Eching near Munich, April 24, 2013 – Kontron AG, globally leading provider of embedded computer technology (ECT), generated revenues of EUR 121.7 million in the first quarter of 2013 (Q1/2012: EUR 131.5 million), in an economic environment that continued to be challenging. It should be noted in this context that activities that have since been sold off contributed EUR 5.1 million to consolidated revenue in Q1/2012. Like-for like, therefore, the drop in revenue amounted to 3.7 percent.
Operating earnings before interest and tax (EBIT) and before one-offs fell to EUR -0.4 million. Additionally, one-off costs of EUR 3.7 million were incurred during the first quarter. These included e.g. costs in connection with the implementation of the "Shape" optimization program. Taking into account these one-offs, Q1/2013 EBIT amounted to EUR -4.1 million. The EBIT in the comparable quarter of 2012 (excluding EUR 3.8 million of positive one-offs) was EUR 0.4 million.
Cash flow from operating activities amounted to EUR 1.3 million. With a EUR 9.3 million net cash position and an equity ratio of 62.2 percent, Kontron can build on a solid financial basis to take advantage of the ECT market's dynamic growth.
While the number of Design Wins shrank to 102 (Q1/2012: 122) or EUR 47.4 million, the book-to-bill ratio, an important indicator of medium-term growth, improved from 1.01 in the previous year to 1.08.
Rolf Schwirz, Kontron’s CEO, will discuss in detail the status of already implemented reorganization initiatives as well as Kontron’s short to mid-term plans during the company’s Capital Markets Day at its assembly plant in Augsburg on 30 April 2013.
For further information:
Oskar-von-Miller Str. 1
D – 85386 Eching
Phone: +49 8165 77 212
Fax: +49 8165 77 222