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AT&S Reports Record Sales

Published: 14 May 2008
 by Staff
VIENNA – AT&S, Europe’s largest PWB fabricator, reported record sales of 485.7 million euros, up 4% year-over-year, and net income of 41.3 million euros for the 2007 fiscal year.

Operating profit climbed 29%, to 42.1 million euros.
 
“AT&S’s significant increase in market share is reflected in year-on-year growth for the sixth year in a row, with a compounded average annual growth rate of about 10% for the period. Profit has also grown steadily,” said CEO Harald Sommerer.
 
Increased production capacity in Asia has played a role in these highs, the company said. Last year the second plant in Shanghai came into operation, and work has begun on the ramp of the third facility. Further capacity increases in China, and the construction of a production facility in India, are planned as well.
 
The firm also places emphasis on continued alignment of the Austrian sites to a European market. “The European market, currently worth about $3.6 billion, is not going to disappear. If approached and developed in the right way and with the necessary adaptations of the Austrian plants, it will offer potential for AT&S’s industrial and automotive segments in particular,” said Sommerer.
 
AT&S is the largest producer of PCBs in Europe and India and employs more than 6,300 people at its production sites in Austria, India, China and Korea, and in its sales offices worldwide.
 
1 Euro = US $1.55
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