Brief: Kontron Q1 Consolidated Net Profit At EUR 16.3 Mln

Kontron AG

03/05/2024 06:10

May 3 (Reuters) - Kontron AG  KTN.VI :
    * Q1 36% REVENUE GROWTH: EUR 356 MILLION COMPARED TO EUR 262
MILLION IN Q1 2023
    * FIRST-TIME CONSOLIDATION OF KATEK AS OF MARCH 1, 2024,
CONTRIBUTES EUR 54 MILLION TO REVENUES
    * STRONG GROSS MARGIN OF 41.3% IN THE 1ST QUARTER
    * EUR 35.4 MILLION EBITDA VERSUS. 29.6 MILLION IN THE SAME
QUARTER
OF THE PREVIOUS YEAR
    * OUTLOOK FOR 2024 STRONG WITH 33% PROFIT GROWTH
    * ADJUSTED FOR ONE-OFF EFFECTS AND M&A COSTS, EBITDA
AMOUNTED TO
EUR 39.2 MILLION, AN INCREASE OF 33% FROM THE PREVIOUS YEAR
    * CONSOLIDATED NET PROFIT AMOUNTED TO EUR 16.3 MILLION
(PREVIOUS
YEAR: EUR 16.6 MILLION) AND WAS ALSO INFLUENCED BY THESE ONE-OFF
EFFECTS
    * ORDER BACKLOG ROSE TO EUR 1,842 MILLION IN THE LAST 12
MONTHS
AFTER EUR 1,573 MILLION, INCLUDING EUR 140 MILLION FROM KATEK
    * ON COURSE FOR ANOTHER STRONG YEAR
    * 2024 EBITDA EXPECTED TO INCREASE BY AROUND 50% TO EUR 190
MILLION

Further company coverage:  KTN.VI 

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