28.04.2016 Kontron AG  DE0006053952

DGAP-News: Kontron AG shows seasonally subdued start to 2016, annual guidance confirmed

DGAP-News: Kontron AG / Key word(s): Quarterly / Interim Statement Kontron AG shows seasonally subdued start to 2016, annual guidance confirmed 28.04.2016 / 07:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Revenues down 9.1 % to EUR 89.5 million (1Q15: EUR 98.5 million) - Gross margin up 1.6 percentage points on the prior year at 27.1 % on account of savings in cost of materials - EBIT adjusted for restructuring cost down EUR 2.7 million to EUR -4.9 million compared to the prior year - Order intake down 8.9 % to EUR 79.9 million - Annual earnings guidance confirmed: revenues corridor EUR 460 - 480 million, gross margin > 25 %, adjusted EBIT margin 3 - 5 % Augsburg, April 28, 2016 - Kontron AG, a leading global provider of Embedded Computer Technology (ECT), had a seasonally subdued start to 2016 but confirms earnings guidance for the year as a whole. First-quarter results Revenues of EUR 89.5 million were down 9.1 % and order intake of EUR 79.9 million was down 8.9 % on the comparable prior-year quarter. Order backlog developed in line with this decline and stood at EUR 255.1 million at the end of the first quarter. Profits saw a similar development: EBIT adjusted for restructuring cost was down EUR 2.7 million at EUR -4.9 million. By contrast, the gross margin developed positively with an increase of 1.6 percentage points to 27.1 %, clearly exceeding the targeted 25 %. The main reasons for this start to the year relate to the development of the ATD (Avionics, Transportation, Defense) business unit, which, at EUR 22.1 million, recorded around 25 % lower revenues. This is due to the longer than expected development times for some new projects. Improvement is, however, expected over the course of the year. In the COM (Communication) business unit, hardware-based products continue to be replaced by software-supported solutions, causing a EUR 3.1 million decline in revenues (down 14.6 %). A slight increase in order intake, however, shows that Kontron is on track to catch up. While revenues in the IND (Industrial) business unit rose by a further 3.5 %, order intake was down by around 31 % due to a base effect: framework agreements in the Medical segment could not be concluded at the same level as during the first quarter of 2015. However, the company anticipates that this business unit will also return to growth in the near future. "January and February did not give us the start to the year that we would have wished for," says Rolf Schwirz, Kontron CEO. "But, as in previous years, monthly revenues rose considerably again in March. Building on this, we aim to now drive the business forward." Trade payables of EUR 26.6 million and bank liabilities of EUR 12.4 million were repaid in the quarter. At the same time, trade receivables were reduced by EUR 41.4 million. The receipt of proceeds for the sale of a 49 % shareholding in Kontron Canada Inc. (KCI) resulted in a EUR 39.4 million increase in cash and cash equivalents. Ennoconn partnership realized, restructuring of the sales organization approved, SAP implemented On April 1, 2016, the company entered into a partnership with Ennoconn Corporation, announced back in January, in the Communication business unit. Ennoconn Corporation acquired a share of 49 % in KCI for a purchase price of $ 57.3 million (approximately EUR 52.5 million). Likewise on April 1, the decision was taken to optimize our sales set-up, which is expected to improve order intake and revenues already this year. The sales organization is now directly aligned with the three business units. In addition, the global SAP-ERP system has been in use at all major locations since the beginning of April. With its introduction, many business processes around the world are now standardized, which puts Kontron in a position to respond faster and more effectively to rapidly changing market conditions. Outlook 2016 The company anticipates revenues between EUR 460 - 480 million for the year, as well as a gross margin in excess of 25 %. The EBIT margin adjusted for restructuring cost and non-recurring effects is expected within a corridor of 3 to 5 %. Non-recurring effects will primarily, but not exclusively, stem from the partnership with Ennoconn. Key performance indicators for the first quarter of 2016
                                               Q1/2016   Q1/2015   Δ
Order intake                           EUR m   79.9      87.7      -8.9 %
Order backlog                          EUR m   255.1     338.1     - 24.6 %
Revenues                               EUR m   89.5      98.5      -9.1 %
Book-to-bill ratio                     ppt     0.9       0.9
Gross margin                           %       27.1      25.5      +1.6ppt
EBIT adjusted for restructuring cost   EUR m   -4.9      -2.2      -2.7
EBIT (reported)                        EUR m   -6.1      -4.3      -1.8
Cash flow from operating activities    EUR m   6.9       13.5      -6.6

About Kontron Kontron, a global leader in embedded computing technology and trusted advisor in IoT, provides a complete and integrated portfolio of hardware, software and services. Kontron creates many of the standards that drive the world's embedded computing platforms, bringing to life numerous technologies and applications. The result is an accelerated time-to-market, reduced total-cost-of-ownership, product longevity and the best possible overall application with leading-edge, highest reliability embedded technology. Kontron is a listed company. Its shares are traded in the Prime Standard segment of the Frankfurt Stock Exchange and on other exchanges under the symbol "KBC". For more information, please visit: www.kontron.com For more information: Chari Lazaridis Head of Global Corporate Communications Kontron AG Tel: +49 (0) 821 4086 484 [email protected] Alexandra Habekost Head of Investor Relations Kontron AG Tel: +49 (0) 821 4086 114 [email protected] --------------------------------------------------------------------------- 28.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Kontron AG Lise-Meitner-Straße 3-5 86156 Augsburg Germany Phone: 00498214086114 Fax: 00498214086122 E-mail: [email protected] Internet: www.kontron.com ISIN: DE0006053952 WKN: 605395 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of News DGAP News Service --------------------------------------------------------------------------- 458441 28.04.2016

Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de


WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
0,00 0,00 0,00 0,00
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
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Computer/Hardware , 605395 , XETR:KBC