DGAP-Adhoc: Kontron AG fleshes out cost reduction program

 | Source: EQS Group AG EQS Group AG 

Kontron AG  / Key word(s): Strategic Company Decision

24.07.2013 09:12

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Eching near Munich, 24 July 2013 - Today, Executive Board and Supervisory
Board of Kontron AG have agreed specific measures with regard to the
company's cost reduction program, originally announced on May 6, 2013.
These measures focus on three areas: simplification of the company's
product portfolio, optimization of procurement activities, and reduction of
the number of worldwide sites. In total, Kontron AG intends to lower its
cost base by EUR 40 million per annum from 2016.
In this context, Kontron's management has decided to consolidate a number
of sites. Particularly in Germany, it is planned to concentrate and build
up business activities at Kontron's location in Augsburg, where the company
intends to create a technology hub with superior innovation capabilities.
In accordance with legal co-determination requirements, Kontron's Executive
Board will start talks with employee representatives immediately.
The Executive Board expects the implementation of all planned measures to
trigger one-off costs of EUR 30-35 million until the end of 2014.

For further information:
Harald Kinzler
HERING SCHUPPENER Consulting
Phone: +49 69 9218 7465
Email:  hkinzler@heringschuppener.com


24.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Kontron AG
              Oskar-von-Miller-Str. 1
              85386 Eching
              Germany
Phone:        08165-77-225
Fax:          08165-77-222
E-mail:       gaby.moldan@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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