DGAP-News
Kontron AG closes 2015 on a high note, Ennoconn deal validates strategic realignment
DGAP-News: Kontron AG / Key word(s): Final Results
Kontron AG closes 2015 on a high note, Ennoconn deal validates strategic
realignment
17.03.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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Kontron AG closes 2015 on a high note, Ennoconn deal validates strategic
realignment
17.03.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
- Revenues grow by 2.4% to EUR 467.7 million (2014: EUR 456.8 million)
- Gross margin at 26.1%, slightly above 2014 and once again above its
target of 25.0%
- EBIT adjusted for restructuring cost increases by 64.8% to EUR 14.5
million (2014: EUR 8.8 million). Corresponding margin within original
target margin range at 3.1%
- Reported EBIT rises by EUR 11.3 million to EUR 6.2 million (2014: EUR
-5.1 million)
- Order intake drops by 18.7% to EUR 391.8 million (2014: EUR 481.7
million), leading to a book-to-bill ratio of 0.84
- Ennoconn deal announced in January 2016 is a transformational strategic
milestone
Augsburg, March 17, 2016 - Kontron AG, a leading global provider of
Embedded Computing Technology (ECT), has reached its revised financial
targets for fiscal year 2015. Its strategic partnership with Ennoconn
Corporation, announced in early 2016, represents a transformational
strategic milestone, validating Kontron's decision to become a leading
provider of combined hardware/software solutions.
Results 2015
Kontron's revenues increased by 2.4% to EUR 467.7 million, at the top end
of the company's revised guidance corridor of EUR 460 and 470 million.
Moreover, a gross profit margin of 26.1%, 10bp above the 2014 figure,
demonstrates that the "New Kontron" program continues to deliver improving
profitability even on moderate revenue growth. In the same manner EBIT,
adjusted for restructuring cost, rose by two-thirds to EUR 14.5 million,
representing an adjusted EBIT margin of 3.1%, and reported EBIT turned to a
positive EUR 6.2 million (1.3% margin), from EUR -5.1 million during 2014.
The company's order intake dropped by 18.7% to EUR 391.8 million (prior
year: EUR 481.7 million), leading to a book-to-bill ratio of 0.84. As a
result, the order backlog also dropped, by 17%, to EUR 269.3 million (prior
year: EUR 324.6 million). The magnitude of this drop is due mainly to a
base effect: while during 2014, many multi-year orders were registered in
full, this could not be repeated during the reporting year. The effect was
particularly pronounced in the business unit Industrial, where orders
dropped by 25% after an especially strong fiscal year 2014.
"There is no doubt that we had to contend with major challenges during the
- Gross margin at 26.1%, slightly above 2014 and once again above its
target of 25.0%
- EBIT adjusted for restructuring cost increases by 64.8% to EUR 14.5
million (2014: EUR 8.8 million). Corresponding margin within original
target margin range at 3.1%
- Reported EBIT rises by EUR 11.3 million to EUR 6.2 million (2014: EUR
-5.1 million)
- Order intake drops by 18.7% to EUR 391.8 million (2014: EUR 481.7
million), leading to a book-to-bill ratio of 0.84
- Ennoconn deal announced in January 2016 is a transformational strategic
milestone
Augsburg, March 17, 2016 - Kontron AG, a leading global provider of
Embedded Computing Technology (ECT), has reached its revised financial
targets for fiscal year 2015. Its strategic partnership with Ennoconn
Corporation, announced in early 2016, represents a transformational
strategic milestone, validating Kontron's decision to become a leading
provider of combined hardware/software solutions.
Results 2015
Kontron's revenues increased by 2.4% to EUR 467.7 million, at the top end
of the company's revised guidance corridor of EUR 460 and 470 million.
Moreover, a gross profit margin of 26.1%, 10bp above the 2014 figure,
demonstrates that the "New Kontron" program continues to deliver improving
profitability even on moderate revenue growth. In the same manner EBIT,
adjusted for restructuring cost, rose by two-thirds to EUR 14.5 million,
representing an adjusted EBIT margin of 3.1%, and reported EBIT turned to a
positive EUR 6.2 million (1.3% margin), from EUR -5.1 million during 2014.
The company's order intake dropped by 18.7% to EUR 391.8 million (prior
year: EUR 481.7 million), leading to a book-to-bill ratio of 0.84. As a
result, the order backlog also dropped, by 17%, to EUR 269.3 million (prior
year: EUR 324.6 million). The magnitude of this drop is due mainly to a
base effect: while during 2014, many multi-year orders were registered in
full, this could not be repeated during the reporting year. The effect was
particularly pronounced in the business unit Industrial, where orders
dropped by 25% after an especially strong fiscal year 2014.
"There is no doubt that we had to contend with major challenges during the
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