LEOBEN, AUSTRIA – AT&S reported revenue for its fiscal first half ended Sept. 30 of EUR 302.1 million [$383.8 million], up 0.7% year-over-year. Consolidated net income was EUR 28.4 million, up 29.5% compared to last year.

EBITDA for the period was EUR 72.3 million, up 10.5% year-over-year. EBITDA margin reached 23.9%, one of the company's highest levels ever.

The PCB company's Business Unit Mobile Devices and Substrates unit had revenues of EUR 156.7 million, down 4.8% year-over-year.

The company has completed installation and internal qualification of its first production line in Chongqing, and sample production has started. Full ramp is scheduled for 2016. The firm has invested EUR 163.1 million at the site since its inception.

Based on strong demand in the second half of 2014, particularly in mobile devices, and poor visibility for next year's first quarter, AT&S assumes business will continue on a positive trend. For the full year 2014-15, the firm expects revenues in line with the prior year.

Ed.: EUR 1 = US$1.2706

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