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Kontron AG shows seasonally subdued start to 2016, annual guidance confirmed - Seite 2
have wished for," says Rolf Schwirz, Kontron CEO. "But, as in previous
years, monthly revenues rose considerably again in March. Building on this,
we aim to now drive the business forward."
Trade payables of EUR 26.6 million and bank liabilities of EUR 12.4 million
were repaid in the quarter. At the same time, trade receivables were
reduced by EUR 41.4 million. The receipt of proceeds for the sale of a 49 %
shareholding in Kontron Canada Inc. (KCI) resulted in a EUR 39.4 million
increase in cash and cash equivalents.
Ennoconn partnership realized, restructuring of the sales organization
approved, SAP implemented
On April 1, 2016, the company entered into a partnership with Ennoconn
Corporation, announced back in January, in the Communication business unit.
Ennoconn Corporation acquired a share of 49 % in KCI for a purchase price
of $ 57.3 million (approximately EUR 52.5 million). Likewise on April 1,
the decision was taken to optimize our sales set-up, which is expected to
improve order intake and revenues already this year. The sales organization
is now directly aligned with the three business units. In addition, the
global SAP-ERP system has been in use at all major locations since the
beginning of April. With its introduction, many business processes around
the world are now standardized, which puts Kontron in a position to respond
faster and more effectively to rapidly changing market conditions.
Outlook 2016
The company anticipates revenues between EUR 460 - 480 million for the
year, as well as a gross margin in excess of 25 %. The EBIT margin adjusted
for restructuring cost and non-recurring effects is expected within a
corridor of 3 to 5 %. Non-recurring effects will primarily, but not
exclusively, stem from the partnership with Ennoconn.
Key performance indicators for the first quarter of 2016
About Kontron
Kontron, a global leader in embedded computing technology and trusted
advisor in IoT, provides a complete and integrated portfolio of hardware,
approved, SAP implemented
On April 1, 2016, the company entered into a partnership with Ennoconn
Corporation, announced back in January, in the Communication business unit.
Ennoconn Corporation acquired a share of 49 % in KCI for a purchase price
of $ 57.3 million (approximately EUR 52.5 million). Likewise on April 1,
the decision was taken to optimize our sales set-up, which is expected to
improve order intake and revenues already this year. The sales organization
is now directly aligned with the three business units. In addition, the
global SAP-ERP system has been in use at all major locations since the
beginning of April. With its introduction, many business processes around
the world are now standardized, which puts Kontron in a position to respond
faster and more effectively to rapidly changing market conditions.
Outlook 2016
The company anticipates revenues between EUR 460 - 480 million for the
year, as well as a gross margin in excess of 25 %. The EBIT margin adjusted
for restructuring cost and non-recurring effects is expected within a
corridor of 3 to 5 %. Non-recurring effects will primarily, but not
exclusively, stem from the partnership with Ennoconn.
Key performance indicators for the first quarter of 2016
Q1/2016 Q1/2015 Δ
Order intake EUR m 79.9 87.7 -8.9 %
Order backlog EUR m 255.1 338.1 - 24.6 %
Revenues EUR m 89.5 98.5 -9.1 %
Book-to-bill ratio ppt 0.9 0.9
Gross margin % 27.1 25.5 +1.6ppt
EBIT adjusted for restructuring cost EUR m -4.9 -2.2 -2.7
EBIT (reported) EUR m -6.1 -4.3 -1.8
Cash flow from operating activities EUR m 6.9 13.5 -6.6
About Kontron
Kontron, a global leader in embedded computing technology and trusted
advisor in IoT, provides a complete and integrated portfolio of hardware,
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