Declining Profit for AT&S in the First Quarter

Companies › Technology ♦ Published: July 20, 2011; 12:32 ♦ (Vindobona)

The Austrian technology company had a difficult start into the financial year. EBIT more than halved to € 4.4m. Nonetheless, the outlook has been confirmed.

Declining Profit for AT&S in the First Quarter / Picture: © Vindobona.org

AT&S reported a significant decline in profits in the first quarter of financial year 2011/12. Consolidated net income fell from € 7.57m in Q1 2010/11 to € 2.06m. Earnings before interest and tax (EBIT) came to € 4.4m (after € 9.38m) with sales revenues of € 110.46m (€ 114m).

“The Tsunami in Japan combined with delays in development projects for the next…

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