November 7, 2019 / 6:41 AM / 5 days ago

Austria's AT&S first-half core profit falls on low smartphone, automotive demand

(Reuters) - Austrian maker of printed circuit boards AT&S (ATSV.VI) on Thursday reported a 26.9% drop in its half-year core profit, citing a lower rampup of the latest smartphone generation and falling demand in its automotive and industrial segments.

Earnings before interest, depreciation and amortisation (EBITDA) in the six-month period came in at 101.1 million euros ($111.8 million) after 138.3 million last year, the group said.

Revenue in the period fell 5.1% to 490.3 million euros.

The company reaffirmed its full-year outlook of a stable revenue and an EBITDA margin of 20%-25%.

Reporting by Bartosz Dabrowski in Gdansk; Editing by Kim Coghill

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