Eching, Munich, April 27, 2011. Kontron AG achieved a significant leap in revenue and earnings in the first quarter of the current financial year. Revenue climbed 2011 by 33 percent to reach EUR 130 million in the first three months of 2011, compared with EUR 97.7 million in the previous-year period. Operating earnings (EBIT) rose at a disproportionately faster rate, and jumped from EUR 2.7 million to EUR 7.4 million. Correspondingly, net income increased from EUR 1.9 million in the first quarter of 2010 to EUR 5.2 million in the current reporting period. New orders of EUR 153 million outpaced revenue (Q1/2010: EUR 105 million). The order book position grew to EUR 464 million, which is 48 percent ahead of the level in the previous year (EUR 314 million), and significantly above the high level as of the year-end (EUR 438 million). A high level of design wins, which are important for medium-term planning, was booked, amounting to EUR 78 million.
In view of the natural and reactor catastrophes in Japan, and as a measure to match Kontron's strong order growth, inventories were stocked up with important components and building blocks. This impacted operating cash flow, which, at EUR 2.9 million, was nevertheless still significantly ahead of the previous year's operating cash flow of minus EUR 7.7 million.
In view of demand growth and the company's high order book position, Kontron AG is assuming that the dynamic business trend will continue over the coming months. Revenue of approximately EUR 550 million, and an EBIT margin of between 8 and 9 percent, are anticipated for the full 2011 financial year.
85386 Eching ,
Tel: 08165/77212, Fax 08165/77222
For further information:
Dr. Udo Nimsdorf
Engel & Zimmermann AG
Agentur für Wirtschaftskommunikation
Am Schlosspark 15,
Tel. 089-89 35 633, Fax: 089-89 39 84 29