Kontron AG
ISIN: AT0000A0E9W5
WKN: A0X9EJ
06 November 2024 07:00AM

EQS-News: Kontron: Significant increase in margins in first nine months of 2024 – continuing on growth path

Kontron AG · ISIN: AT0000A0E9W5 · EQS - Company News
Country: Austria · Primary market: Austria · EQS NID: 2023157

EQS-News: Kontron AG / Key word(s): 9 Month figures
Kontron: Significant increase in margins in first nine months of 2024 – continuing on growth path

06.11.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


November 6, 2024, Austria

  • EBITDA sees significant increase of 70.1%, reaching EUR 59.4 million in Q3 2024
  • Gross margin rises to 44.7% in Q3 2024 – transformation is showing results
  • Revenue surges by 44.9% in Q3 2024 to EUR 427.7 million
  • Order backlog rises to EUR 2,056 million with strong Book-to-Bill ratio of 1.21

Linz, November 6, 2024: Kontron AG, a global leader in IoT technology, today announced its results for the third quarter and the first nine months of the 2024 fiscal year. The company reported both revenue growth and a significant increase in earnings.

In the third quarter of 2024, Kontron achieved revenue growth of 44.9% to EUR 427.7 million (Q3 2023: EUR 295.1 million). EBITDA increased by 70.1% to a new record level of EUR 59.4 million (Q3 2023: EUR 34.9 million). The EBITDA margin rose again, reaching 13.9% (Q3 2023: 11.8%). The consolidated net profit after minority interests increased by 28.5% to EUR 24.4 million (Q3 2023: EUR 19.0 million).

The positive earnings development particularly highlights the growth in the Software + Solutions segment within the Group and Kontron’s transformation into a technology leader, as evidenced by the growth in the gross margin. This reached 44.7% in the third quarter of 2024, compared to 42.5% in the second quarter of 2024, and 40.1% in the same quarter last year.

Operating cash flow amounted to EUR 19.6 million in the third quarter (Q3 2023: EUR 26.8 million). However, factoring was reduced once again. The adjusted operating cash flow adjusted accordingly increased to EUR 27.9 million. The order backlog rose to EUR 2,056 million as of September 30, 2024, setting a new record compared to the level of EUR 1,686.2 million as of December 31, 2023. The Book-to-Bill ratio in the third quarter was a very robust 1.21.

Looking at the first nine months of the 2024 fiscal year, the positive development in the third quarter of 2024 resulted in revenue of EUR 1,207.7 million, reflecting growth of 44.7% compared to the previous year’s figure of EUR 834.4 million. EBITDA for the 9-month period in 2024 reached EUR 141.4 million, an increase of 47.5% over the previous year’s value (9M 2023: EUR 95.9 million). Consolidated net profit after minority interests rose to EUR 62.3 million after nine months of the current year (9M 2023: EUR 54.6 million), or EUR 1.01 per share (9M 2023: EUR 0.86 per share). Operating cashflow was EUR 2.8 million and, adjusted for the reduced factoring, even reached EUR 68.8 million compared to EUR 34.1 million in the same period last year.

Hannes Niederhauser, CEO of Kontron AG, said: “The successful first nine months of the year show that we have not overpromised with our 2024 forecast. The integration of Katek is progressing as planned and is nearly complete. The consistent focus on technology, combined with the reduction in unprofitable orders, is leading to significantly higher margins: Now at 44.7% in the third quarter. In light of the successful business growth in the first nine months of 2024 and strong demand, Kontron confirms its earnings target of EUR 190 million EBITDA in 2024 (up by 50% compared to 2023). The high order backlog also ensures the continuation of the growth path into 2025.”

The 9-month report is available on our website.

 

About Kontron

Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, connectivity, medical, and energy solutions, the company delivers technologies that add value for its customers. With the acquisition of Katek SE in early 2024, Kontron has significantly strengthened its portfolio with the new GreenTec division, focusing on solar energy and eMobility, and employs around 8,000 employees in over 20 countries worldwide. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange.

 

Follow Kontron:

  • Kontron on LinkedIn
  • Find the latest information on Kontron in the official Blog

Media Contacts

Leon-Philipp Kleiss

Kontron AG – Investor Relations

Tel: +43 664 60191 5153

ir@kontron.com

Alexandra Kentros

Kontron AG – Communications

Tel: +49 151 151 9388 149

group-pr@kontron.com

 

All rights reserved. Kontron is a trademark or registered trademark of Kontron Europe GmbH. All other brand or product names are trademarks or registered trademarks or copyrights by their respective owners and are recognized. All data is for information purposes only and not guaranteed for legal purposes. Subject to change without notice. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.

 



06.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Kontron AG
Industriezeile 35
4020 Linz
Austria
Phone: +43 (732) 7664 - 0
E-mail: ir@kontron.com
Internet: https://www.kontron.com
ISIN: AT0000A0E9W5
WKN: A0X9EJ
Indices: SDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2023157

 
End of News EQS News Service

2023157  06.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 990,88 1.122,89 1.254,80 1.341,95 1.096,10 1.225,95 1.935,00
EBITDA1,2 90,55 111,71 130,04 126,27 69,99 126,02 163,00
EBITDA-Margin3 9,14 9,95 10,36 9,41 6,39 10,28 8,42
EBIT1,4 61,51 61,77 68,58 62,68 -2,02 86,48 111,00
EBIT-Margin5 6,21 5,50 5,47 4,67 -0,18 7,05 5,74
Net Profit (Loss)1 48,46 49,51 54,62 48,96 231,88 78,12 100,00
Net-Margin6 4,89 4,41 4,35 3,65 21,16 6,37 5,17
Cashflow1,7 35,54 83,39 140,81 95,28 44,44 116,86 0,00
Earnings per share8 0,70 0,73 0,84 0,74 3,59 1,19 1,56
Dividend per share8 0,16 0,00 0,30 0,35 1,00 0,50 0,50
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Ernst & Young

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INVESTOR-INFORMATION
©boersengefluester.de
Kontron
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A0X9EJ AT0000A0E9W5 AG 1.209,52 Mio € 17.11.2000 Kaufen 8FWP8877+GG
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
8,61 21,34 0,40 18,14 2,14 10,35 0,99
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
1,00 0,50 0,50 2,64%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
11.06.2025 06.05.2025 06.08.2025 06.11.2024 27.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-2,57%
18,94 €
ATH 73,97 €
+11,19% +2,55% -11,99% -12,15% +11,41%

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