Kontron AG / AT0000A0E9W5

Q3 2023: Kontron’s strategic realignment is a resounding success

Kontron AG / Key word(s): 9 Month figures


03.11.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

---

03/11/2023 | Austria Significant results increase in the first nine months: EBITDA +40% to EUR 95.9 million Net income +70% to EUR 54.8 million Guidance 2023 for net profit increased from EUR >66 million to EUR >72 million Continuously strong growth in order intakes of EUR 356 million in Q3 Quadrupling of operating cash flow to EUR 26.8 million (Q3 2022: EUR 6.1 million) The new Kontron AG (https://www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) once again reports strong results in the third quarter of 2023. Revenue in Q3 increased by 14.4% to EUR 300.0 million (Q3 2022: EUR 262.4 million). The gross margin improved significantly to 39.4% (Q3 2022: 34.6%) while EBITDA underwent a very strong increase of 74.4% to EUR 34.9 million. (Q3 2022: EUR 20.0 million). Consolidated net income from continuing operations (after minority interests) attributable to Kontron shareholders rose from EUR 8.5 million in the same period of the previous year to EUR 19.0 million in the third quarter of 2023. The order intake of EUR 356 million and the resulting book-to-bill ratio of 1.19x show that demand for Kontron products, especially in the “Software + Solutions” segment, is growing significantly despite the current climate of recession. At EUR 26.8 million, operating cash flow could be quadrupled and continued the positive development of the first half of the year. In the same period of the previous year, operating cash flow was EUR 6.1 million. At the end of September 2023, Kontron still had a high level of liquidity of EUR 292 million. This was secured in the current financial year due to a positive operating cash flow and despite already repaying loans of over EUR 108 million, paying out a record dividend of EUR 63 million, and making several acquisitions. In the first nine months, revenue increased by a total of 14.0% to EUR 860.9 million compared to the same period of the previous year (1-9M 2022: EUR 755.0 million). The gross margin improved from 36.2% in the same period to 39.6% in the first nine months of 2023. EBITDA jumped by 39.9% to EUR 95.9 million (1-9M 2022: EUR 68.5 million), which corresponds to an EBITDA margin of 11.1%. Consolidated net income attributable to Kontron shareholders from continuing operations for the first nine months of 2023 amounted to EUR 52.8 million compared to EUR 24.3 million in the same period of 2022. Earnings per share (undiluted, including discontinued operations) increased significantly to 86 cents in the past nine-month period (1-9M 2022: 51 cents). Hannes Niederhauser, CEO of Kontron AG: “The strategic realignment of the new Kontron with its own technologies is a resounding success. Despite fears of recession, we recorded continuous growth in order intake in Q3 2023, which increased the order backlog to EUR 1,655 million. That is EUR 195 million more than at the beginning of the year. This means that all planned revenues and growth for 2024 are essentially already covered. With our new high security operating system KOS and solutions in the area of artificial intelligence (AI), growth will accelerate even further. Based on this very positive development, we are raising our outlook for net income for 2023 for the second time from EUR >66 million to EUR >72 million. This represents an increase of more than 30% compared to the previous year.”
  About Kontron Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, medical and energy solutions, the company delivers technologies that add value for its customers. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange and has around 4,700 employees with subsidiaries in more than 20 countries around the world.   Follow Kontron: Kontron on Twitter Kontron on LinkedIn News about Kontron can also be found on the official Kontron blog     Media Contact   Barbara Jeitler Kontron AG – Investor Relations Tel: [phone] [e-mail]   Alexandra Kentros Kontron AG - Communications Tel: [phone] [e-mail]   Jan Lauer Profil Marketing OHG Tel: [phone] [e-mail]     All rights reserved. Kontron is a trademark or registered trademark of Kontron AG. All data is for information purposes only and not guaranteed for legal purposes. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.  

---

03.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

---

Language:	English
Company:	Kontron AG
	Industriezeile 35
	4021 Linz
	Austria
Phone:	[phone] - 0
E-mail:	[e-mail]
Internet:	https://www.kontron.com
ISIN:	AT0000A0E9W5
WKN:	A0X9EJ
Indices:	SDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF)
EQS News ID:	1764105

End of News	EQS News Service

---

1764105  03.11.2023 CET/CEST