Outlook & Key Figures

AT&S expects the usual seasonality for the fourth quarter of 2016/17. Based on the developments in the raw material markets (copper, laminates), cost of material is under pressure. Due to changes in product and technology cycle in the semiconductor industry, price pressure for IC substrates continues.

Provided that the macroeconomic environment remains stable, the USD-EUR currency relation stays at a similar level as in the past financial year 2015/16 and demand is stable in the core business, AT&S expects an increase in revenue of 4-6% for the current financial year 2016/17. The EBITDA margin should range between 15-16% primarily based on the start-up costs for the plants in Chongqing. However, the EBITDA margin in the core business should be at a similar level as in the financial year 2015/16. Higher depreciation and amortisation of an additional EUR 40 million for the Chongqing project in the financial year 2016/17 will have a significant influence on EBIT.

According to IFRS; € in millionsQ1-3 2015/16Q1-3 2016/17Change
01.04.2015 - 31.12.201501.04.2016 - 31.12.2016
Revenue584.3615.15.3%
EBITDA140.2102.1-27.2%
EBITDA margin (%)24.016.6-
EBITDA adjusted*141.6153.78.5%
EBITDA margin adjusted (%)*24.426.0-
EBIT76.111.8-84.4%
EBIT margin (%)13.01.9-
EBIT adjusted*83.897.216.0%
EBIT margin adjusted (%)*14.516.4-
Profil/loss for the year60.2-19.7> -100%
Cash flow from operating activities before changes in working capital123.474.5-39.6%
Net CAPEX176.9192.38.7%
31 Mar 201631 Dec 2016
Equity ratio (%)42.338.1-
Net debt263.2451.871.7%
01.04.2015 - 31.12.201501.04.2016 - 31.12.2016
Earnings per average number of shares outstanding (EUR)1.55-0.51> -100%
Number of shares, weighted average (thousands of shares)38,85038,850-
* Adjusted for the Chongqing project

According to IFRS; € in millions2014/152015/16Change
01.04.2014 - 31.03.201501.04.2015 - 31.03.2016
Revenue667.0762.914.4%
Gross profit155.4151.6-2.4%
EBITDA167.6167.50.0%
EBITDA margin (%)25.122.0-
EBIT90.177.0-14.6&
EBIT margin (%)13.510.1-
Profit before tax85.068.8-19.1%
Profit for the period69.356.0-19.3%
Earnings per average number of shares outstanding (EUR)1.781.44-19.1%
Number of shares, weighted average (thousands of shares)38,85038,850-