AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts forecast, is not
considering a capital increase, will obtain binding offers for the sale of
Ansan, no dividend for the financial year 2023/24

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
Forecast/Capital Increase
AT&S Austria Technologie & Systemtechnik AG: AT&S adjusts forecast, is not
considering a capital increase, will obtain binding offers for the sale of
Ansan, no dividend for the financial year 2023/24

10-May-2024 / 14:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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AT&S adjusts forecast for the financial year 2026/27, is currently not
considering a capital increase, intends to obtain binding offers for the
sale of the plant in Ansan, Korea, and proposes not to distribute a dividend
for the financial year 2023/24

Disclosure of inside information pursuant to Article 17 MAR

Leoben - Based on the latest market forecasts, the Executive Board of AT&S
today decided to adjust the forecast for the financial year 2026/27 and to
intensify the cost optimization programs. The company now expects -
including the contribution of the plant in Ansan, Korea - for the financial
year 2026/27:

  * Annual revenue of around EUR 3.1 billion (previously: around EUR 3.5
    billion)

* EBITDA margin of 27-32 % (unchanged)

* ROCE of >12 % (unchanged)

* Net debt/EBITDA of <3 (unchanged)

* Equity ratio of -20 % (previously: >30 %)

In this still volatile market environment, the Executive Board of AT&S has
decided not to carry out a capital increase for the time being. Discussions
with potential investors have been terminated.

The company now intends to sell the plant in Ansan, Korea, which primarily
serves the medical market. The company has therefore decided to obtain
binding offers for the sale. In the 2023/24 financial year, the plant
generated revenue of EUR 76 million and EBITDA of EUR 38 million. Based on
existing non-binding offers and the existing high level of interest in the
transaction, AT&S will now obtain binding offers. Depending on the resulting
conditions, the Executive Board will make further decisions in the coming
months. In this environment, the Executive Board of AT&S has decided,
subject to the approval of the Supervisory Board, to propose to the 30th
Annual General Meeting on July 4, 2024 that no dividend be distributed for
the financial year 2023/24 (previous year: EUR 0.40 per share).

The annual results for the 2023/24 financial year will be published on May
14, 2024 and the annual report

on June 6, 2024.


End of Inside Information

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10-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:       English
   Company:        AT&S Austria Technologie & Systemtechnik AG
                   Fabriksgasse 13
                   8700 Leoben
                   Austria
   Phone:          +43 (1) 3842200-0
   E-mail:         ir@ats.net
   Internet:       www.ats.net
   ISIN:           AT0000969985, AT0000A09S02
   WKN:            922230
   Indices:        ATX
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Hamburg, Hanover, Munich, Stuttgart,
                   Tradegate Exchange; Vienna Stock Exchange (Official
                   Market)
   EQS News ID:    1900657

End of Announcement EQS News Service
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1900657 10-May-2024 CET/CEST