Kontron AG / AT0000A0E9W5
03.05.2024 - 07:04:44Kontron AG in Q1: Strategic Transformation Approaching Completion
| Kontron AG / Key word(s): Quarter Results/Quarterly / Interim Statement 03.05.2024 / 07:04 CET/CEST The issuer is solely responsible for the content of this announcement. 36% revenue growth: EUR 356 million compared to EUR 262 million in Q1 2023 First-time consolidation of Katek as of March 1, 2024, contributes EUR 54 million to revenues Strong gross margin of 41.3% in the 1st quarter EUR 35.4 million EBITDA vs. 29.6 million in the same quarter of the previous year Outlook for 2024 strong with 33% profit growth Linz, 03.05.2024: Kontron AG, a leading global provider of IoT technology, today announced its results for the first quarter of 2024. For the first time, Katek is included for 1 month. Revenues increased by 35.9% to EUR 356.1 million (previous year: EUR 262.0 million), of which EUR 54.1 million came from Katek. The gross margin was very strong at 41.3% and is the result of the strategic realignment towards IoT. In the first quarter, 50% of EBITDA was already generated in the Software & Solutions segment with an EBITDA margin of 19.5%. The overall EBITDA amounted to EUR 35.4 million (+19.6%). Adjusted for one-off effects and M&A costs, EBITDA amounted to EUR 39.2 million, an increase of 33% from the previous year. Consolidated net profit amounted to EUR 16.3 million (previous year: EUR 16.6 million) and was also influenced by these one-off effects. With the acquisition of Katek, total assets have reached a new level of EUR 1,884 million with EUR 670 million in equity (Dec 2023: 1,371 million with 604 million in equity). Equity thus increased by 11% in the first quarter alone. The cash position of EUR 356 million demonstrates solid financing even after the acquisition of Katek. The operating cash flow amounted to EUR -10.7 million, or EUR 23.8 million adjusted for the reduced factoring and a deferral effect for 2023. The order backlog rose to EUR 1,842 million in the last 12 months after EUR 1,573 million, including EUR 140 million from Katek. Kontron is therefore on course for another strong year. Before the strategic realignment in 2021, the IoT segment's consolidated net income was still EUR 31 million (including the sold IT activities, consolidated net income amounted to EUR 49 million at that time) and more than doubled to EUR 75 million in 2023 as a result of the realignment as an IoT provider. "In 2024, the focus will be on integrating Katek and increasing profitability," says Hannes Niederhauser, CEO of Kontron AG. "We can integrate our existing IoT software susietec®, KontronOS, and Kontron Grid very easily into the Katek products and thus significantly improve customer benefits through new functions. Against this background, we expect another strong increase in net profit by 33% to EUR 100 million in 2024 with consolidated revenue of at least EUR 1.9 billion. EBITDA is even expected to increase by around 50% to EUR 190 million." Über Kontron Die Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) ist ein führendes IoT-Technologieunternehmen. Seit mehr als 20 Jahren unterstützt Kontron Unternehmen aus den unterschiedlichsten Branchen dabei, mit intelligenten Lösungen wirtschaftliche Ziele zu erreichen. Von automatisierten industriellen Abläufen, intelligenterem und sicherem Transportwesen bis hin zu fortschrittlichen Kommunikations-, Konnektivitäts-, Medizin- und Energielösungen bietet das Unternehmen seinen Kunden wertschöpfende Technologien. Mit der Übernahme der Katek SE Anfang 2024 stärkt Kontron das Portfolio durch die neue Division GreenTec mit den Bereichen Solarenergie und eMobility maßgeblich und beschäftigt rund 8.000 Mitarbeiterinnen und Mitarbeiter in mehr als 20 Ländern weltweit. Kontron ist im SDAX® sowie TecDAX® der Deutschen Börse gelistet. Folgen Sie Kontron: Kontron auf LinkedIn Aktuelle Informationen zu Kontron finden Sie auch im offiziellen Blog Medienkontakte Barbara Jeitler Kontron AG – Investor Relations Tel: +43 (1) 80191 1199 ir@kontron.com Alexandra Kentros Kontron AG - Communications Tel: +49 151 151 9388 149 group-pr@kontron.com Copyright © 2024 Kontron. Alle Rechte vorbehalten. Alle Angaben dienen ausschließlich Informationszwecken und haben keine rechtliche Verbindlichkeit. Die Informationen wurden sorgfältig gepru?ft und sind nach bestem Wissen und Gewissen erstellt worden. Es wird jedoch keine Verantwortung fu?r Ungenauigkeiten u?bernommen. 03.05.2024 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 | |
| 4020 Linz | |
| Austria | |
| Phone: | +43 (732) 7664 - 0 |
| E-mail: | ir@kontron.com |
| 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: | 1894661 |
| End of News | EQS News Service |
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