DGAP-Adhoc: Kontron AG reports strong growth in sales and earnings
28.07.2008
Kontron AG / Quarter Results
28.07.2008
Release 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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? Record sales of EUR 126.7 million in the second quarter
? Currency-adjusted growth of 23 percent in the first half of the year
? First-half earnings climb 24 percent to EUR 16 million
? 2008 sales and earnings forecasts confirmed
Eching, Munich, July 28, 2008. In the second quarter, Kontron AG once again
exceeded the growth rates of the first three months of the 2008 financial
year, and achieved the highest quarterly sales in the company's history, at
EUR 126.7 million. This growth was consequently ahead of expectations. It
represents a nominal increase of 13.5 percent compared with the prior year
period (EUR 111.7 million), and growth was even as high as 25 percent on a
currency-adjusted basis. This means 2008 first-half sales amounted to EUR
232.6 million, compared with EUR 207.6 million in the previous year's first
half. This is equivalent to an increase of 12 percent, and 23 percent when
adjusted to reflect exchange-rate movements. The order book also continued
to rise, despite the high level of sales growth. At EUR 307 million, it was
up 19.5 percent compared with the previous year period (EUR 256.7 million).
Here too, currency-adjusted growth of 31 percent was much higher. As was
the case with sales and the order book, design wins, which are also
important for the medium-term forecast, continued to rise. This figure
amounted to 223, compared with 162 in the previous year period, and, in
monetary terms, volume increased from EUR 129 million to EUR 151 million.
At EUR 12.8 million, second-quarter operating earnings rose 22.2 percent
compared with the previous year's figure (EUR 10.4 million). The EBIT
margin consequently climbed to 10.1 percent, compared with 9.3 percent in
the prior year period. EBIT in the first half of the year at Kontron AG
grew 25 percent to EUR 21.5 million, compared with EUR 17.2 million in the
first six months of 2007. Second-quarter earnings rose to EUR 9.2 million,
which corresponds to an increase of 15.8 percent compared with the previous
year period (EUR 7.9 million). Net earnings for the first of the year
consequently amounted to EUR 15.9 million, compared with EUR 12.8 million
in the first half of 2006. This represents an increase of 24.2 percent.
Operating cash flow, which amounted to EUR 5.3 million minus in the first
quarter, was burdened by the integration of the French company Thales
Computers. It rose to EUR 11 million in the second quarter again. The
payment of the dividend for the 2007 financial year, and share repurchases,
reduced the cash position from EUR 57.1 million in the first quarter to EUR
49 million at the end of the second quarter. This means that, from today's
perspective, the Executive Board of Kontron AG can fully confirm the sales
and earnings forecasts for the 2008 financial year: (currency-adjusted)
double-digit sales growth, accompanied by a rate of earnings growth that
outstrips that of sales.
Investor Relations: For 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,
Tel+498165/77212,Fax+498165/77222 D-82131 Gauting
Email: Gaby.Moldan@kontron.com Tel.+49 89-8935633,Fax:+4989-89 398429
Email : info@engel-zimmermann.de
28.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Deutschland
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, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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Kontron AG / Quarter Results
28.07.2008
Release 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.
=--------------------------------------------------------------------------
? Record sales of EUR 126.7 million in the second quarter
? Currency-adjusted growth of 23 percent in the first half of the year
? First-half earnings climb 24 percent to EUR 16 million
? 2008 sales and earnings forecasts confirmed
Eching, Munich, July 28, 2008. In the second quarter, Kontron AG once again
exceeded the growth rates of the first three months of the 2008 financial
year, and achieved the highest quarterly sales in the company's history, at
EUR 126.7 million. This growth was consequently ahead of expectations. It
represents a nominal increase of 13.5 percent compared with the prior year
period (EUR 111.7 million), and growth was even as high as 25 percent on a
currency-adjusted basis. This means 2008 first-half sales amounted to EUR
232.6 million, compared with EUR 207.6 million in the previous year's first
half. This is equivalent to an increase of 12 percent, and 23 percent when
adjusted to reflect exchange-rate movements. The order book also continued
to rise, despite the high level of sales growth. At EUR 307 million, it was
up 19.5 percent compared with the previous year period (EUR 256.7 million).
Here too, currency-adjusted growth of 31 percent was much higher. As was
the case with sales and the order book, design wins, which are also
important for the medium-term forecast, continued to rise. This figure
amounted to 223, compared with 162 in the previous year period, and, in
monetary terms, volume increased from EUR 129 million to EUR 151 million.
At EUR 12.8 million, second-quarter operating earnings rose 22.2 percent
compared with the previous year's figure (EUR 10.4 million). The EBIT
margin consequently climbed to 10.1 percent, compared with 9.3 percent in
the prior year period. EBIT in the first half of the year at Kontron AG
grew 25 percent to EUR 21.5 million, compared with EUR 17.2 million in the
first six months of 2007. Second-quarter earnings rose to EUR 9.2 million,
which corresponds to an increase of 15.8 percent compared with the previous
year period (EUR 7.9 million). Net earnings for the first of the year
consequently amounted to EUR 15.9 million, compared with EUR 12.8 million
in the first half of 2006. This represents an increase of 24.2 percent.
Operating cash flow, which amounted to EUR 5.3 million minus in the first
quarter, was burdened by the integration of the French company Thales
Computers. It rose to EUR 11 million in the second quarter again. The
payment of the dividend for the 2007 financial year, and share repurchases,
reduced the cash position from EUR 57.1 million in the first quarter to EUR
49 million at the end of the second quarter. This means that, from today's
perspective, the Executive Board of Kontron AG can fully confirm the sales
and earnings forecasts for the 2008 financial year: (currency-adjusted)
double-digit sales growth, accompanied by a rate of earnings growth that
outstrips that of sales.
Investor Relations: For 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,
Tel+498165/77212,Fax+498165/77222 D-82131 Gauting
Email: Gaby.Moldan@kontron.com Tel.+49 89-8935633,Fax:+4989-89 398429
Email : info@engel-zimmermann.de
28.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Deutschland
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, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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