Kontron AG / Quarter Results
27.10.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Third-quarter sales rise to EUR 123.8 million
Volume of design wins climbs to EUR 241 million
Gross margin rises to 31.7 percent
Net cash position of over EUR 40 million
2008 sales and earnings forecasts confirmed
Eching, Munich, October 27, 2008. With sales of EUR 123.8 million, Kontron
AG continued the dynamic business progress of the first six months into the
third quarter of the current financial year. This represents an increase of
7.7 percent compared to the prior year period (EUR 115,0 million). Overall
organic growth was even as high as 16 percent when adjusted for the
deconsolidation of the Quanmax joint venture as of June 30, as well as
currency effects. Total sales in the first three quarters consequently rose
to EUR 356.3 million (previous year period: EUR 322.6 million). The order
backlog of EUR 299 million remains at an extremely high level as of
September 30, 2008. This represents an increase of 12 percent compared with
the prior year period (EUR 267 million). Growth rates were even higher in
terms of design wins, which are important for our medium-term planning and
forecasts. The number of design wins grew to 328, compared with 254 in the
same period of the previous year, and the volume rose to EUR 241 million in
the first three quarters (EUR 202 million in the prior year period). In
particular, a new record level of EUR 91 million was achieved in the third
quarter (prior year period: EUR 73 million). With operating earnings of EUR
12.6 million, Kontron AG continued to achieve a double-digit EBIT margin of
slightly above 10 percent in the third quarter. One-off extraordinary
effects arising from the sale of the Mobile Computer division, and the
acquisition of PLG, which together amounted to around EUR 7 million, should
be taken into account when drawing a comparison with the previous year's
extraordinarily high result of EUR 16.8 million. This also has an impact on
the cumulative period of the first nine months, as well as on the net
profit for the period, which amounted to EUR 9.5 million in the third
quarter (compared with EUR 12.8 million in the previous year's period).
EBIT for the first three quarters totaled EUR 34,0 million (previous year
period: EUR 33.9 million), and net income for the first three quarters
totaled EUR 25.4 million (previous year period: EUR 25.6 million). Kontron
AG's overall significant year-on-year rise in profitability is also evident
in its gross margin, which rose from 30.5 percent in the third quarter of
the previous year to 31.7 percent this year. Kontron AG reports an
excellent and stable liquidity position as of September 30, 2008. Cash and
short-term securities of EUR 52.3 million, for instance, registered a
further rise compared with the end of the second quarter (EUR 49.3
million). The net cash position was slightly above EUR 40 million. Despite
growing uncertainties in global markets, the Kontron Executive Board
continues to expect to achieve (currency-adjusted) double-digit sales
growth accompanied by an even faster rate of growth in operating earnings
for 2008.
Investor Relations: For further information:
Gaby Moldan Dr. Udo Nimsdorf
Kontron AG Engel & Zimmermann AG
Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation
D - 85386 Eching Schloss Fußberg, Am Schlosspark 15,
Tel+498165/77212,Fax+498165/77222 D - 82131 Gauting
Email: Gaby.Moldan@kontron.com Tel.+4989-8935633,Fax+4989-89398429
Email : info@engel-zimmermann.de
DGAP 27.10.2008
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Language: English
Issuer: Kontron AG
Oskar-von-Miller-Str. 1
85386 Eching
Deutschland
Phone: 08165-77-225
Fax: 08165-77-222
E-mail: martin.przybyla@kontron.com
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Kontron AG registers record level of design wins
| Source: EQS Group AG