EANS-Adhoc: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft / AT&S adapts outlook for the financial year 2016/17

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Earnings Forecast
18.10.2016

The current business development of AT&S is characterized by good
capacity utilization and demand in all relevant customer segments.
Existing production capacities are limited though, and combined with
current lower prices and the product mix, this will have an influence
on the revenue development for the financial year 2016/17.

Moreover, based on relevant customer demand, AT&S is preparing the
next technology generation in the core business for the segment
Mobile Devices & Substrates, earlier than originally planned. The
start of serial production for this technology is scheduled for the
beginning of the second half of calendar year 2017. The required
technological adjustments of the production equipment will lead to
temporarily reduced capacities at the Shanghai plant and decrease the
revenue potential for the financial year 2016/17. Based on this
technology, AT&S is positioning itself as a high-end supplier in
continuously growing customer segments.

The flatter ramp of the IC substrates plant in Chongqing, China, will
additionally negatively influence the original guidance for revenue
and profitability for the financial year 2016/17.

The Management Board now assumes revenue growth of 4-6% for the
financial year 2016/17 (original guidance: 10-12%) and an EBITDA
margin of 15-16% (original guidance: 18-20%). AT&S expects -
unchanged and as originally forecast - higher depreciation for the
financial year 2016/17 of an additional EUR 40 million from the
Chongqing project compared to the financial year 2015/16.

AT&S will strictly pursue the cost reduction and optimization
programs already introduced. The Management Board is convinced that
the appropriate technology investments will secure the long-term
profitable growth course - despite the temporary challenges.

Further inquiry note:
Elke Koch, Director Investor Relations & Communications
Tel: +43 3842 200-5925; Mobile: +43 676 8955 5925; e.koch@ats.net

end of announcement euro adhoc
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issuer: AT & S Austria Technologie und Systemtechnik Aktiengesellschaft
Fabriksgasse 13
A-8700 Leoben
phone: 03842 200-0
mail: info@ats.net
WWW: www.ats.net
sector: Technology
ISIN: AT0000969985
indexes: WBI, Prime Market, VÖNIX, ATX GP
stockmarkets: official market: Wien
language: English

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