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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. =-------------------------------------------------------------------------- * 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 =-------------------------------------------------------------------------- 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 =--------------------------------------------------------------------------

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 =-------------------------------------------------------------------------- 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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