AT & S Austria Technologie & Systemtechnik AG/€ATS

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About AT & S Austria Technologie & Systemtechnik AG

AT & S Austria Technologie & Systemtechnik AG, established in 1987 and headquartered in Leoben, Austria, specializes in the design and manufacture of high-end printed circuit boards (PCBs) and integrated circuit (IC) substrates. The company's product portfolio includes double-sided and multilayer PCBs, high-density interconnect (HDI) microvia PCBs, flexible and rigid-flex PCBs, and IC substrates, serving sectors such as mobile devices, automotive, industrial, and medical. AT&S operates production facilities in Austria (Leoben, Fehring), India (Nanjangud), China (Shanghai, Chongqing), and Korea (Ansan near Seoul), with a new high-end production site under development in Kulim, Malaysia. The company employs approximately 13,500 people as of 2023/24. AT&S's strategic focus includes advancing technologies for applications such as 5G networks, IoT, autonomous driving, and artificial intelligence.

Ticker

€ATS

Sector

Digital Hardware

Primary listing

VSE

Employees

12,800

Headquarters

Leoben, Austria
Website

ATS Metrics

BasicAdvanced
€1.1B
22.42
€1.29
1.02
-

Bulls say / Bears say

AT&S reported Q1 2025/26 revenue of €398.9 million, a 14.2% increase from the prior-year quarter driven by higher volumes in IC substrates for AI and high-performance computing, demonstrating resilient demand. (Reuters)
Operating cash flow for Q1 rose to €184 million versus –€78.9 million last year, reflecting improved working capital management through the reinstated international factoring program and optimized payables. (Reuters)
AT&S secured a $250 million sustainability-linked loan from the IFC in March 2025 to finance its Kulim, Malaysia IC substrate plant, tying pricing incentives to a 31% annual GHG emissions reduction target by March 2028 and reinforcing its ESG credentials. (FinanceWire)
In the first three quarters of FY 2024/25, AT&S’s revenue stagnated at €1,196.7 million while adjusted EBITDA declined 13.5% to €231.7 million and operating free cash flow swung to –€356.9 million, highlighting pressure from price declines and ramp-up costs. (MarketScreener)
AT&S posted a net loss of €55.9 million in Q1 2025/26, with EPS of –€1.55, as heavy finance costs and start-up expenses outweighed earnings, underscoring ongoing unprofitability at the bottom line. (Reuters)
High-volume production at the Kulim and Leoben plants commenced one to two quarters later than planned, incurring start-up costs of nearly €20 million in Q4 2024/25 and delaying revenue contributions, which could further weigh on margins. (EQS News)
Data summarised monthly by Lightyear AI. Last updated on 7 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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