AT&S Austria Technologie & Systemtechnik AG: AT&S: results for the financial year 2013/14

Leoben (pta039/07.05.2014/18:11 UTC+2) AT&S finished the financial year with total sales of around EUR 590 million (m), a year-on-year increase of about 9%
-AT&S generated EBITDA of about EUR 127m: a year-on-year increase of about 24%
-Consolidated net income amounted to about EUR 38m
-AT&S improved its financing structure and reduced its gearing ratio to about 28%

AT&S Group's sales for the financial year 2013/14 reached EUR 590m, an increase of around 9% on the previous year's total (2012/13: approx. EUR 542m). Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to EUR 127m, an increase of around 24% on the 2012/13 total of around EUR 102m. Consolidated net income for the financial year 2013/14 rose to EUR 38m. The capital increase (gross proceeds of about EUR 100m) and the placement of a bonded loan (gross proceeds of EUR 158m) led to an improvement in the Group's financing structure. The gearing ratio declined to 28% (2012/13: approx. 71%).

The results in detail:

in accordance with IFRS, EUR in millions		FY 2013/14	FY 2012/13
		01.04.2013 - 31.03.2014	01.04.2012 - 31.03.2013 1)
	Before non-recurring items	After non-recurring items	After non-recurring items
Revenues		589.9	541.7
Gross profit		118.8	77.1
EBITDA	130.2	127.2	102.4
EBITDA margin	22.1%	21.6%	18.9%
EBIT	56.9	53.9	31.4
EBIT margin	9.7%	9.1%	5.8%
Profit before tax		42.8	16.5
Consolidated net income	41.2	38.2	14.6
Earnings per share, year end*	1.06	0.98	0.62
No. of shares outstanding, year end**		38,850	23,322

1) Adjusted according to IAS 19 (revised)
* in EUR
** Thousands of shares

The Excel-format financial statements (not including notes) for the financial year 2013/14 will be published online at www.ats.net under Investors > Downloads > Annual reports. The annual report will be available in .pdf format in June 2014. The annual financial statements will be presented to the Supervisory Board for auditing and adoption on 2 June.

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