Kontron AG / Final Results
24.03.2010 06:33
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.
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* EBIT at EUR 30.1 million reflecting economic situation, earnings per
share 41 cents
* Solid financial position: cash position climbs to EUR 80 million,
operating cash flow of EUR 23.9 million, and equity ratio of 72 percent
* Tax-free dividend of 20 cents per share proposed
* Outlook: positive effects in second year-half from strong design wins and
order book position;
Eching, Munich, March 24, 2010. Despite difficult economic conditions,
TecDAX-listed Kontron AG reached the target of continuous profitability
that it had set itself at the start of 2009. Amidst a global financial and
economic crisis that affected Kontron's important mechanical engineering
sales market, a slight revenue decline from EUR 496.7 million to EUR 468.9
million was reported compared with the previous year (minus 6 percent). The
order book totaled EUR 306 million at the end of the year, compared with
EUR 291 million at the end of the previous year. The volume of design wins
climbed again to a historic record level of EUR 361 million. Operating
earnings (EBIT) were exposed to greater margin pressure, and fell from EUR
46.9 million to EUR 30.1 million. Net income amounted to EUR 21.9 million
compared with EUR 34.9 million in the previous year, and earnings per share
totaled 41 cents compared with 67 cents in 2008. With a cash position of
EUR 80 million (EUR 26 million more than in the previous year), operating
cash flow of EUR 23.9 million, and an equity ratio of 72 percent on total
assets of EUR 461.3 million (previous year: EUR 394.5 million), Kontron
commands a very solid liquidity position, and is ready to make further
strategic acquisitions. Management Board and Supervisory Board have decided
to recommend the Annual Shareholder Meeting on June 9, 2010, as in the last
two years, the distribution of a dividend of 20 cents per share.
With its broad diversification across application areas and products, the
continuation of its successful Profit Improvement Program (EUR 11 million
lower operating costs in 2009 alone), accompanied by the ongoing trend
among customers to outsource, Kontron AG is assuming that 2010 will be a
year of consolidation. The current high order book position will have a
positive impact in the second half of the year.
Note: previous year's figures following IAS 8.41f adjustment
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 FuÃberg, Am Schlosspark 15,
Tel:+498165/77212,Fax+498165/77222 D-82131 Gauting
Tel: +4989-89 35 633,
Fax: +4Ã89-89 39 84 29
Email: Gaby.Moldan@kontron.com Email: info@engel-zimmermann.de
24.03.2010 06:33 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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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
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hannover, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: 2009 financial year: Kontron AG remains sustainably profitable
| Source: EQS Group AG