DGAP-Adhoc: Kontron AG's double-digit growth continues:
28.04.2008
Kontron AG / Quarter Results
28.04.2008
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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? Q1 revenue up by over 10 percent to EUR 106 million
? Faster rate of net income by over 38 percent to EUR 6.8 million
? Record level in order backlog confirms growth targets
Eching, Munich, April 28, 2008. Kontron AG continued its profitable growth
path in the first quarter of 2008, generating EUR 105.9 million of sales.
This represents nominal growth of over 10 percent compared with the same
period of the previous year (EUR 95.9 million). When adjusted for
exchange-rate losses precipitated by the sharp decline in the US dollar,
organic growth was around 20 percent. Kontron is consequently the company
reporting the fastest rate of organic growth in the embedded computer
sector. Particularly strong drivers of growth in the first quarter were
once again Europe and the emerging markets, including Russia and China.
While the disposal of the mobile product area had an impact on revenue
growth in the United States, Kontron was unable to detect any decline due
to the US financial crisis. We achieved a further significant expansion of
our profit margin, in line with the forecasts and targets we set for the
2008 financial year. Operating earnings (EBIT) grew even by over 30
percent, rising from EUR 6.7 million in the first quarter of 2007 to EUR
8.7 million in the first quarter of 2008. First-quarter net income
consequently rose from EUR 4.9 million to EUR 6.8 million. Order backlog
reached a record level of EUR 310 million, order income and design wins had
a strong increase again.
Despite ongoing uncertainties in financial markets, the Management Board of
Kontron AG assumes it will achieve the targets it set for 2008 of
double-digit organic revenue growth, accompanied by an even faster rate of
operational earnings growth, due to the good results in the first quarter
and the company's high degree of diversification in regional and vertical
markets, as well as its breadth of technology.
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.+4989-8935633,Fax:+4989-89398429
Email : info@engel-zimmermann.de
28.04.2008 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
28.04.2008
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.
=--------------------------------------------------------------------------
? Q1 revenue up by over 10 percent to EUR 106 million
? Faster rate of net income by over 38 percent to EUR 6.8 million
? Record level in order backlog confirms growth targets
Eching, Munich, April 28, 2008. Kontron AG continued its profitable growth
path in the first quarter of 2008, generating EUR 105.9 million of sales.
This represents nominal growth of over 10 percent compared with the same
period of the previous year (EUR 95.9 million). When adjusted for
exchange-rate losses precipitated by the sharp decline in the US dollar,
organic growth was around 20 percent. Kontron is consequently the company
reporting the fastest rate of organic growth in the embedded computer
sector. Particularly strong drivers of growth in the first quarter were
once again Europe and the emerging markets, including Russia and China.
While the disposal of the mobile product area had an impact on revenue
growth in the United States, Kontron was unable to detect any decline due
to the US financial crisis. We achieved a further significant expansion of
our profit margin, in line with the forecasts and targets we set for the
2008 financial year. Operating earnings (EBIT) grew even by over 30
percent, rising from EUR 6.7 million in the first quarter of 2007 to EUR
8.7 million in the first quarter of 2008. First-quarter net income
consequently rose from EUR 4.9 million to EUR 6.8 million. Order backlog
reached a record level of EUR 310 million, order income and design wins had
a strong increase again.
Despite ongoing uncertainties in financial markets, the Management Board of
Kontron AG assumes it will achieve the targets it set for 2008 of
double-digit organic revenue growth, accompanied by an even faster rate of
operational earnings growth, due to the good results in the first quarter
and the company's high degree of diversification in regional and vertical
markets, as well as its breadth of technology.
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.+4989-8935633,Fax:+4989-89398429
Email : info@engel-zimmermann.de
28.04.2008 Financial News transmitted by DGAP
=--------------------------------------------------------------------------
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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