Kontron AG was added to the TecDAX on 9th 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 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.
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 €277.7 million (previous year: €247.0 million), with organic growth as high as 14.0%. EBITDA rose by 24.9% to €29.6 million (previous year: €23.7 million) and net profit increased by 66% to €16.6 million (previous year: €10.0 million). The record order intake of €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: “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 €2,000 million in revenue in 2025 – along with significantly increased profitability”.
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