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Leoben (APA) – AT & S stock rose more than eleven percent on Wednesday at the Vienna Stock Exchange, to 21.40 euros. Thus, the actions of the printed circuit manufacturer jumped almost a month on the launch on the stock market. Investors should have been satisfied with the heightened outlook. Because the Styrian company announced Tuesday night increase its forecast of revenue and profit for the current fiscal year 2018/19.
"The very good business development is mainly due to the increased sales of the Chongqing factories, which were still partially in the start-up phase of the same period of the previous year, as well as to measures of Improved efficiency and productivity, "the statement said. In addition, a portfolio of higher value-added products, such as server applications, contributes to revenue growth.
On the basis of stable exchange rates, management now expects a turnover growth of 6 to 8% (up to 6% previously) and an EBITDA margin of $ 9 million. order of 24 to 26% (up to 23% previously) for the 2018/19 financial year.
~ ISIN AT0000969985 WEB http://www.ats.net ~ APA089 2018-10-24 / 09: 38
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