Kontron with new strategic IoT focus now listed on TecDAX

Effective 9 May 2023, Kontron AG is once again listed in the index of the 30 largest German companies in the technology sector in addition to its SDAX listing.

Kontron AG (https://www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) was added to the TecDAX on 09 May 2023 and is thereby included in the calculation of the German share index of the 30 biggest companies in the technology sector. Kontron is also listed in the SDAX as a leading IoT technology company.

“As one of the most important IoT technology companies worldwide with a listing in Germany, Kontron belongs in the TecDAX. With our strategic realignment to the Internet of Things (IoT) market early in the 2023 financial year, we have laid a decisive foundation for the future of the company. I am delighted that this development has now been crowned with our inclusion in the TecDAX. In the future, we will continue to grow in the IoT market, with growth rates of over 15% per year, and focus on the IoT areas of smart factories, smart energy, transportation and communication”, says Clemens Billek, CFO of Kontron AG.

After a successful financial year 2022 in terms of the operating business, the new Kontron started the new year with strong results. In the first quarter of 2023, revenue increased by 12.4% to EUR 277.7 million (previous year: EUR 247.0 million), with organic growth as high as 14.0%. EBITDA rose by 24.9% to EUR 29.6 million (previous year: EUR 23.7 million) and net profit increased by 66% to EUR 16.6 million (previous year: EUR 10.0 million). The record order intake of EUR 390.7 million and resulting book-to-bill ratio of 141% for the entire Group indicate that all signs point to growth.

Hannes Niederhauser, CEO of Kontron AG: “By closing the sale of its IT Service division, Kontron has undergone an enormous transformation and is breaking new ground as the European market leader for IoT services as it continues its growth path. I welcome the fact that this now reflected in the TecDAX listing. The new Kontron has had a very good start to 2023 and we are fully on track. With the acquisitions we have planned, we are maintaining our target of EUR 2,000 million in revenue in 2025 - along with significantly increased profitability”.