Kontron AG / Final Results
24.03.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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* EBIT climbs to EUR 48.3 million, earnings per share up from 60 cents to
69 cents
* Solid financial position: cash position of EUR 53.1 million, operating
cash flow of EUR 27.5 million, and equity ratio of 73.1 percent
* Continued profitability in a difficult environment
Eching, Munich, March 24, 2009. TecDAX-listed Kontron AG brought the 2008
financial year to a successful conclusion despite the global financial and
economic crisis, generating double-digit revenue growth and an even faster
rise in profitability. Consequently, the company has continued along the
profitable growth path of recent years. Kontron AG's total revenue rose to
EUR 496.9 million compared with EUR 446.5 million in the previous year.
This corresponds to an 11 percent growth rate. In the fourth quarter alone,
a new record level of EUR 141 million was achieved. The order backlog had
climbed to EUR 291.4 million by the end of the year (previous year: EUR
267.9 million), and design wins, with a volume of EUR 317.1 million,
reached a new record level (previous year: EUR 273.3 million). Operating
earnings (EBIT) rose to EUR 48.3 million compared with EUR 46.3 million in
the previous year. This resulted in an EBIT margin slightly below 10
percent. High one-off extraordinary effects arising from the sale of the
Mobile Computer division, and the acquisition of PLG, which together
amounted to almost EUR 7 million in 2007, should be taken into account when
drawing a comparison with the previous year's result. EBIT operating
earnings rose by around 18 percent year-on-year when adjusted for this
factor. Net income came in at EUR 36.3 million compared with EUR 32.6
million in the previous year. Here too, extraordinary effects in the third
quarter of 2007 should be taken into account. Earnings per share rose 15
percent from 60 euro cents to 69 euro cents. The company regards itself as
enjoying a highly sound liquidity position, even in today's global economic
crisis, in view of its cash holdings of EUR 53.1 million and a positive net
cash position (after deducting liabilities to banks) of over EUR 41
million, in addition to an operating cash flow EUR 27.5 million and an
equity ratio of 73.1 percent (given total assets of EUR 396.8 million
compared with EUR 381.9 million in 2007), although precise forecasts are
difficult in the current environment. With a high degree of diversification
in application areas and products, the continuation of the Profit
Improvement Program, and the ongoing trend towards outsourcing on the part
of OEMs, Kontron AG is retaining its target of boosting its EBIT margin
from currently slightly below 10 percent to 12 percent by 2011.
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:+498165/77212Fax:+498165/77222 D-82131 Gauting
Email: Gaby.Moldan@kontron.com Tel:+4989-8935633,Fax:+4989-89398429
Email : info@engel-zimmermann.de
DGAP 24.03.2009
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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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DGAP-Adhoc: 2008 financial year: Kontron AG raises revenue and earnings
| Source: EQS Group AG