Kontron falls after weak quarter
BUZZ-Kontron falls after weak quarter ** Shares in Austria's Kontron AG KTN.VI fall nearly 4% after the IT solutions provider reported another weak quarter while maintaining its full-year outlook
** The company confirmed 2026 revenue guidance of around €1.6 billion ($1.80 billion) and reported EBITDA guidance of about €200 million, or €225 million before one-off items
** Jefferies says Q3 revenue fell 9% year-on-year while EBITDA declined 13%, extending the weak trend seen in the first half of the year
** The broker says restructuring in the GreenTec division continued to weigh on profitability, though the programme is now largely complete and should begin supporting margins from the fourth quarter
** Jefferies says like-for-like revenue declined 7% year-on-year in the first nine months of 2026, while adjusted EBITDA rose 8%
** The broker adds that delayed orders increased and management expects most backlog shipments to be delivered in the fourth quarter
** Shares hit their lowest level in more than three months and are on track for their worst day since September 9
($1 = 0.8880 euros)
(Reporting by Canan Sevgili)