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22.07.2010

DGAP-Adhoc: AT&S publishes results for first quarter 2010/11 and revises outlook for financial year 2010/11

AT&S Austria Technologie & Systemtechnik AG / Quarter Results .. Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Vienna, 22 July 2010 AT&S publishes results for first quarter 2010/11 and revises outlook for financial year 2010/11 - AT&S has started its financial year 2010/11 with one of the best first quarter results in its history. The 14% increase in revenues compared with the preceding quarter meant not only a respectable pre-tax profit, but was also substantially in excess both of AT&S forecasts and of market expectations. The EBIT margin also improved, and net debt was significantly reduced. - Revenues for the first quarter of 2010/11 came to EUR 114m, some 37% higher than in the first quarter of 2009/10. Earnings before interest and tax (EBIT) for first quarter 2010/11 - adjusted for non-recurring items - came to EUR 10.1m, which was 14% higher than in the preceding quarter and almost at the same level as before the crisis. - Although net capital investment rose from EUR 2m in the previous quarter to EUR 19m in the first quarter of 2010/11, the Group's net debt ratio fell by more than 24 percentage points, resulting in a net gearing of 62%. - AT&S is planning to further expand capacity in its facilities in Shanghai (China) and Nanjangud (India). In its expansion, respect for the environment and safety is a major concern of AT&S's management at all its locations worldwide. - AT&S is raising its outlook for the current financial year - assuming stable exchange rates, sales revenues are now projected to rise to EUR 470m - 500m, with an EBIT margin =9%. The actual capital spent during this financial year is estimated to be in the region of EUR 100m - EUR 110m. <pre> Q1 2010/11 Margin Q4 2009/10 Margin Total revenues* 113,9 99,7 Gross profit* 19,8 17,4% 12,8 12,9% EBITDA* 21,9 19,3% 17,3 17,30% EBIT* 10,1 8,9% 6,2 6,20% PBT 10,1 8,9% 4,5 4,5% Net income 7,57 6,6% 2,7 2,8% EPS** 0,33 0,12 Avg.# share outstanding *** 23323 23323 </pre> * in EUR million excl. non-recurring items ** in EUR *** in million shares The published results can be downloaded from the investors' section of www.ats.net as of 8am (CET) today. For more information contact Martin Theyer, Head of Strategy Development & Communication Tel.: +43 3842 200 5909; E-mail: m.theyer@ats.net .. Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13 8700 Leoben Österreich Phone: +43 (1) 3842200-0 Fax: +43 (1) 3842200-216 E-mail: info@ats.net Internet: www.ats.net ISIN: AT0000969985, AT0000A09S02 WKN: 922230 Listed: Freiverkehr in Berlin, Düsseldorf, München, Hannover, Stuttgart, Hamburg; Open Market in Frankfurt; Foreign Exchange(s) Wien (Amtlicher Handel / Official Market) End of News DGAP News-Service =--------------------------------------------------------------------------

AT&S Austria Technologie & Systemtechnik AG / Quarter Results .. Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Vienna, 22 July 2010 AT&S publishes results for first quarter 2010/11 and revises outlook for financial year 2010/11 - AT&S has started its financial year 2010/11 with one of the best first quarter results in its history. The 14% increase in revenues compared with the preceding quarter meant not only a respectable pre-tax profit, but was also substantially in excess both of AT&S forecasts and of market expectations. The EBIT margin also improved, and net debt was significantly reduced. - Revenues for the first quarter of 2010/11 came to EUR 114m, some 37% higher than in the first quarter of 2009/10. Earnings before interest and tax (EBIT) for first quarter 2010/11 - adjusted for non-recurring items - came to EUR 10.1m, which was 14% higher than in the preceding quarter and almost at the same level as before the crisis. - Although net capital investment rose from EUR 2m in the previous quarter to EUR 19m in the first quarter of 2010/11, the Group's net debt ratio fell by more than 24 percentage points, resulting in a net gearing of 62%. - AT&S is planning to further expand capacity in its facilities in Shanghai (China) and Nanjangud (India). In its expansion, respect for the environment and safety is a major concern of AT&S's management at all its locations worldwide. - AT&S is raising its outlook for the current financial year - assuming stable exchange rates, sales revenues are now projected to rise to EUR 470m - 500m, with an EBIT margin =9%. The actual capital spent during this financial year is estimated to be in the region of EUR 100m - EUR 110m. <pre> Q1 2010/11 Margin Q4 2009/10 Margin Total revenues* 113,9 99,7 Gross profit* 19,8 17,4% 12,8 12,9% EBITDA* 21,9 19,3% 17,3 17,30% EBIT* 10,1 8,9% 6,2 6,20% PBT 10,1 8,9% 4,5 4,5% Net income 7,57 6,6% 2,7 2,8% EPS** 0,33 0,12 Avg.# share outstanding *** 23323 23323 </pre> * in EUR million excl. non-recurring items ** in EUR *** in million shares The published results can be downloaded from the investors' section of www.ats.net as of 8am (CET) today. For more information contact Martin Theyer, Head of Strategy Development & Communication Tel.: +43 3842 200 5909; E-mail: m.theyer@ats.net .. Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de =-------------------------------------------------------------------------- Language: English Company: AT&S Austria Technologie & Systemtechnik AG Fabriksgasse 13 8700 Leoben Österreich Phone: +43 (1) 3842200-0 Fax: +43 (1) 3842200-216 E-mail: info@ats.net Internet: www.ats.net ISIN: AT0000969985, AT0000A09S02 WKN: 922230 Listed: Freiverkehr in Berlin, Düsseldorf, München, Hannover, Stuttgart, Hamburg; Open Market in Frankfurt; Foreign Exchange(s) Wien (Amtlicher Handel / Official Market) End of News DGAP News-Service =--------------------------------------------------------------------------

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