AT&S stock gains 4.64 percent ahead of EUR 350 million redemption

Published on 10/21/2026 at 10:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AT&S redeems a EUR 350 million bond on October 22, 2026. AT&S stock costs EUR 166.90 on October 21, 2026, 4.64 percent above Xetra.

Financing and earnings context

AT&S will redeem its EUR 350 million hybrid bond on October 22, 2026.
Revenue reached EUR 548.70 million in the first quarter of fiscal 2026/27, up 37.50 percent.
AT&S stock trades at EUR 166.90 at 10:10 a.m. CEST at Lang & Schwarz on October 21, 2026, 4.64 percent above the Xetra close of October 20, 2026.

At&S, AT0000969985, Illustration mit AI erstellt.

AT&S (ISIN AT0000969985) trades at EUR 166.90 at Lang & Schwarz on October 21, 2026, at 10:10 a.m. CEST, 4.64 percent above the Xetra close of October 20, 2026 at EUR 159.50. The company is preparing to redeem a EUR 350 million hybrid bond on October 22, 2026, according to AT&S.

Financing takes center stage

The redemption is scheduled for the first available call date and will be made at par plus accrued interest. AT&S said on October 8, 2026 that the new financing instrument carries a coupon approximately 50 percent lower than the 2022 hybrid bond, reducing recurring financing costs.

The refinancing matters because the company is investing heavily in capacity for high-end IC substrates and complex printed circuit boards. AT&S reported revenue of EUR 548.70 million for the first quarter of fiscal 2026/27, up 37.50 percent from the comparable period, while EBITDA rose to EUR 165.00 million and the EBITDA margin reached 30.10 percent, according to TickerGuard.

What does the redemption change?

The immediate change is financial rather than operational: EUR 350 million of hybrid debt will be retired, while the company says the transaction strengthens its liquidity and funding profile. AT&S also employed about 15,000 people as of October 8, 2026, and operates production sites in Austria, China, Malaysia and India.

Three dates shape the story

On June 13, 2026, AT&S raised its 2026/27 revenue-growth guidance to 45 to 55 percent and targeted an EBITDA margin of 32 to 37 percent, according to TickerGuard.

On September 22, 2026, the company announced a long-term agreement with Marvell Technology linked to its Kulim expansion, as reported by TickerGuard.

On October 8, 2026, AT&S announced the EUR 350 million early redemption, with the payment scheduled for October 22, 2026.

Dates investors can measure

The bond redemption is scheduled for October 22, 2026. The next half-year results are scheduled for November 5, 2026, according to TickerGuard. That report will provide the next quantified test of whether the first-quarter earnings improvement is continuing.

Stock rises ahead of the next test

For investors, the key contrast is between the strong first-quarter operating figures and the financing demands of expansion. The stock's EUR 166.90 quote is also below the 52-week high of EUR 242.00 reported for the Vienna listing, leaving the November results as the next major operating checkpoint.

AT&S was trading at EUR 166.90 at Lang & Schwarz on October 21, 2026 at 10:10 a.m. CEST, 4.64 percent above the Xetra close of October 20, 2026 at EUR 159.50. The further course of trading is shown by the continuously updated real-time quote of AT&S stock.