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AT&S's Sales Up in Q3 Despite Smartphone Slide

Published: 31 January 2019
 by Mike Buetow

VIENNA - AT&S reported year-to-date revenues increased 3% to 790.1 million euros over the first three fiscal quarters.

Profits rose 16%, and EBITDA jumped to 220.5 million euros ($252 million), up from 190.3 million euros a year ago.

The printed circuit board fabricator gets about two-thirds of its revenue from makers of smartphones and tablets and IC substrates. It noted higher demand for IC substrates offset weaker demand in the mobile, automotive and industrial sectors in the latest quarter.

The group reiterated its guidance for fiscal 2019 revenue to rise by about 3%.

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