EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts forecast, is not considering a capital increase, will obtain binding offers for the sale of Ansan, no dividend for the financial year 2023/24
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EQS-Ad-hoc: AT Austria Technologie Systemtechnik AG / Key word(s): Forecast/Capital Increase
AT adjusts forecast for the financial year 2026/27, is currently not considering a capital increase, intends to obtain binding offers for the sale of the plant in Ansan, Korea, and proposes not to distribute a dividend for the financial year 2023/24
Disclosure of inside information pursuant to Article 17 MAR
Leoben – Based on the latest market forecasts, the Executive Board of AT today decided to adjust the forecast for the financial year 2026/27 and to intensify the cost optimization programs. The company now expects – including the contribution of the plant in Ansan, Korea – for the financial year 2026/27:
In this still volatile market environment, the Executive Board of AT has decided not to carry out a capital increase for the time being. Discussions with potential investors have been terminated.
The company now intends to sell the plant in Ansan, Korea, which primarily serves the medical market. The company has therefore decided to obtain binding offers for the sale. In the 2023/24 financial year, the plant generated revenue of € 76 million and EBITDA of € 38 million. Based on existing non-binding offers and the existing high level of interest in the transaction, AT will now obtain binding offers. Depending on the resulting conditions, the Executive Board will make further decisions in the coming months. In this environment, the Executive Board of AT has decided, subject to the approval of the Supervisory Board, to propose to the 30th Annual General Meeting on July 4, 2024 that no dividend be distributed for the financial year 2023/24 (previous year: € 0.40 per share).
The annual results for the 2023/24 financial year will be published on May 14, 2024 and the annual report on June 6, 2024.
End of Inside Information
10-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com |
| Language: | English |
| Company: | AT Austria Technologie Systemtechnik AG |
| Fabriksgasse 13 | |
| 8700 Leoben | |
| Austria | |
| Phone: | +43 (1) 3842200-0 |
| E-mail: | [email protected] |
| Internet: | www.ats.net |
| ISIN: | AT0000969985, AT0000A09S02 |
| WKN: | 922230 |
| Indices: | ATX |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1900657 |
| End of Announcement | EQS News Service |
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1900657 10-May-2024 CET/CEST
AT&S Austria Technologie & Systemtechnik AG Stock
Currently there is a rather positive sentiment for AT&S Austria Technologie & Systemtechnik AG with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 23 € shows a slightly positive potential of 6.38% compared to the current price of 21.62 € for AT&S Austria Technologie & Systemtechnik AG.
