Reported Earnings • Aug 04
First quarter 2027 earnings released: EPS: €0.93 (vs €1.55 loss in 1Q 2026) First quarter 2027 results: EPS: €0.93 (up from €1.55 loss in 1Q 2026). Revenue: €548.7m (up 38% from 1Q 2026). Net income: €40.9m (up €101.1m from 1Q 2026). Profit margin: 7.4% (up from net loss in 1Q 2026). The move to profitability was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (15% average weekly change). Reported Earnings • Jun 11
Full year 2026 earnings released: €1.11 loss per share (vs €1.86 profit in FY 2025) Full year 2026 results: €1.11 loss per share (down from €1.86 profit in FY 2025). Revenue: €1.79b (up 13% from FY 2025). Net loss: €25.6m (down 135% from profit in FY 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €141, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 388% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €243 per share. Tillkännagivande • Dec 09
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Annual General Meeting, Jul 09, 2026 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Annual General Meeting, Jul 09, 2026. Tillkännagivande • Feb 27
At & S Austria Technologie & Systemtechnik Aktiengesellschaft Appoints Dr. Michael Mertin as Ceo, Effective May 1, 2025 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft announced appointment of Dr. Michael Mertin as member of the Management Board and Chief Executive Officer (CEO) of the company with effect from May 1, 2025 and a term of three years. He will succeed Andreas Gerstenmayer, who stepped down from this position as of October 1, 2024. Dr. Michael Mertin studied physics at RWTH Aachen and subsequently earned a PhD in laser material processing and surface technology at the Fraunhofer Institute for Laser Technology (FHG-ILT). Following a ten-year career at Carl Zeiss, Dr. Mertin joined JENOPTIK AG as CTO/COO and served as CEO from July 2007 until 2017. Until Feb. 26, 2025, he has been active as an independent consultant at Dr.-Ing. Michael Mertin Management Consulting focusing on private equity and M&A, and carried out numerous acquisition and divestment projects. Furthermore, Dr. Mertin was President of the European technology platform Photonics 21, which designs the high-tech agenda of the EU in cooperation with the European Commission. He was also Chairman of the University Council of the Illmenau University of Technology and is an advisory board member of HDI Insurance Group and Deutsche Bank AG. Dr. Michael Mertin held several senior management functions over the past decades, including the position of CEO of JENOPTIK AG for ten years. Reported Earnings • Nov 06
Second quarter 2025 earnings released: €0.85 loss per share (vs €1.20 profit in 2Q 2024) Second quarter 2025 results: €0.85 loss per share (down from €1.20 profit in 2Q 2024). Revenue: €450.5m (flat on 2Q 2024). Net loss: €33.1m (down 171% from profit in 2Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Tillkännagivande • Sep 24
SO.MA.CI.S. S.p.A. agreed to acquire At&S Korea Co. Ltd from AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (WBAG:ATS) for €400 million. SO.MA.CI.S. S.p.A. agreed to acquire At&S Korea Co. Ltd from AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (WBAG:ATS) for €400 million on September 23, 2024. A cash consideration of €405 million will be paid by SO.MA.CI.S. S.p.A. As part of consideration, €405 million is paid towards common equity of At&S Korea Co. Ltd. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Aug 02
First quarter 2025 earnings released: €0.88 loss per share (vs €0.18 loss in 1Q 2024) First quarter 2025 results: €0.88 loss per share (further deteriorated from €0.18 loss in 1Q 2024). Revenue: €349.4m (down 3.4% from 1Q 2024). Net loss: €34.0m (loss widened 397% from 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 09
Full year 2024 earnings released: €1.40 loss per share (vs €3.03 profit in FY 2023) Full year 2024 results: €1.40 loss per share (down from €3.03 profit in FY 2023). Revenue: €1.55b (down 14% from FY 2023). Net loss: €54.2m (down 146% from profit in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Feb 04
Third quarter 2024 earnings released: €1.07 loss per share (vs €0.20 loss in 3Q 2023) Third quarter 2024 results: €1.07 loss per share (further deteriorated from €0.20 loss in 3Q 2023). Revenue: €391.2m (down 6.7% from 3Q 2023). Net loss: €41.7m (loss widened 440% from 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. New Risk • Jan 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Tillkännagivande • Jan 21
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Revises Earnings Guidance for the Financial Year 2023/24 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft revised earnings guidance for the financial year 2023/24. The company has adjusted its revenue forecast for the current financial year 2023/24 due to lower demand caused by high inventory levels, particularly for servers, as well as an unfavourable product mix and increased price pressure. The company expects to generate annual revenue of around €1.6 billion in the financial year 2023/24 (previously: between €1.7 and €1.9 billion). New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: €1.31 (vs €3.17 in 2Q 2023) Second quarter 2024 results: EPS: €1.31 (down from €3.17 in 2Q 2023). Revenue: €452.2m (down 20% from 2Q 2023). Net income: €51.0m (down 59% from 2Q 2023). Profit margin: 11% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €26.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Electronic industry in Germany. Total returns to shareholders of 52% over the past three years. New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 03
First quarter 2024 earnings released: €0.18 loss per share (vs €2.35 profit in 1Q 2023) First quarter 2024 results: €0.18 loss per share (down from €2.35 profit in 1Q 2023). Revenue: €361.7m (down 28% from 1Q 2023). Net loss: €6.84m (down 108% from profit in 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 18
Upcoming dividend of €0.40 per share at 1.3% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.3%). Reported Earnings • Jun 11
Full year 2023 earnings released: EPS: €3.03 (vs €2.39 in FY 2022) Full year 2023 results: EPS: €3.03 (up from €2.39 in FY 2022). Revenue: €1.79b (up 13% from FY 2022). Net income: €117.9m (up 27% from FY 2022). Profit margin: 6.6% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 12
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Proposes the Distribution of Dividend for the Financial Year 2022/23 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's Management Board to propose a dividend of EUR 0.40 per share (Previous Year: EUR 0.78 per share and special dividend of EUR 0.12 per share) for the financial year 2022/23 to the 29th Annual General Meeting on July 6, 2023. Reported Earnings • Feb 07
Third quarter 2023 earnings released: €0.077 loss per share (vs €1.06 profit in 3Q 2022) Third quarter 2023 results: €0.077 loss per share (down from €1.06 profit in 3Q 2022). Revenue: €419.1m (down 6.7% from 3Q 2022). Net loss: €3.00m (down 107% from profit in 3Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 02
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Revises Earnings Guidance for the Financial Year 2022-2023 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft revised earnings guidance for the financial year 2022-2023. For the year, due to weak demand, especially in the market for IC substrates, the company expects to generate annual revenues of around €1.8 billion against previous guidance of around €2.1 billion. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 15% share price gain to €37.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 120% over the past three years. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: €3.17 (vs €0.55 in 2Q 2022) Second quarter 2023 results: EPS: €3.17 (up from €0.55 in 2Q 2022). Revenue: €567.5m (up 49% from 2Q 2022). Net income: €123.3m (up 475% from 2Q 2022). Profit margin: 22% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: €2.35 (vs €0.19 loss in 1Q 2022) First quarter 2023 results: EPS: €2.35 (up from €0.19 loss in 1Q 2022). Revenue: €502.6m (up 58% from 1Q 2022). Net income: €91.3m (up €98.7m from 1Q 2022). Profit margin: 18% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 19
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 28 July 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.2%). Reported Earnings • May 19
Full year 2022 earnings released: EPS: €2.39 (vs €1.01 in FY 2021) Full year 2022 results: EPS: €2.39 (up from €1.01 in FY 2021). Revenue: €1.59b (up 34% from FY 2021). Net income: €92.8m (up 137% from FY 2021). Profit margin: 5.8% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 19% share price gain to €53.20, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 22x in the Electronic industry in Germany. Total returns to shareholders of 253% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 17% share price gain to €53.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Electronic industry in Germany. Total returns to shareholders of 283% over the past three years. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 17% share price gain to €45.65, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 200% over the past three years. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS €0.55 (vs €0.52 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: €379.9m (up 31% from 2Q 2021). Net income: €21.5m (up 7.3% from 2Q 2021). Profit margin: 5.7% (down from 6.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to €40.00, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 109% over the past three years. Reported Earnings • Aug 08
First quarter 2022 earnings released: €0.19 loss per share (vs €0.26 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: €317.7m (up 28% from 1Q 2021). Net loss: €7.35m (loss narrowed 26% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 20
Upcoming dividend of €0.39 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 29 July 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.8%). Reported Earnings • Jun 13
Full year 2021 earnings released: EPS €1.01 (vs €0.30 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: €1.19b (up 19% from FY 2020). Net income: €39.1m (up 240% from FY 2020). Profit margin: 3.3% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 20% share price gain to €34.65, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Electronic industry in Germany. Total returns to shareholders of 105% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to €30.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Electronic industry in Germany. Total returns to shareholders of 52% over the past three years. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS €0.53 (vs €0.092 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €346.0m (up 32% from 3Q 2020). Net income: €20.5m (up 474% from 3Q 2020). Profit margin: 5.9% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 17
New 90-day high: €21.70 The company is up 34% from its price of €16.20 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €101 per share. Reported Earnings • Nov 06
Second quarter 2021 earnings released: EPS €0.57 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: €289.9m (up 8.3% from 2Q 2020). Net income: €22.1m (down 6.4% from 2Q 2020). Profit margin: 7.6% (down from 8.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 19% share price gain to €17.72, the stock is trading at a trailing P/E ratio of 58.1x, up from the previous P/E ratio of 48.6x. This compares to an average P/E of 36x in the Electronic industry in Germany. Total return to shareholders over the past three years is a loss of 6.2%. Is New 90 Day High Low • Oct 29
New 90-day low: €14.84 The company is down 4.0% from its price of €15.48 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.55 per share. Is New 90 Day High Low • Oct 12
New 90-day high: €17.92 The company is up 18% from its price of €15.22 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.55 per share. 
