Core Viewpoint - AT&S reported a total revenue of €1.59 billion for the fiscal year 2024/2025, reflecting a 3% year-on-year growth despite price pressures and global trade uncertainties [1][2]. Financial Performance - The company's revenue increased from €1.55 billion in the previous fiscal year to €1.59 billion [1]. - EBITDA saw a significant rise of 97%, increasing from €307 million to €606 million, primarily due to the sale of the Korean factory [1]. - Adjusted EBITDA, excluding the impact of the Korean factory sale, was €408 million, up 6% from €384 million in the previous fiscal year [2]. Market Environment - The ongoing trade tensions, particularly between the U.S. and China, are viewed as the largest uncertainty affecting the market [2][5]. - Demand in the mobile devices, computers, and communication infrastructure sectors remains stable, while the automotive sector is stagnant and the industrial sector is weak [2][5]. - Price pressures in the printed circuit board (PCB) and semiconductor packaging sectors continue, although the decline in PCB prices is less severe than in the previous fiscal year [2][5]. Strategic Initiatives - The company is focusing on cost optimization and efficiency improvements to counteract market pressures and inflation [2]. - AT&S is implementing a "local for local" strategy in China to enhance market resilience and capitalize on local opportunities [6]. - The company plans to balance production capacity across its global manufacturing network, which includes facilities in China, Malaysia, Austria, and India [7]. Future Outlook - AT&S is preparing for future demand recovery by ensuring that its new factory in Malaysia is ready to start production quickly when needed [7]. - The company acknowledges the growing interest from Chinese clients in its advanced technologies, emphasizing that the Chinese market remains a core business area [7].
奥特斯中国朱津平:中国业务是全球战略支点
Zhong Guo Jing Ying Bao·2025-05-23 07:57