AT&S Surpasses Forecast Amidst Market Challenges

AT&S Austria Technologie & Systemtechnik AG reported a positive performance for H1 2025/26, with revenue rising to €846 million, a 6% increase compared to the previous year. Despite adverse currency conditions, the EBITDA margin improved to 20.6%, up from 19.6%. The company's strategic customer diversification and the expansion of production facilities in Malaysia and Austria have contributed to this growth.

Expenses related to foreign exchanges have significantly impacted earnings and equity. Depreciation costs increased, affecting EBIT, which fell to zero. Nonetheless, AT&S has maintained cash flow growth, driven by a reorganized international factoring program.

Looking forward, AT&S projects a revenue of €1.7 billion for 2025/26, with a 23% EBITDA margin. The outlook for 2026/27 remains robust, aimed at a revenue between €2.1 and €2.4 billion.