FILE PHOTO: The logo of Austrian maker of printed circuit boards (PCBs) AT&S is seen at its headquarters in Leoben, Austria, July 5, 2016. Picture taken July 5, 2016. REUTERS/Heinz-Peter Bader

VIENNA (Reuters) – Printed circuit boards maker AT&S said on Thursday that core profit and revenue in its current first quarter were on the previous year’s level after posting a 22% decline for the financial year due to investments in its expansion.

Earnings before interest, tax, depreciation and amortisation (EBITDA) reached 194.5 million euros ($210 million) on revenue of 1.0 billion euros in the business year through end-March.

The company, which produces circuit boards for smartphones and tablets and supplies firms such as Apple, Intel and major European auto suppliers, shied away from a forecast for the full year, saying it would provide one as soon as it was possible to better assess the economic environment.

Reporting by Kirsti Knolle; Editing by Michelle Martin

You May Also Like

Digital ad firm Taboola set to start trading following SPAC merger

Taboola founder and chief executive Adam Singolda Andreas Rentz | Getty Images…

Google asks some employees to share desks amid office downsizing

In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Alphabet CEO…

Attorney General Barr breaks with Trump, says SolarWinds hack ‘certainly appears to be the Russians’

US Attorney General William Barr participates in a news conference to provide…
Moto G04s With Unisoc T606 SoC, 50-Megapixel Rear Camera Launched: Price, Specifications

Moto G04s With Unisoc T606 SoC, 50-Megapixel Rear Camera Launched: Price, Specifications

Moto G04s has been unveiled in Germany. The company has quietly listed…