Printed Circuit Design & Fab Online Magazine

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Printed Circuit Design & Fab Magazine

VIENNA, AUSTRIA -- AT&S sales fell by 7.4% to €449.9 million ($610.7 million) for the year ending March 31, 2009. Sales declined in the fourth quarter 15.9% sequentially.

The operating profit was €26.6 million ($36.1 million) with an EBIT margin of 6%.

EBITDA was €70.8 million ($96.1 million). Consolidated net income (adjusted for non-recurring items) was €24.8m ($33.7 million).

The restructuring of the Leoben-Hinterberg works and provisions at AT&S Korea depressed the company’s results further.

Analysts predict the global printed circuit board market will shrink 16% in 2009. This, coupled with AT&S’ decision to change its strategic direction in mobile devices, will result in some market share losses for 2009.

AT&S employed 5,610 people worldwide as of March 31, 2009. Third-quarter payroll expenditures were down 4.5% from a second-quarter high for the year, but they rebounded to first-quarter levels in the fourth quarter.

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AT&S Sales Slip 7.4% YoY

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