LEOBEN – AT&S reported revenue of $1.72 billion for the year, up from $1.68 billion from the prior year, despite continued global pricing pressure and weak industrial demand. The gain was supported by a plant sale in Korea, which contributed significantly to full-year profit of $97 million.

EBITDA rose 97% to $655 million, a 6% year-over-year increase.

Start-up costs in Malaysia and Austria affected earnings, and operating cash flow dropped to -$81 million.

The company plans to reinvest profits into growth and will not issue a dividend for the year. Management says continued investment in substrates and mobile infrastructure is planned, but weakness in the European automotive and industrial sectors remains a concern.

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