Austria's Kontron Q2 revenue edges up, order backlog hits record
Austria's Kontron Q2 revenue edges up, order backlog hits record
Overview
Austria IoT technology firm's Q2 revenue rose slightly yr/yr, adjusted EBITDA increased
Company confirmed full-year revenue forecast, expects organic growth of 8%
Order backlog reached record EUR 2.75 bln, restructuring in GreenTec division ongoing
Outlook
Kontron confirms 2026 revenue guidance slightly above EUR 1,607 mln
Company expects 2026 organic revenue growth of 8% after adjusting for sold businesses
Kontron maintains 2026 adj EBITDA forecast at EUR 225 mln before EUR 25 mln restructuring expenses
Result Drivers
SEGMENT GROWTH - Cybersolutions, Aerospace & Defense, and Transportation divisions drove revenue growth, while GreenTec sales declined sharply
RESTRUCTURING IMPACT - GreenTec division restructuring led to job reductions and is expected to yield cost savings from 2027
INVENTORY BUILD-UP - Operating cash flow was negative due to temporary inventory build-up amid chip crisis
Company press release: ID:nEQ38jM7Ha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted Net Income |
| EUR 48.80 mln |
|
H1 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 August 5 closing price of €20.00
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Reuters Recommended Reads
Aug 4 - Austria's ams OSRAM flags milestone on AR smart-glasses chips as Q2 revenue rises
Aug 4 - Austria's AT&S Q1 revenue rises 38% on strong demand in core markets
Aug 5 - Europe's established tech firms emerge as unexpected AI winners
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(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.)