PRESS RELEASE: Kontron AG generates around EUR 160 million of revenue in the fourth quarter
14.01.2011
DGAP-News: Kontron AG / Key word(s): Miscellaneous
Kontron AG generates around EUR 160 million of revenue in the fourth
quarter
14.01.2011 / 21:02
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2010 consolidated revenue anticipated at over EUR 500 million / Positive
net cash position as of December 31, 2010 / Warburg Pincus raises stake to
10.003 percent
Eching near Munich, January 14, 2011. Kontron AG, a globally leading
provider of embedded computer systems, generated revenue of around EUR 160
million in the fourth quarter of 2010 financial year. This corresponds to
nominal growth of approximately 19 percent compared with the same period of
the previous year (EUR 135 million). An EBIT margin of around 7 percent is
forecast for the fourth quarter when taking restructuring costs that have
been incurred into account. Consolidated revenue of more than EUR 500
million is anticipated for the full 2010 financial year due to the positive
trend in the second half of 2010. The growth during the fourth quarter
resulted in no further burden on the Kontron Group's liquidity, resulting
in an expected positive net cash position as of the year-end.
Kontron CEO Ulrich Gehrmann expects revenue in excess of EUR 540 million
for the current financial year: 'In view of the recovery during the second
half of the year, and the order book position of more than EUR 440 million,
we are anticipating continued growth during 2011.' EBIT margins of between
8 and 9 percent are achievable in line with trends in sales and procurement
markets, Gehrmann notes.
According to a further announcement, Warburg Pincus, one of the world's
leading private equity companies, is topping up its stake in Kontron from
8.8 to 10.003 percent, via its subsidiary WP International II Sarl. 'We
regard this step as a reflection of our long-term commitment and belief in
the company,' explained Lars Singbartl, Managing Director & Partner at
Warburg Pincus. According to Kontron CEO Gehrmann, Kontron welcomes the
renewed investment in the company's continued growth, and looks forward to
further cooperation with Warburg Pincus.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Unternehmensberatung für Kommunikation
85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: 08165/77212, Fax 08165/77222 82131 Gauting
Tel: 089-89 35 633, Fax: 089-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
End of Corporate News
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14.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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109099 14.01.2011
DGAP-News: Kontron AG / Key word(s): Miscellaneous
Kontron AG generates around EUR 160 million of revenue in the fourth
quarter
14.01.2011 / 21:02
=--------------------------------------------------------------------
2010 consolidated revenue anticipated at over EUR 500 million / Positive
net cash position as of December 31, 2010 / Warburg Pincus raises stake to
10.003 percent
Eching near Munich, January 14, 2011. Kontron AG, a globally leading
provider of embedded computer systems, generated revenue of around EUR 160
million in the fourth quarter of 2010 financial year. This corresponds to
nominal growth of approximately 19 percent compared with the same period of
the previous year (EUR 135 million). An EBIT margin of around 7 percent is
forecast for the fourth quarter when taking restructuring costs that have
been incurred into account. Consolidated revenue of more than EUR 500
million is anticipated for the full 2010 financial year due to the positive
trend in the second half of 2010. The growth during the fourth quarter
resulted in no further burden on the Kontron Group's liquidity, resulting
in an expected positive net cash position as of the year-end.
Kontron CEO Ulrich Gehrmann expects revenue in excess of EUR 540 million
for the current financial year: 'In view of the recovery during the second
half of the year, and the order book position of more than EUR 440 million,
we are anticipating continued growth during 2011.' EBIT margins of between
8 and 9 percent are achievable in line with trends in sales and procurement
markets, Gehrmann notes.
According to a further announcement, Warburg Pincus, one of the world's
leading private equity companies, is topping up its stake in Kontron from
8.8 to 10.003 percent, via its subsidiary WP International II Sarl. 'We
regard this step as a reflection of our long-term commitment and belief in
the company,' explained Lars Singbartl, Managing Director & Partner at
Warburg Pincus. According to Kontron CEO Gehrmann, Kontron welcomes the
renewed investment in the company's continued growth, and looks forward to
further cooperation with Warburg Pincus.
Investor Relations: Further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Unternehmensberatung für Kommunikation
85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel: 08165/77212, Fax 08165/77222 82131 Gauting
Tel: 089-89 35 633, Fax: 089-89 39 84 29
E-mail: Gaby.Moldan@kontron.com E-mail: info@engel-zimmermann.de
End of Corporate News
=--------------------------------------------------------------------
14.01.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------
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
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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109099 14.01.2011
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