghai plant to the next generation of technology for high-end printed circuit boards has considerably progressed, and serial production is scheduled to start in the second half of calendar year 2017.”