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

Tesla reports 1.31 million deliveries in 2022, growth of 40% over last year

In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla electric…
Google Begins Testing Wear OS 5.1 Based on Android 15 on Pixel Watch 2: Report

Google Begins Testing Wear OS 5.1 Based on Android 15 on Pixel Watch 2: Report

Google has commenced the testing of Wear OS 5.1, its upcoming operating…

The Facebook Oversight Board proved it’s not Mark Zuckerberg’s puppet — now it’s his move

In this article FB Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies…
Tesla stock drops 29% in first quarter as global dominance wanes

Tesla stock drops 29% in first quarter as global dominance wanes

A Tesla car is driven past a store of the electric vehicle…