AT&S ends financial year with strong fourth-quarter results

摘要

AT&S finished the financial year 2012/ 2013 with total sales of around €542 million, about 5 per cent higher than a year ago. The group posted earnings before interest, tax, depreciation and amortisation (EBITDA) of around €102 million as at 31 March 2013 thanks to significantly improved capacity utilisation in the second half of the year.AT&S Group's sales for the financial year 2012/2013 reached €542 million, an improvement of around 5 per cent on the previous year's total. Consolidated net income for the financial year 2012/2013 dropped to about €14 million compared with €27 million a year ago, chiefly as a result of increased depreciation. Strong capacity utilisation in the second half of the financial year helped drive EBITDA to around €102 million, leading to a reduction in the net gearing ratio to around 70 per cent, as against some 86 per cent in the financial year 2011/ 2012.