AT&S tactics aid sales.VIENNA Vienna, city and province, Austria Vienna (vēĕn`ə), Ger. Wien, city and province (1991 pop. 1,539,848), 160 sq mi (414 sq km), capital and largest city of Austria and administrative seat of Lower Austria, NE Austria, on -- AT&S reported better than expected Q1 results, causing the company to revise its yearly forecast. For the first time in its history, AT&S broke the barrier of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 100 million sales in a quarter, with revenues of EUR 105 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $133.97 million). Profit for the quarter was also better than expected, climbing about 5% to just under EUR 7 million (USD $8.92 million). "We are more than satisfied with this quarter," AT&S CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Harald Sommerer said of the results. "We have exceeded all expectations, despite the start-up Start-up The earliest stage of a new business venture. costs for the second facility in China and the initial consolidation of Tofic of Korea." In addition to its core business of manufacturing PCBs, AT&S has also recorded initial successes in its new trading and assembly operations. The forecast for the year has been revised with revenues now budgeted to improve to EUR 470 million (USD $598.97 million) from EUR 455 million (USD $579.85 million) year-on-year. |
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