Added to YB: 2026-08-06
Pitch date: 2026-08-04
ATS.VI [neutral]
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
-7.39%
current return
Author Info
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Company Info
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, together with its subsidiaries, manufactures, distributes, and sells printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas.
Market Cap
EUR 5.4B
Pitch Price
EUR 154.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.21
P/E
105.57
EV/Sales
3.28
Sector
Electronic Equipment, Instruments and Components
Category
growth
AT&S (ATS Austria): AI-driven growth remains intact, with the strongest earnings expansion still to come
ATS.VI (update): Q1 rev €549m (+38% YoY) on AI substrate demand; EBITDA €165m (30.1% margin), EBIT €73m. €400m hybrid convertible cut net leverage 3.2x→1.9x, cash €1.18bn. Guides FY rev +45-55%, EBITDA margin 32-37%. Strongest earnings ahead, but re-rating leaves valuation full; semi cyclicality risk.
Read full article (2 min)