VIENNA – AT&S says core profit is stable so far in its fiscal first quarter, after reporting a 22% decline for the full-year on investment to expand the business, say reports.

AT&S reported EBITDA of €194.5 million (US$210 million) on revenue of €1 billion for the year ended Mar. 31.

The company is cautiously optimistic for the fiscal first quarter, expecting revenue and profit similar to the April to June period last year.

PCB maker said new products in its mobile devices unit could be delayed by economic uncertainty related to Covid-19, but demand remains strong for IC substrate platforms for electronic components.

AT&S expects stable demand for medical applications but didn’t provide guidance for the automotive segment and the 2020/21 full-year because of the pandemic.

AT&S has been mostly unaffected by supply chain disruptions, but customer demand could be affected in the coming months.

The group plans to invest in expansion in Chongqing, China.

• Prev
• Next