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In addition to the general economic downturn and trade conflicts with China, the change in demand for mobile devices also had an impact, the company said Thursday.
The expected recovery effects for early 2020 did not materialize after the outbreak of the Covid 19 pandemic. Earnings before tax and depreciation (Ebitda) decreased by a fifth from € 250.1 million to € 194.5 million, and earnings operating (Ebit) from 117.2 million euros to 47.4 million euros. Earnings per share fell from 2.08 to 0.34 euros, and the gear increased from 18.7 to 32.5 percent. “In the context of solid business development, the Executive Board and the Supervisory Board will propose to the Annual General Meeting a dividend of 0.25 euros per share for the last fiscal year 2019/20”, says the company’s announcement. In 2018/19 there were 60 cents.
AT&S looks well prepared to successfully face the current crisis. So far, supply chains have not been “essentially” disrupted, but that cannot be ruled out in the future. Overall, there is significant forecast uncertainty due to the Covid 19 pandemic. Therefore, AT&S will continually update the outlook this fiscal year, “as soon as the economic framework conditions are more quantifiable.”
