Austria's Kontron 9M revenue dips on restructuring costs impact
Austria's Kontron 9M revenue dips on restructuring costs impact
Overview
Austria IoT technology provider's 9M 2026 revenue declined slightly from prior year
Adjusted EBITDA for 9M 2026 rose, supported by cost savings from restructuring
Order backlog increased, reflecting continued high demand for company products
Outlook
Kontron confirms 2026 revenue guidance of about EUR 1.6 bln
Company expects 2026 EBITDA of about EUR 200 mln, or EUR 225 mln before one-off costs
Kontron says possible impairment of up to EUR 25 mln may affect 2026 results
Result Drivers
RESTRUCTURING COSTS AND SAVINGS - Co said restructuring in GreenTec division led to one-off costs in 9M 2026, with initial cost savings starting to be realized
ONE-OFF ITEMS - 9M 2026 results impacted by restructuring costs, while prior year benefited from one-off income from COM business deconsolidation
INVENTORY BUILD-UP - Operating cash flow reduced due to inventory build-up caused by strained memory chip availability, with deliveries expected in Q4 2026
Company press release: ID:nEQc6gbvta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| EUR 1.10 bln |
|
9M Net Income |
| EUR 52.70 mln |
|
9M EBITDA |
| EUR 125.90 mln |
|
9M Order Backlog |
| EUR 2.75 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for Kontron AG is €30.00, about 50% above its November 4 closing price of €20.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago
Reuters Recommended Reads
Nov 3 - Austria's Raiffeisen Bank 9-month profit rises 10% year-on-year
Nov 2 - Austria's RBI shelves plan to sell Addiko units after buyer loses licence
Nov 3 - Netherlands' Philips slightly misses Q3 revenue estimates, maintains 2026 forecast
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)