DGAP-Adhoc: Kontron AG continues to meet revenue and earnings expectations in the third quarter
25.10.2011
Kontron AG / Key word(s): Quarter Results
25.10.2011 06:34
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* 22 percent revenue growth in the first nine months of 2011 to EUR 424
million
* EBIT rises to EUR 29.7 million after the first three quarters
* Earnings per share climb to 35 euro cents
Eching, Munich, October 25, 2011.
Kontron AG continued to report double-digit growth in the third quarter of
the current financial year. Revenue of EUR 148.2 million was up by almost
12 percent on the prior-year period (EUR 132.9 million). The Group has
thereby generated EUR 423.5 million in the first nine months of this
financial year, compared with EUR 346.7 million in the previous-year
period, representing an approximately 22 percent increase. Emerging markets
delivered the strongest growth-drivers in the third quarter in terms of
both revenue and earnings, although significant growth rates were also
achieved in Europe. By contrast, the North American market reported
relatively weak trends, where we are increasingly experiencing
postponements to orders that have impacts on both operating earnings and
working capital.
The order book position continues to be on a high level (EUR 411.3
million). Design wins remain at a good standard with EUR 231.9 million at
the end of the third quarter.
The third-quarter operating earnings result was burdened by declines in the
high-margin infrastructure business, particularly in America. Operating
profit (EBIT) nevertheless amounted to EUR 11 million in the third quarter,
36 percent ahead of the prior-year period (EUR 8.1 million). Net income for
the quarter stood at EUR 7.2 million (previous year: EUR 5.6 million). As a
consequence, Kontron achieved operating earnings of EUR 29.7 million in the
first three quarters of the current financial year, and net income of EUR
20.1 million. During the first nine months of the current financial year,
the Group has thereby already exceeded the previous year's full-year result
(when adjusted to reflect the risk provision for Malaysia in 2010).
Earnings per share increased to EUR 0.35 as of September 30, 2011, due to
the earnings growth.
Operating cash flow was up by EUR 3.7 million in the third quarter
(previous year: EUR -1.3 million) to reach a total of EUR 10.4 million
during the first nine months (previous-year period: EUR -8.4 million).
With a look to the fourth quarter, Kontron AG anticipates a good level of
revenue in connection with a more unfavorable margin mix. This is due to
postponements as well as potential cancellations, predominantly in the
infrastructure area, as a consequence of the increasingly tense financial
and economic situation. The Management Board continues to adopt a positive
view of the medium- and long-term trend in view of the Group's good level
of design wins and continued high order book position.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Phone: +49 (0) 8165/77212
Fax: +49 (0) 8165/77222 D-82131 Gauting
Phone: +49 (0) 89-89 35 633,
Fax: +49 (0) 89-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
25.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Germany
Phone: 08165-77-225
Fax: 08165-77-222
E-mail: martin.przybyla@kontron.com
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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Kontron AG / Key word(s): Quarter Results
25.10.2011 06:34
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
* 22 percent revenue growth in the first nine months of 2011 to EUR 424
million
* EBIT rises to EUR 29.7 million after the first three quarters
* Earnings per share climb to 35 euro cents
Eching, Munich, October 25, 2011.
Kontron AG continued to report double-digit growth in the third quarter of
the current financial year. Revenue of EUR 148.2 million was up by almost
12 percent on the prior-year period (EUR 132.9 million). The Group has
thereby generated EUR 423.5 million in the first nine months of this
financial year, compared with EUR 346.7 million in the previous-year
period, representing an approximately 22 percent increase. Emerging markets
delivered the strongest growth-drivers in the third quarter in terms of
both revenue and earnings, although significant growth rates were also
achieved in Europe. By contrast, the North American market reported
relatively weak trends, where we are increasingly experiencing
postponements to orders that have impacts on both operating earnings and
working capital.
The order book position continues to be on a high level (EUR 411.3
million). Design wins remain at a good standard with EUR 231.9 million at
the end of the third quarter.
The third-quarter operating earnings result was burdened by declines in the
high-margin infrastructure business, particularly in America. Operating
profit (EBIT) nevertheless amounted to EUR 11 million in the third quarter,
36 percent ahead of the prior-year period (EUR 8.1 million). Net income for
the quarter stood at EUR 7.2 million (previous year: EUR 5.6 million). As a
consequence, Kontron achieved operating earnings of EUR 29.7 million in the
first three quarters of the current financial year, and net income of EUR
20.1 million. During the first nine months of the current financial year,
the Group has thereby already exceeded the previous year's full-year result
(when adjusted to reflect the risk provision for Malaysia in 2010).
Earnings per share increased to EUR 0.35 as of September 30, 2011, due to
the earnings growth.
Operating cash flow was up by EUR 3.7 million in the third quarter
(previous year: EUR -1.3 million) to reach a total of EUR 10.4 million
during the first nine months (previous-year period: EUR -8.4 million).
With a look to the fourth quarter, Kontron AG anticipates a good level of
revenue in connection with a more unfavorable margin mix. This is due to
postponements as well as potential cancellations, predominantly in the
infrastructure area, as a consequence of the increasingly tense financial
and economic situation. The Management Board continues to adopt a positive
view of the medium- and long-term trend in view of the Group's good level
of design wins and continued high order book position.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Phone: +49 (0) 8165/77212
Fax: +49 (0) 8165/77222 D-82131 Gauting
Phone: +49 (0) 89-89 35 633,
Fax: +49 (0) 89-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
25.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Germany
Phone: 08165-77-225
Fax: 08165-77-222
E-mail: martin.przybyla@kontron.com
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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