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10 months ago
BRIEF-AT & S adjusts 2016/17 forecast
October 18, 2016 / 4:30 PM / 10 months ago

BRIEF-AT & S adjusts 2016/17 forecast

Oct 18 (Reuters) - At & S :

* Now assumes revenue growth of 4-6 pct for financial year 2016/17 (original guidance: 10-12 pct) and an EBITDA margin of 15-16 pct (original guidance: 18-20 pct)

* Expects - unchanged and as originally forecast - higher depreciation for financial year 2016/17 of an additional 40 million euros ($43.97 million) from Chongqing project compared to financial year 2015/16

* Existing production capacities are limited and combined with current lower prices and product mix, this will have an influence on revenue development for financial year 2016/17

* Is preparing next technology generation in core business for segment mobile devices & substrates, earlier than originally planned

* Required technological adjustments of production equipment will lead to temporarily reduced capacities at Shanghai plant and decrease revenue potential for financial year 2016/17

* Flatter ramp of IC substrates plant in Chongqing, China, will additionally negatively influence original guidance for revenue and profitability for financial year 2016/17 Source text for Eikon: Further company coverage: ($1 = 0.9098 euros) (Gdynia Newsroom)

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