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AT&S Predicts 7.2% Drop in Revenue

Published: 09 April 2009
 by Staff
VIENNA, AUSTRIA – AT&S expects fiscal year 2008/09 revenue to fall 7.2% to around 450 million euros (US$598 million). A dividend of 0.15 euros to 0.18 euros (US$0.20 to $0.24) is estimated.
 
Based on 2008/09 operating results, acquisition of new customers in the high-end segment, position in target markets and a strong equity structure, AT&S will not alter its conservative dividend policy for the 2009/10 business year.

The management board plans to propose a dividend of around 10% of the cash-earnings for 2009/10, but exact figures will be contained in the annual report, scheduled for release on May 14.
 
The outlook for the next two years does not show signs of improving. The company expects no financial growth, and perhaps negative growth, for 2009/10 and 2010/11. It also plans a CAPEX of up to 30 million euros (US$39.6 million) for 2009/10.
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