DGAP-News: Kontron AG publishes figures for the financial year 2012
(firmenpresse) - DGAP-News: Kontron AG / Key word(s): Final Results
Kontron AG publishes figures for the financial year 2012
21.03.2013 / 06:33
---------------------------------------------------------------------»Revenues of EUR 547.0 million»Adjusted EBIT of EUR 0.2 million»Dividend proposal of EUR 0.04 per share»CEO to explain new strategy on 24th April
Eching near Munich, March 21, 2013 - Kontron AG, a global leader of
embedded computer technology (ECT), looks back at a difficult year in 2012
that was affected by increasingly challenging market conditions, and
far-reaching restructuring measures that are also set to exert a major
influence on the year 2013. As a result, Kontron was unable to maintain the
record revenues achieved last year, generating EUR 547.0 million in 2012,
(previous year: EUR 589.6 million).
Operating earnings (EBIT) stood at EUR -32.5 million, are affected mainly
by two factors: a lower gross profit margin, and non-recurring items. The
latter included in particular valuation effects (impairment of goodwill,
inventories and internal R&D projects) amounting to EUR 23.2 million,
reorganization costs of EUR 8.4 million (costs for harmonizing IT systems,
strategy consultancy services in connection with the optimization program
'Shape', and severance payments), and costs of EUR 2.7 million triggered by
restructuring measures. All in all, these special items, including a
one-off repayment of duties of EUR +1.6 million, totaled EUR -32.7 million.
Accordingly, adjusted EBIT was EUR 0.2 million (previous year: EUR 38.1
million).
Key financial figures have improved or are on a similar level compared to
last year. With an equity ratio of 62.3 % (previous year: 63.7%), an
operating cash flow of EUR 46.2 million (previous year: EUR 31.6 million)
and a net cash position of EUR 13.2 million (previous year: EUR 1.2
million), Kontron has a sound financial basis. Because of the adverse
operational development and the challenges ahead, Management and
Supervisory Boards will propose to the Shareholders' General Meeting a
dividend of EUR 0.04/per share to be paid for the financial year 2012
(previous year: EUR 0.20/per share).
During the second half of 2012, Kontron began the 'Shape' optimization
program, which focuses on reorganizing local legal entities into global
business segments, as well as on combining local activities in Supply Chain
and R&D to globally operating teams. Initial one-off effects of 'Shape' are
included under 'special items' in the accounts for the reporting year.
'We have a strong position in the global ECT market and a sound balance
sheet. With the measures taken to date, however, there is still a long way
to go to the finish line', said Rolf Schwirz, new Chief Executive Officer
of Kontron AG. 'To safeguard our leading position in one of the world's
most dynamic and promising technology markets, we are currently taking a
close and critical look at our company. April 24th 2013 we are going to
explain the new strategy of Kontron.'
With the 'Shape' optimization program now launched and the necessary
strategic realignment, management anticipates a year of transition in 2013,
with major challenges for the Kontron Group. The Management Board predicts
that revenue and profit trends in the financial year 2013 will be similar
to those seen the year before. Market and sectoral environment will remain
difficult, with the associated potential secondary effects and margin
impact. Efficiency-enhancing measures within the company will also cause
non-recurring costs. Nonetheless, the company's strong market position and
dynamic capacity to innovate, coupled with the impact of the 'Shape'
optimization program and other measures, give rise to the expectation of
renewed growth in revenues and profitability in the medium term.
For further information:
Gaby Moldan
Kontron AG
Oskar-von-Miller Strasse 1
D - 85386 Eching
Phone: +49 8165 77 212
Fax: +49 8165 77 222
Email: Gaby.Moldan(at)kontron.com
End of Corporate News
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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(at)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 News DGAP News-Service
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Datum: 21.03.2013 - 06:33 Uhr
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