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AT & S Austria Technologie & Systemtechnik (ATS) investor relations material
AT & S Austria Technologie & Systemtechnik Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the first three quarters of 2025/26 reached €1.314 billion, up 10% year-over-year, with EBITDA at €297 million and a margin of 23%.
EBIT improved to €34 million (3% margin) from a loss of €1 million, and operating free cash flow turned positive at €223 million from negative €357 million.
New contributions from Kulim and Hinterberg/Leoben sites supported growth, while efficiency programs and improved pricing drove profitability.
Market environment is stabilizing, though global dynamics and FX headwinds persist.
Management board reorganized to three members, with a new CFO and CTO joining.
Financial highlights
Q1-3 revenue increased 10% year-over-year to €1,314 million, with Q3 revenue at €468 million and EBITDA margin at 23%.
Net CAPEX reduced by 67% to €108 million, and operating free cash flow improved significantly.
Net debt decreased by 12% to €1,316 million, with a net debt/EBITDA ratio of 2.0.
Equity ratio declined to 20.8% from 23.3%, impacted by FX effects.
Cost-saving program achieved €130 million by Q3, expected to exceed €160 million by year-end.
Outlook and guidance
Full-year 2025/26 revenue guidance confirmed at €1.7 billion, with EBITDA margin around 23% and net CAPEX of about €200 million.
2026/27 revenue guidance is €2.1–2.4 billion, EBITDA margin 24–28%, and net debt/EBITDA below 3 (can be temporarily exceeded).
Equity ratio may temporarily fall below 20% assuming hybrid capital repayment.
Additional capacity ramping, especially from Kulim, expected to drive future growth.
CAPEX planned at €200 million for 2025/26, mainly for IC substrate expansion in Kulim.
- TimeTickerHeadlineOpen
- 6 FebPECO
Record 2025 occupancy and 7% Core FFO growth; 2026 targets 5.5% FFO growth and strong acquisitions. - 6 FebPROV
Q2 FY2026 net income rose 65% year-over-year, with higher margins and strong credit quality. - 6 FebNVDA
AI-driven digital twins and accelerated computing are set to revolutionize industrial design and manufacturing. - 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position.
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