DGAP-Adhoc: Kontron expects sustained upturn in 2011
30.03.2011
Kontron AG / Key word(s): Final Results
30.03.2011 06:36
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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* First-quarter revenue expected to be up by around 30 percent to more than
EUR 120 million
* 2011 target EBIT margin of 8 to 9 percent
* FY 2010: revenue growth to EUR 509.5 million; EBIT at EUR -5.8 million
burdened by risk provision and restructuring; positive operating cash flow
and net cash position
Eching, Munich, March 30, 2011. In view of positive business trends,
Kontron AG expects 2011 first-quarter revenue to grow by around 30 percent
year-on-year to more than EUR 120 million (previous-year period: EUR 97.7
million). With a look to the full year, Kontron anticipates a revenue
increase up to EUR 550 million with an target EBIT margin of 8 to 9
percent.
In the 2010 financial year, continuous quarterly revenue growth fed through
to a full-year revenue total of EUR 509.5 million, compared with EUR 468.9
million in 2009. A new quarterly revenue record was achieved in the fourth
quarter at EUR 162.8 million (+20 percent compared with the prior-year
period).
Write-downs and other operating expenses were necessary due to the
suspected fraud case. These write-downs and other operating expenses
burdened EBIT to the tune of EUR 33.8 million. EBIT would otherwise have
amounted to about EUR 28 million, compared with EUR -5.8 million following
the write-down. Further items burdening EBIT included EUR 3.1 million of
restructuring expenses in North America and Europe.
Kontron AG's operating cash flow amounted to EUR 16.2 million in 2010,
compared with EUR 23.9 million in the previous year. The cash position
totaled EUR 57.2 million (previous year: EUR 80.2 million), and the net
cash position amounted to EUR 11.7 million at the year-end. Total assets
stood at EUR 515.6 million, compared with EUR 461.3 million in the previous
year. The equity ratio stood at 62.2 percent. The company employed 2,892
staff as of the year-end.
Investor Relations: For further information:
Gaby Moldan Dr. Udo Nimsdorf / Florian Bergmann
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: +49 (0)8165/77212,
Fax +49 (0)8165/77222 D-82131 Gauting
Tel: +49 (0)89-89 35 633, Fax: +49 (0)89-89 39
84 29
Email: Gaby.Moldan@kontron.com Email: f.bergmann@engel-zimmermann.de
30.03.2011 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
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, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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Kontron AG / Key word(s): Final Results
30.03.2011 06:36
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.
=--------------------------------------------------------------------------
* First-quarter revenue expected to be up by around 30 percent to more than
EUR 120 million
* 2011 target EBIT margin of 8 to 9 percent
* FY 2010: revenue growth to EUR 509.5 million; EBIT at EUR -5.8 million
burdened by risk provision and restructuring; positive operating cash flow
and net cash position
Eching, Munich, March 30, 2011. In view of positive business trends,
Kontron AG expects 2011 first-quarter revenue to grow by around 30 percent
year-on-year to more than EUR 120 million (previous-year period: EUR 97.7
million). With a look to the full year, Kontron anticipates a revenue
increase up to EUR 550 million with an target EBIT margin of 8 to 9
percent.
In the 2010 financial year, continuous quarterly revenue growth fed through
to a full-year revenue total of EUR 509.5 million, compared with EUR 468.9
million in 2009. A new quarterly revenue record was achieved in the fourth
quarter at EUR 162.8 million (+20 percent compared with the prior-year
period).
Write-downs and other operating expenses were necessary due to the
suspected fraud case. These write-downs and other operating expenses
burdened EBIT to the tune of EUR 33.8 million. EBIT would otherwise have
amounted to about EUR 28 million, compared with EUR -5.8 million following
the write-down. Further items burdening EBIT included EUR 3.1 million of
restructuring expenses in North America and Europe.
Kontron AG's operating cash flow amounted to EUR 16.2 million in 2010,
compared with EUR 23.9 million in the previous year. The cash position
totaled EUR 57.2 million (previous year: EUR 80.2 million), and the net
cash position amounted to EUR 11.7 million at the year-end. Total assets
stood at EUR 515.6 million, compared with EUR 461.3 million in the previous
year. The equity ratio stood at 62.2 percent. The company employed 2,892
staff as of the year-end.
Investor Relations: For further information:
Gaby Moldan Dr. Udo Nimsdorf / Florian Bergmann
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D-85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: +49 (0)8165/77212,
Fax +49 (0)8165/77222 D-82131 Gauting
Tel: +49 (0)89-89 35 633, Fax: +49 (0)89-89 39
84 29
Email: Gaby.Moldan@kontron.com Email: f.bergmann@engel-zimmermann.de
30.03.2011 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
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, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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