LEOBEN, AUSTRIA – PCB manufacturer AT&S reported third-quarter revenues of EUR 122.1 million, up 21% year-over-year. 

Gross profit for the quarter was EUR 25.5 million. Operating profit was EUR 14.8 million, down 29% year-over-year.

Sales for the first nine months of 2010/11 were EUR 364.8 million, higher than expected.

Gross profit for the period was EUR 71.6 million. Operating profit was EUR 40.3 million, up from EUR 4.8 million in the year-ago period. Net earnings were slightly down in December. 

Negative factors continue upward pressure on raw materials prices and high volatility in exchange rates, says AT&S.

Net revenues for the full year are expected to be EUR 470 million to EUR 500 million, with strong demand for high-end PCBs.

$1 = EUR 0.7288