AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts growth pace to current market conditions and postpones medium-term targets by one year to financial year 2026/27

EQS Group

7 March 2023, 11:30 am·2-min read

AT&S Austria Technologie & Systemtechnik AG / Key word(s): Change in Forecast
AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts growth pace to current market conditions and postpones medium-term targets by one year to financial year 2026/27

07-March-2023 / 17:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

AT&S adjusts growth pace to current market conditions and postpones medium-term targets by one year to financial year 2026/27

Public disclosure of inside information according to article 17 MAR

Leoben – Due to the current market environment, AT & S Austria Technologie & Systemtechnik Aktiengesellschaft is adapting the investment project in Kulim, Malaysia, until further notice. The growth rate will be adjusted to the market conditions and the medium-term targets will be postponed by one year to the financial year 2026/27.

The main reasons for this are:

High inventory levels across the IC substrates supply chain combined with weaker demand will lead to reduced market growth in 2023.
AT&S is therefore in dialog with a major customer in order to adjust capacities and financing contributions to the current market environment. AT&S currently assumes that parts of the investment project in Kulim will be realized at a later date than previously planned.

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced Technologies & Solutions
AT&S is a globally leading manufacturer of high-end printed circuit boards and IC substrates. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and Korea (Ansan near Seoul). A new high-end production site for IC substrates is currently being established in Kulim, Malaysia. The company employs roughly 15,000 people. For further information please visit www.ats.net

Press contact:

Gerald Reischl, Vice President Corporate Communications

Tel: +43 3842 200 4252; Mobile: +43 664 8859 2452; g.reischl@ats.net

Investor Relations contact:

Philipp Gebhardt, Senior Director Investor Relations

Tel: +43 3842 200 2274; Mobile: +43 664 7800 2274; p.gebhardt@ats.net

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft

Fabriksgasse 13
8700 Leoben / Austria
www.ats.net

07-March-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

Language:	English
Company:	AT&S Austria Technologie & Systemtechnik AG
	Fabriksgasse 13
	8700 Leoben
	Austria
Phone:	+43 (1) 3842200-0
E-mail:	ir@ats.net
Internet:	www.ats.net
ISIN:	AT0000969985, AT0000A09S02
WKN:	922230
Indices:	ATX
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market)
EQS News ID:	1576995


End of Announcement	EQS News Service

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AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts growth pace to current market conditions and postpones medium-term targets by one year to financial year 2026/27

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