EQS-News

Successful business development: KATEK continues to grow strongly in 2023, realizes strongest year in the company's history in terms of operating result (EBITDA) and meets all forecasts - Seite 2

In the first few months of the 2024 financial year, KATEK is aware of economic uncertainties in the business environment. These are indirectly reflected in the changed demand and call-off behavior of customers. On this basis, KATEK's management is currently assuming that growth expectations will be reduced by EUR 15 million. In addition, existing inventories are being reviewed as necessary in connection with the new forecasts; this risk is currently valued at EUR 10 million.

The acquisition of around 59.4% of KATEK shares indirectly by Kontron AG was successfully completed at the end of February 2024. As a result of the change of control and the resulting urgent and diverse tasks and integration of limited capacities in the company, KATEK has recently decided to align the final publication of the business figures with the legal requirements and to update the financial calendar as published. All figures mentioned are subject to the proviso that the audit of the consolidated financial statements has not yet been completed.

KATEK and Kontron: Strong together for the future

Through the strategic partnership with Kontron AG, a leading company in the field of Internet-of-Things (IoT), KATEK is excellently positioned to continue its strong growth and realize its full potential in a unified group of companies. Following the acquisition of the KATEK shares by Kontron AG, KATEK continues its success story with Kontron. The focus on key industries such as electromobility and renewable energies, coupled with an impressive international expansion and the development into a key driver of the electronics industry in Europe, especially in the GreenTec sector, forms the basis of this synergy. The connection with Kontron opens up new growth opportunities for KATEK in promising markets through the integration of high-quality electronic systems and products, including software.

Contact

KATEK Investor Relations
Barbara Jeitler
[e-mail]
[phone]

About KATEK

KATEK Group, headquartered in Munich, is one of the fastest growing electronics companies in Europe and aims to make a decisive contribution to the "electronification of the world". KATEK is an end-to-end service provider for high-value electronics. The range of services covers the entire product life cycle. From the development of software and hardware, through rapid prototyping of electronic assemblies and production, to subsequent support of the process at the customer's premises, including logistics, after-sales and service activities.