LEOBEN, AUSTRIA -- AT&S today reported third-quarter revenues of 130 million euros on record demand for mobility products.

Earnings before interest and tax (EBIT) were 12.1 million euros. Pretax profit was 9.4 million euros.

AT&S had September quarter revenue of 131.4 million euros. Year-to-date revenues were 372 million euros.

Revenue from mobile devices reached a new record of 83 million euros, while in January AT&S saw its first high-value printed circuit boards for pacemakers enter series production. Industrial remains slower, due largely to Europe's economic climate. Automotive orders have remained stable.

AT&S guided for annual revenues of 500 million euros and EBIT margin of 8% to 9%. "In light of continued uncertainty on financial markets forecast remain difficult," CEO Andreas Gerstenmayer said. "However, the fundamentals of our markets have not changed, showing attractive growth rates mid- and long-term."

Last May, the firm had predicted revenues could rise to 550 million euros for the current fiscal year.

However, the PCB fabricator said the Japan earthquake last March and the debt crisis in Europe are conspiring to hold down the company's industrial sales for the year. "Despite our success in Mobile Devices and our customer diversification program, we will not be able to fully make up for the shortfall from the first quarter," Gerstenmayer said.

The company also announced a partnership with MFLEX to build rigid-flex HDI boards for mobility customers.

AT&S' Fiscal Q3 Results

*In millions euros

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