AUSTRIA: PROSPECTS FOR AT & S

Article Abstract:

Willi Dorflinger, head of the Austrian Hinterberg-based semiconductor manufacturer, does not rule out AT & S - Austria Technologie & Systemtechnik AG teaming up with a partner. AT & S might even be content with a minority stake. The company's search for an acquisition target in the US have so far remained fruitless. Those companies that are interesting for AT & S are either too big or not for sale. By 2004/05 AT & S aims to raise turnover to EUR 1.3bn. Also in future deliveries to the mobile phone industry should contribute 60% to turnover. At the same time, the share of circuit boards for automotive board electronics of AT & S' turnover is to be raised from 5% to 20%. In the financial year to 31 March 2001 AT & S expects a 40% increase in turnover and profit. The company aims to maintain earnings before interest and taxes rate at 16%.

Austria Technologie and Systemtechnik AG

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AUSTRIA: AT&S HOPING FOR FAST GROWTH

Article Abstract:

Within the next twelve months, Austrian AT&S is to increase the production of printed circuit boards from the current 80,000 to 200,000 per day. The company is expecting net profits of just under Sch 300mn on a turnover of Sch 3bn for 2000. Turnover is to increase to Sch 10bn within five years. AT&S is planning acquisitions in the US or Asia still in 2000.

United States, Asset sales & divestitures, Asia

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AUSTRIA: SHARE SPLIT BY AT & S

Article Abstract:

The shareholders' meeting of Austrian semiconductor maker AT&S is expected to approve a 1:2 share split on 6 July 2000. Decisions are to be taken also on the buy-back of up to 10% of shares and a dividend of EUR 0.44 per share for 1999.

Securities issued, listed

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