Kontron reports stable revenue trend in Q1 2012

Kontron AG  / Key word(s): Miscellaneous

25.04.2012 06:33

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* Revenue rises to EUR 131.5 million 
* EBIT with EUR 4.2 million being below last year's amount
* Cash flow growth from EUR 2.9 million to EUR 30.0 million
* Order book up from EUR 370.8 million to EUR 379.8 million
* Number of design wins up 9 % to 122


Eching, Munich, April 25, 2012 - Kontron, the globally leading manufacturer
of embedded computer technology, continues to report a stable revenue
trend, with slight revenue growth to EUR 131.5 million in the first quarter
of 2012 (Q1 2011: EUR 130.1 million). The order book position also reported
growth compared with the previous quarter, as well as the number of design
wins, which were up by 9 % to 122. Following a very strong first-quarter of
2011 (EUR 7.4 million), EBIT stood at EUR 4.2 million. The main reason for
the EBIT decline was the unfavourable revenue and margin mix.

Compared with the first quarter of the previous year, revenue in the energy
and transportation area rose more rapidly than the average, while the
industrial automation and communications areas registered lower revenue
than in the previous year's quarter. As expected, a general shift occurred
in typical infrastructure segments away from orders that depend on
public-sector funds such as higher-margin railway technology towards
lower-margin products such as fleet management.

The Kontron Group's balance sheet structure underwent some particularly
positive changes: the already very good cash flow was boosted to EUR 30.0
million by reducing inventories, and the targeted disposal in Malaysia (Q1
2011: EUR 2.9 million). The Group also reported very good developments in
terms of equity (Q1 2012: EUR 334.5 million; Q1 2011: EUR 319.0 million).
As a consequence, the equity ratio raised from 64 % at the end of the first
quarter of 2011 to 65 % at the end of the first quarter of 2012.

The company continued its strategic focus on systems and solutions with the
disposal of standard components production in Malaysia. This allowed
inventories to be reduced by 17 % to EUR 96.2 million compared to the
quarter of the previous year. As part of the sale of the production plants,
its personnel were transferred to our strategic partner Plexus. This
reduced Kontron Group employee numbers from 2,939 to 2,448 at the end of
the first quarter 2012.

Kontron anticipates still revenues of EUR 560 - 590 million with a slight
increase of the EBIT margin.




Investor Relations:                  Further information:
Gaby Moldan                          Dr. Udo Nimsdorf   
Kontron AG                           Engel & Zimmermann AG
Oskar-von-Miller-Str. 1,             Unternehmensberatung für Kommunikation
D-85386 Eching                       Schloss Fussberg, Am Schlosspark 15 
Tel: +49 8165/77212, 
Fax +49 8165/77222                   D-82131 Gauting
                                     Tel: +49 89-89 35 633, 
                                     Fax: +49 89-89 39 84 29
Email: Gaby.Moldan@kontron.com       Email: info@engel-zimmermann.de   


25.04.2012 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Kontron AG
              Oskar-von-Miller-Str. 1
              85386 Eching
              Germany
Phone:        08165-77-225
Fax:          08165-77-222
E-mail:       gaby.moldan@kontron.com
Internet:     www.kontron.com
ISIN:         DE0006053952
WKN:          605395
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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