AT&S announces EUR 350 million bond redemption. AT&S stock sits 44.07 percent below its 52-week high

Published on 10/26/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal year 2025/26 net sales reached EUR 1.79 billion, 0.39 percent above forecast. AT&S stock costs EUR 137.60 on October 26, 2026, 0.73 percent above the Xetra close.

Bond redemption and earnings dates

AT&S announced an EUR 350 million hybrid bond redemption on October 8, 2026.
Fiscal year 2025/26 net sales reached EUR 1.79 billion, 0.39 percent above forecast.
AT&S stock trades at EUR 137.60 at 9:35 a.m. CEST at Lang & Schwarz on October 26, 2026, 0.73 percent above the Xetra close of October 23, 2026.
The next earnings release is scheduled for November 5, 2026.

At&S, AT0000969985, Illustration mit AI erstellt.

AT&S (ISIN AT0000969985) announced on October 8, 2026 that it would redeem its EUR 350 million 2022 hybrid bond on October 22. At 9:35 a.m. CEST on October 26, the stock was at EUR 137.60 at Lang & Schwarz, 0.73 percent above the Xetra close of October 23, 2026 at EUR 136.60.

EUR 350 million refinancing decision

The redemption is the latest concrete step in AT&S's financing plan. According to AT&S, the bond was to be repaid at par plus accrued interest, funded from existing liquidity. The company said the new hybrid convertible bond carries a coupon 50 percent below that of the 2022 instrument, which should reduce recurring financing costs.

The financial effect matters because the redemption changes the cost structure rather than adding a new operating contract. AT&S develops high-end IC substrates and complex printed circuit boards for AI infrastructure, high-performance computing, mobile devices, automotive, aerospace, industrial and medical applications, according to its investor information.

What does the earnings trend show?

AT&S reported fiscal year 2025/26 net sales of EUR 1,791.00 million against a EUR 1,784.00 million forecast, a 0.39 percent positive variance, in the financial data published by MarketScreener. The same calendar lists first-quarter fiscal 2026/27 net sales at EUR 549.00 million, giving the refinancing story an operating-growth backdrop.

Three dates set the chronology

On May 20, 2026, AT&S's fiscal year 2025/26 results showed EUR 1,791.00 million in net sales. On August 4, 2026, first-quarter fiscal 2026/27 net sales were listed at EUR 549.00 million. On October 8, 2026, the company announced the EUR 350 million hybrid bond redemption through its official release.

When are the next results due?

The next earnings release is scheduled for November 5, 2026, followed by a further release on February 2, 2027, according to MarketScreener. Those dates give investors the next checkpoints for revenue growth, financing costs and the pace of the company's investment program.

Analyst targets remain wide

Deutsche Bank raised its AT&S price target from EUR 320.00 to EUR 380.00 while maintaining a Buy rating, as reported by Borse Express on October 9, 2026. The target range shows why execution and valuation remain central to the stock story, even as the refinancing lowers a recurring financing burden.

Stock price and investor context

AT&S stock sits 44.07 percent below the EUR 246.00 52-week high cited for October 23, 2026. The current euro quotation is modestly above the Xetra reference close, while the next results date places operating performance back at the center of the investment case.

AT&S was trading at EUR 137.60 at Lang & Schwarz on October 26, 2026 at 9:35 a.m. CEST, up 0.73 percent versus the Xetra close of October 23, 2026 at EUR 136.60. The further course of trading is shown by the continuously updated real-time quote of AT&S stock.