HIGHLIGHTS Q1-Q3 2025/26 AT&S records positive net profit again in the third quarter Revenue increases to € 1,314.0 million in the first three quarters of the financial year 2025/26, up 9.8% on the previous year
EBITDA of € 296.8 million corresponds to a margin of 22.6%
The plants in Kulim and Leoben are developing as planned and contribute to revenue as expected
Exchange rate developments influence revenue, earnings and equity Outlook for financial years 2025/26 and 2026/27 confirmed
KEY FIGURES
Unit | Q1-Q3 2025/26 | Q1-Q3 2024/25 | Change in % | |||||
Revenue | € in millions | 1,314.0 | 1,196.7 | 9.8 % | ||||
EBITDA | € in millions | 296.8 | 231.7 | 28.1 % | ||||
EBITDA margin | % | 22.6% | 19.4% | - | ||||
EBIT | € in millions | 34.0 | (1.4) | >100% | ||||
EBIT margin | % | 2.6% | (0.1%) | - | ||||
Profit/(loss) for the period | € in millions | (39.3) | (95.3) | 58.8 % | ||||
Net CAPEX | € in millions | (108.4) | (327.5) | 66.9 % | ||||
Operating free cash flow | € in millions | 223.4 | (356.9) | >100% | ||||
Earnings per share | € | (1.35) | (2.79) | 51.6 % | ||||
Employees1 | - | 13,064 | 13,402 | (2.5 %) |
1Incl. contract staff, average
ECONOMIC REPORTBUSINESS DEVELOPMENT AND SITUATION
In the first three quarters of the current financial year, AT&S exceeded both revenue and net profit compared to the prior-year period. The positive net profit in the third quarter impressively showed that AT&S is on the right track operationally. On the one hand, the consistently implemented efficiency program is taking effect, on the other hand, the market environment for the technology industry has improved. And finally, the plants in Kulim, Malaysia, and Leoben, Austria, are contributing to revenue so that positive EBIT was recorded again. Against this backdrop, AT&S is convinced that the annual targets will be achieved in full. The investments of the past years are beginning to bear fruit, creating a solid basis for generating sustainable value from the current market recovery.
Third quarter 2025/26
In the third quarter of 2025/26, the new plants in Kulim and Leoben contributed noticeably to growth and AT&S increased consolidated revenue by 17.9% year-on-year - adjusted for currency effects by 27.4%. Thanks to the extensive cost optimization and efficiency program and a better pricing environment, EBITDA rose by 63.8% - adjusted for currency effects by 105.0%.
AT&S recorded a positive net profit of € 24.2 million (PY: € -32.6 million), leading to earnings per share of
€ 0.51 (PY: € -0.95) and, together with currency effects, to an increase in the equity ratio by
1.6 percentage points to 20.8% compared to the half-year figure as of September 30, 2025.
First nine months of 2025/26
In comparison to the prior-year period, consolidated revenue increased by 9.8% in the first three quarters of 2025/26 from € 1,196.7 million to € 1,314.0 million.
Adjusted for currency effects, consolidated revenue rose by 16.3%. Exchange rate effects, especially due to the weaker US dollar, had a negative impact of
€ 77.8 million on the development of revenue.
Due to a positive volume development, AT&S was able to successfully counter negative exchange rate effects during the reporting period.
EBITDA improved by 28.1% from € 231.7 million to
€ 296.8 million. The earnings improvement is primarily due to higher volumes, the comprehensive cost optimization and efficiency program and a better pricing environment.
Adjusted for currency effects, EBITDA improved by 45.9%. Currency fluctuations of the US dollar and the Chinese renminbi had a negative influence on the EBITDA development of € 41.3 million.
The EBITDA margin amounted to 22.6%, thus exceeding the prior-year level of 19.4%.
Depreciation and amortization increased by
€ 29.8 million to € 262.8 million (20.0% of consolidated revenue) due to additions to assets and technology upgrades.
EBIT increased from € -1.4 million to € 34.0 million. The EBIT margin amounted to 2.6% (previous year:
-0.1%).
Finance costs - net declined from € -65.1 million to
€ -80.0 million. This was primarily attributable to exchange rate effects with a negative impact of
€ -13.3 million (previous year: € 7.0 million). The interest result improved by € 12.7 million from
€ -72.2 million in the previous year to € -59.5 million as of December 31, 2025. Gross interest expenses of € 79.1 million were € 19.6 million below the previous year's level of € 98.7 million despite the higher financing volume, in particular due to the lower interest rates. Interest income, at € 19.6 million, was also € 0.9 million below the prior-year level of
€ 20.5 million as a result of the lower interest rate level.
The loss for the period improved from € -95.3 million by € 56.0 million to € -39.3 million. Taking into account interest on hybrdid capital of € 13.2 million (previous year: € 13.2 million), this results in earnings
per share of € -1.35 (previous year: € -2.79), which was an improvement by € 1.44.
Number of shares outstanding
The number of shares outstanding in the individual periods amounted to 38,850,000 units and remained unchanged compared to the previous year.
BUSINESS DEVELOPMENT BY SEGMENTS
The AT&S Group breaks its operating activities down into three segments: Electronics Solutions, Microelectronics and Others. For further explanations on the segments and segment reporting, please refer to the Annual Report 2024/25.
Electronics Solutions segment
The segment's revenue amounted to € 693.5 million, down 5.5% on the prior-year level of € 733.9 million. It must be noted, however, that a reduction in revenue by € 38.0 million was recorded as a result of the sale of the plant in Ansan, South Korea. Excluding the share of revenue from the plant in Ansan, South Korea, third-party revenue in the Electronics Solutions segment was € 2.4 million lower than in the comparative period mainly due to currency effects.
Segment's EBITDA at € 143.8 million, was € 11.2 million below the prior-year level of € 154.9 million. This was mainly attributable to a decrease in revenue as a result of the sale of the plant in Ansan, South Korea and the resulting contribution margins. By continuing the cost optimization and efficiency program, a significant part of the loss of contribution margins due to the sale was compensated for.
This resulted in an EBITDA margin of 20.4%, which was lower than in the previous year (21.1%).
EBIT declined by € 3.0 million from € 75.8 million to
€ 72.8 million. The EBIT margin amounted to 10.3 % (previous year: 10.3 %).
Microelectronics segment
Third-party revenue in the Microelectronics segment amounted to € 620.5 million, exceeding the prior year
figure of € 462.8 million by 34.1%. This increase is primarily attributable to higher volumes, also as a result of production start in Kulim, Malaysia.
The segment's EBITDA, at € 162.1 million, up
€ 75.0 million on the prior-year figure of
€ 87.1 million. Negative effects from currency translation of € -37.7 million (previous year:
€ -2.3 million) were overcompensated by the additional contributions to earnings generated by the increase in revenue. Start-up costs at the plants in Kulim, Malaysia, and Leoben, Austria, declined from
€ 36.6 million in the same quarter of the previous year to € 2.6 million. Likewise, government grants for expenses decreased from € 24.0 million to
€ 15.3 million in this segment in the first three quarters.
The EBITDA margin rose by 6.7 percentage points from 16.5% to € 23.2 %.
EBIT increased from € -60.2 million to € -21.1 million. The EBIT margin amounted to -3.0% (previous year:
-11.4%).
FINANCIAL POSITION
Total assets declined by 0.2% in the first nine months of the financial year, from € 4,622.1 million as of March 31, 2025 to € 4,612.5 million as of December 31, 2025. Above all, property, plant and equipment decreased from € 3,335.6 million as of 31 March 2025 to € 3,102.1 million at December 31, 2025. Additions to assets and technology upgrades of
€ 93.1 million were offset by depreciation and amortization totaling € 262.8 million. The additions to assets led to cash CAPEX of € 115.1 million. Property plant and equipment reported in the consolidated statement of financial position as of December 31 2025 also include right-of-use assets according to IFRS 16 of € 423.7 million. Correspondingly, financial liabilities include lease liabilities of € 320.7 million. Inventories rose from
€ 145.5 million to € 215.8 million. Cash and cash equivalents amounted to € 843.2 million (31 March 2025: € 485.1 million). In addition, AT&S
also had unused credit lines of € 42.6 million to secure the financing of the future investment programme and short-term repayments.
Equity declined by 10.6% from € 1,075.0 million at the balance sheet date to € 961.4 million. The reduction is due in particular to currency effects from translation of net assets of subsidiaries (€ -77.8 million) and the loss for the period of
€ -39.3 million. The change in hedging instruments for cash flow hedges (€ 3.2 million) and changes from the remeasurement of post-employment obligations (€ 0.4 million) had a positive impact on the development of equity. The equity ratio declined by 2.4% percentage points from 23.3% as of March 31, 2025 to 20.9%.
Net debt decreased by € 175.0 million or 11.7%, from
€ 1,491.4 million to € 1,316.4 million, whereby the higher factoring volume in particular had a positive impact on cash and therefore on net debt.
Cash flow from operating activities in the first nine months of the current financial year amounted to
€ 331.8 million (previous year: € -29.4 million). Apart from higher earnings after tax (change in EBITDA
€ +65.1 million), lower interest payments (change
€ +20.8 million) and lower income taxes paid (change € +18.0 million), the main change in cash flow from operating activities was caused by changes in working capital. Working capital improved in particular due to an increase in factoring volume (factoring volume as of 31. Dezember 2025:
€ 203.1 million; as of March 31, 2025: € 12.0 million).
Net CAPEX amounted to € 108.4 million (previous year: € -327.5 million), resulting in operating free cash flow of € 223.4 million (previous year:
€ -356.9 million).
Cash flow from financing activities amounted to
€ 83.3 Mio. € (previous year: € 191.6 Mio. €) and is due in particular to drawing the loan with the International Finance Corporation (IFC-loan) in the amount of USD 400 million. Cash flow from financing
activities was reduced by the repayment of a promissory note loan and regular loan repayments.
OUTLOOK
Expected market environment
Geopolitical uncertainties caused some companies to reduce inventory levels or place orders early. Overall, these effects had no impact on the general market situation, which improved compared with the previous quarter.
The data center and server segment continues to be the driver: Here, demand continues to be stable. Demand is particularly strong for high-end products developed for artificial intelligence. There is an ongoing trend towards high-end IC substrates in this area, from which AT&S will continue to benefit.
Despite continuing geopolitical tensions, demand developed positively in most other markets. Notebooks show a positive picture, which is in part attributable to the progress made in artificial intelligence and renewal cycles, but also to a shift in seasonality for fear of potential tariffs. Likewise, the smartphone market is strong.
In the industrial and automotive segments, only moderate growth is expected for 2025, one of the reasons being inventories that have not been fully reduced yet. The situation is particularly challenging in the area of e-mobility, where the currently low demand is weakening the market environment. Moreover, tariffs as well as political and legal obstacles in the USA and the EU are causing additional burdens.
Outlook 2025/26
AT&S expects to generate annual revenue of approximately € 1.7 billion in the financial year 2025/26 (2024/25: € 1,590 million), which - adjusted for currency effects and the sold plant in Ansan, Southkorea - corresponds to operational growth of approximately 20% compared to the previous year.
The expected EBITDA margin of approximately 23% will still reflect the start-up costs of the additional lines
in Kulim (2024/25 incl. proceeds from the sale of the plant in Ansan, Korea: 38.1%; adjusted for the proceeds: 17.7%). The management plans CAPEX of roughly € 200 million (2024/25: € 415 million). The majority of these investments will be used for expanding the IC substrate production at the new plant in Kulim, Malaysia. AT&S expects EBIT and free cash flow from operating activities to be positive.
Outlook 2026/27
AT&S anticipates continuing strong and growing demand for products with high added value, especially for generative artificial intelligence. But the established markets such as servers for companies, PCs & notebooks have also recovered. Moreover, AT&S has decided to increasingly serve the defense sector. In the future, the company will work even more closely with its customers to ensure that production increases can be reliably implemented. At the same time, this close cooperation will enable a structured introduction of new products and contribute to strengthening joint development activities in the long term. Against this positive market backdrop, AT&S currently assumes that revenue of approximately € 2.1 to € 2.4 billion will be generated in the financial year 2026/27 and expects an EBITDA margin of 24% to 28%.
AT&S generates more than three quarters of its revenue with US companies, and the majority of its revenues in US dollars. Production costs are largely incurred in Asian currencies, while the reporting currency is the euro. Since the publication of the forecast for 2026/27 in December 2024, the US dollar has fallen against the euro, from 1.07 US dollars per euro to approx. 1.17 US dollars per euro, which corresponds to a decline by roughly 10%. As a result, the management's revenue expectations shifted from the upper to the lower end of the expected revenue range. Further changes in exchange rates - positive or negative - would have an impact on the revenue forecast.
In addition to these general market dynamics, raw material shortages could pose a challenge. Fiberglass mats - in particular E-glass and the technically more sophisticated T-glass - are
essential components in the structure of PCBs and IC substrates. T-glass is indispensable for large-format and complex IC substrates. Last year, there were already indications of potential supply chain bottlenecks in the market, in particular due to the dependence on one central supplier. AT&S responded early and qualified additional suppliers together with its customers in order to increase supply security. Some of these new partners are in the process of building their production capacities and are currently not yet able to supply the full quantities required. Therefore, there is a certain risk that AT&S, as well as competitors, may not be able to fully meet all customer requirements, which were recently revised upwards, in the second half of the financial year 2026/27. While such a shortage would limit the production volume, it could have a positive effect on IC substrate prices.
The forecast does not include a potential escalation of the currently smoldering trade dispute, a significant shortage of fiberglass mats or a further devaluation of the US dollar. The management monitors the currently tense geopolitical situation very carefully in order to be able to respond to developments at any time and to make strategic adaptations.
Leoben-Hinterberg, February 3, 2026 Management Board
Michael Mertin m.p. Peter Griehsnig m.p. Gerrit Steen m.p.
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
€ in thousands | Oct 1 - Dec 31, 2025 | Oct 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | ||||
Revenue | 467,722 | 396,832 | 1,314,037 | 1,196,719 | ||||
Cost of sales | (395,931) | (343,968) | (1,168,031) | (1,034,592) | ||||
Gross profit | 71,791 | 52,863 | 146,006 | 162,127 | ||||
Distribution costs | (12,792) | (13,543) | (38,403) | (41,732) | ||||
General and administrative costs | (21,417) | (19,937) | (72,395) | (60,849) | ||||
Other operating income | 5,141 | 12,885 | 23,783 | 48,263 | ||||
Other operating costs | (8,774) | (38,550) | (25,002) | (98,979) | ||||
Other operating result | (3,633) | (25,665) | (1,219) | (50,716) | ||||
Non-recurring items | - | (1,900) | - | (10,180) | ||||
Operating result (EBIT) | 33,949 | (8,181) | 33,989 | (1,350) | ||||
Finance income | 15,040 | 19,796 | 19,623 | 33,629 | ||||
Finance costs | (27,620) | (34,956) | (99,645) | (98,719) | ||||
Finance income/costs - net | (12,580) | (15,160) | (80,022) | (65,090) | ||||
Loss before tax | 21,369 | (23,341) | (46,033) | (66,440) | ||||
Income taxes | 2,792 | (9,296) | 6,730 | (28,868) | ||||
Loss for the period | 24,161 | (32,637) | (39,303) | (95,308) | ||||
Attributable to owners of hybrid capital | 4,411 | 4,411 | 13,185 | 13,185 | ||||
Attributable to owners of the parent company | 19,750 | (37,048) | (52,488) | (108,493) | ||||
Earnings per share attributable to equity holders of the parent company (in € per share): | ||||||||
- basic | 0.51 | (0.95) | (1.35) | (2.79) | ||||
- diluted | 0.51 | (0.95) | (1.35) | (2.79) |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
€ in thousands | Oct 1 - Dec 31, 2025 | Oct 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | ||||
Profit/(Loss) for the period | 24,161 | (32,637) | (39,303) | (95,308) | ||||
Items to be reclassified: | ||||||||
Currency translation differences, net of tax | 58,176 | 57,342 | (77,770) | 136,858 | ||||
(Losses) from the fair value measurement of financial assets, net of tax | (11) | - | (11) | - | ||||
Gains/(Losses) from the fair value measurement of hedging instruments for cash flow hedges, net of tax | 1,754 | (516) | 3,182 | (4,329) | ||||
Items not to be reclassified: | ||||||||
Remeasurement of post-employment obligations, net of tax | - | - | 393 | - | ||||
Other comprehensive income/(loss) for the period | 59,919 | 56,826 | (74,206) | 132,529 | ||||
Total comprehensive income/(loss) for the period | 84,080 | 24,189 | (113,509) | 37,221 | ||||
Attributable to owners of hybrid capital | 4,411 | 4,411 | 13,185 | 13,185 | ||||
Attributable to owners of the parent company | 79,669 | 19,778 | (126,694) | 24,036 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
€ in thousands | Dec 31, 2025 | Mar 31, 2025 | ||
ASSETS | ||||
Property, plant and equipment | 3,102,143 | 3,335,615 | ||
Intangible assets | 12,866 | 18,027 | ||
Financial assets | 9,254 | 8,702 | ||
Deferred tax assets | 15,272 | 4,533 | ||
Other non-current assets | 23,941 | 32,580 | ||
Non-current assets | 3,163,476 | 3,399,457 | ||
Inventories | 215,840 | 145,453 | ||
Trade and other receivables and contract assets | 364,650 | 482,209 | ||
Financial assets | 22,428 | 105,912 | ||
Current income tax receivables | 2,922 | 4,010 | ||
Cash and cash equivalents | 843,178 | 485,079 | ||
Current assets | 1,449,018 | 1,222,663 | ||
Total assets | 4,612,494 | 4,622,120 | ||
EQUITY | ||||
Share capital | 141,846 | 141,846 | ||
Other reserves | (105,749) | (31,543) | ||
Hybrid capital | 347,956 | 347,956 | ||
Retained earnings | 577,388 | 616,691 | ||
Equity attributable to owners of the parent company | 961,441 | 1,074,950 | ||
Total equity | 961,441 | 1,074,950 | ||
LIABILITIES | ||||
Financial liabilities | 1,603,959 | 1,621,239 | ||
Contract liabilities | 778,463 | 827,890 | ||
Provisions for employee benefits | 37,972 | 41,712 | ||
Deferred tax liabilities | 3,940 | 9,290 | ||
Other liabilities | 69,066 | 67,382 | ||
Non-current liabilities | 2,493,400 | 2,567,513 | ||
Trade and other payables | 412,636 | 405,643 | ||
Financial liabilities | 587,340 | 469,892 | ||
Contract liabilities | 133,672 | 83,206 | ||
Current income tax payables | 3,144 | 192 | ||
Other provisions | 20,861 | 20,724 | ||
Current liabilities | 1,157,653 | 979,657 | ||
Total liabilities | 3,651,053 | 3,547,170 | ||
Total equity and liabilities | 4,612,494 | 4,622,120 |
CONSOLIDATED STATEMENT OF CASH FLOWS
€ in thousands | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | ||
Operating result (EBIT) | 33,989 | (1,350) | ||
Depreciation, amortization and impairment of property, plant and equipment and intangible assets | 262,837 | 233,052 | ||
Gains from the disposal of fixed assets | 389 | (9,048) | ||
Changes in non-current provisions | (3,340) | (3,611) | ||
Changes in contract liabilities | 47,963 | 22,407 | ||
Non-cash expense/(income), net | (55,986) | (11,471) | ||
Interest paid | (46,655) | (67,440) | ||
Interest received | 19,663 | 20,545 | ||
Income taxes paid | (7,257) | (25,240) | ||
Cash flow from operating activities before changes in working capital | 251,603 | 157,844 | ||
Inventories | (75,293) | (7,863) | ||
Trade and other receivables and contract assets | 109,571 | (148,202) | ||
Trade and other payables | 44,886 | (42,247) | ||
Other provisions | 1,003 | 11,079 | ||
Cash flow from operating activities | 331,770 | (29,389) | ||
Capital expenditure for property, plant and equipment and intangible assets | (115,075) | (328,724) | ||
Proceeds from the sale of property, plant and equipment and intangible assets | 6,661 | 1,195 | ||
Capital expenditure for financial assets | (15,564) | (23,629) | ||
Proceeds from the sale of financial assets | 98,020 | 45,267 | ||
Cash flow from investing activities | (25,958) | (305,891) | ||
Proceeds from borrowings | 407,797 | 414,449 | ||
Repayments of borrowings | (330,887) | (228,596) | ||
Proceeds from government grants | 6,378 | 5,762 | ||
Cash flow from financing activities | 83,288 | 191,615 | ||
Change in cash and cash equivalents | 389,100 | (143,665) | ||
Cash and cash equivalents at beginning of the year | 485,079 | 676,490 | ||
Exchange gains/(losses) on cash and cash equivalents | (31,001) | 18,410 | ||
Cash and cash equivalents at end of the period | 843,178 | 551,235 |
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
€ in thousands | Share capital | Other reserves | Hybrid capital | Retained earnings | Equity attributable to owners of the parent company | Non-controlling interests | Total equity | |||||||
Mar 31, 2024 | 141,846 | (68,891) | 347,956 | 545,668 | 966,579 | - | 966,579 | |||||||
Loss for the period | - | - | - | (95,308) | (95,308) | - | (95,308) | |||||||
Other comprehensive income for the period | - | 132,529 | - | - | 132,529 | - | 132,529 | |||||||
thereof currency translation differences, net of tax | - | 136,858 | - | - | 136,858 | - | 136,858 | |||||||
thereof change in hedging instruments for cash flow hedges, net of tax | - | (4,329) | - | - | (4,329) | - | (4,329) | |||||||
Total comprehensive loss for the period | - | 132,529 | - | (95,308) | 37,221 | - | 37,221 | |||||||
Dec 31, 2024 | 141,846 | 63,638 | 347,956 | 450,360 | 1,003,800 | - | 1,003,800 | |||||||
Mar 31, 2025 | 141,846 | (31,543) | 347,956 | 616,691 | 1,074,950 | - | 1,074,950 | |||||||
Loss for the period | - | - | - | (39,303) | (39,303) | - | (39,303) | |||||||
Other comprehensive loss for the period | - | (74,206) | - | - | (74,206) | - | (74,206) | |||||||
thereof currency translation differences, net of tax | - | (77,770) | - | - | (77,770) | - | (77,770) | |||||||
thereof remeasurement of post-employment obligations , net of tax | - | 393 | - | - | 393 | - | 393 | |||||||
thereof change in financial assets, net of tax | - | (11) | - | - | (11) | - | (11) | |||||||
thereof change in hedging instruments for cash flow hedges, net of tax | - | 3,182 | - | - | 3,182 | - | 3,182 | |||||||
Total comprehensive loss for the period | - | (74,206) | - | (39,303) | (113,509) | - | (113,509) | |||||||
Dec 31, 2025 | 141,846 | (105,749) | 347,956 | 577,388 | 961,441 | - | 961,441 |
The AT&S Group now breaks down its operating activities into the following three segments
Electronics Solutions
Microelectronics
Others
The Electronics Solutions and Microelectronics segments are structured based on technology. The Electronics Solutions segment encompasses the area of printed circuit boards and will also increasingly cover the modules and embedding business areas through the development of high-tech solutions. The Microelectronics segment comprises the production of IC substrates for PCs and servers.
The Others segment is still characterised by Group and holding activities.
AT&S I NTERI M REPORT THI RD QUARTER 202 5 /2 6 ADVANCED TECHNOLOGIES& SOLUTIONSBU ES (Electronics Solutions) | BU ME (Microelectronics) | Others | Elimination/ Consolidation | Group | ||||||||||||||||
€ in thousands | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | ||||||||||
Segment revenue | 704,263 | 735,341 | 697,477 | 526,750 | - | - | (87,703) | (65,371) | 1,314,037 | 1,196,719 | ||||||||||
thereof internal revenue | 10,728 | 1,431 | 76,975 | 63,941 | - | - | (87,703) | (65,371) | - | - | ||||||||||
thereof external revenue | 693,535 | 733,910 | 620,502 | 462,809 | - | - | - | - | 1,314,037 | 1,196,719 | ||||||||||
Operating result before depreciation/amortization (EBITDA) | 143,767 | 154,930 | 162,120 | 87,119 | (9,061) | (10,347) | - | - | 296,826 | 231,702 | ||||||||||
Depreciation/amortization incl. appreciation | (70,985) | (79,141) | (183,202) | (147,348) | (8,650) | (6,563) | - | - | (262,837) | (233,052) | ||||||||||
Operating result (EBIT) | 72,782 | 75,790 | (21,082) | (60,229) | (17,711) | (16,911) | - | - | 33,989 | (1,350) | ||||||||||
Finance costs - net | (80,022) | (65,090) | ||||||||||||||||||
Loss before tax | (46,033) | (66,440) | ||||||||||||||||||
Income taxes | 6,730 | (28,868) | ||||||||||||||||||
Loss for the period | (39,303) | (95,308) | ||||||||||||||||||
Property, plant and equipment and intangible assets 1 | 429,977 | 490,851 | 2,604,968 | 2,774,290 | 80,064 | 88,501 | - | - | 3,115,009 | 3,353,642 | ||||||||||
Additions to property, plant and equipment and intangible assets | 35,289 | 40,630 | 55,405 | 254,732 | 2,377 | 23,025 | - | - | 93,071 | 318,387 | ||||||||||
Non-recurring items | (1,933) | (4,358) | - | (3,889) | - | - | - | (10,180) | ||||||||||||
1Actual values as of December 31, 2025, previous year values as of March 31, 2025 | ||||||||||||||||||||
INFORMATION BY GEOGRAPHIC REGION
Revenues broken down by customer region, based on customer's headquarters:
€ in thousands | Apr 1 - Dec 31, 2025 | Apr 1 - Dec 31, 2024 | ||
Austria | 10,310 | 11,625 | ||
Germany | 124,010 | 104,938 | ||
Other European countries | 49,744 | 73,763 | ||
China | 7,116 | 18,132 | ||
Other Asian countries | 69,624 | 65,457 | ||
Americas | 1,053,233 | 922,804 | ||
Revenue | 1,314,037 | 1,196,719 |
Property, plant and equipment and intangible assets broken down by domicile:
€ in thousands | Dec 31, 2025 | Mar 31, 2025 | ||
Austria | 699,429 | 725,667 | ||
Malaysia | 1,211,442 | 1,188,107 | ||
China | 1,181,941 | 1,414,633 | ||
Others | 22,197 | 25,235 | ||
Property, plant and equipment and intangible assets | 3,115,009 | 3,353,642 |
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No responsibility accepted for errors or omissions. Published on February 3, 2026
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