LEOBEN, AUSTRIA – AT&S posted fiscal first-half 2014 revenue of EUR 300 million, a year-over-year improvement of 18%.

EBITDA was EUR 65 million, up 50% compared to the first half of last year.

“The significant improvement in results is attributable to continued strong capacity utilization at our plants and a more favorable product mix. Taking seasonality into account, as things stand we are forecasting revenue growth of 5% with an EBITDA margin of 18 to 20% for the current financial year,” said CEO Andreas Gerstenmayer.

The firm says segmental revenue for the first half was up about 19% year-over-year as a result of an optimized product mix, continued strong demand for HDI printed circuit boards and high capacity utilization at its Shanghai plant.

Revenue for the industrial and automotive segment was up about 15%, or EUR 17 million, compared to the same period last year. The segment now accounts for 44% of consolidated revenue.

Ed.: EUR 1 = US$1.3512