DGAP-News: Kontron AG presents cornerstones of new strategy
(firmenpresse) - DGAP-News: Kontron AG / Key word(s): Miscellaneous
Kontron AG presents cornerstones of new strategy
06.05.2013 / 12:50
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* CEO Rolf Schwirz explains results of strategic review to analysts and
investors
* 'The New Kontron' program launched to reduce internal complexity
* Product portfolio to be streamlined, proximity to market and customers to
be improved
* Company plans to reach at least EUR 650 million revenues by 2016, as well
as a gross profit margin above 25 percent and an operating margin of more
than 6 percent
Eching near Munich, May 6, 2013 - Kontron AG, globally leading provider of
Embedded Computer Technology (ECT), held a Capital Markets Day for analysts
and institutional investors on April 30. Rolf Schwirz, Kontron AG's CEO,
presented the results of his strategic review as well as the cornerstones
of his 'The New Kontron' program. This program represents a significant
broadening of the organizational reorientation that was implemented in
2013, with a view to reposition the company above and beyond optimizing its
organizational structure.
'2013 represents a new start for Kontron. We have a lot of homework ahead
of us to return Kontron to a path of sustainable and profitable growth. But
we already know exactly which internal measures we need to take to boost
our efficiency,' said Rolf Schwirz, CEO of Kontron AG. 'We have held
intense discussions across all corporate levels over recent weeks. I am now
confident that we will pull together and implement the right measures to
make Kontron fit for the future.'
Acquisitions in recent years have increased the company's complexity
enormously, raising operating expenditure and diminishing profitability.
The company now aims to counter this development decisively with an
expanded strategy program. Internal opportunities to improve structures and
processes, and to leverage synergies, have not yet been exploited in full.
Add to that product innovations that Kontron can develop and market
internationally.
'With our leading market position and high-quality products, Kontron is
well positioned with customers to benefit from the enormous growth
potential inherent in the ECT market,' notes Rolf Schwirz. 'We have a long
tradition as a technology leader, and have countless times proven our
innovative capacity through our excellent research and development work. We
will build on these values to position ourselves better for the future.'
The Management Board aims to use 2013 and the following year to transform
Kontron AG. Revenue of between EUR 500 million and EUR 550 million is
expected for the 2013 financial year. Gross profit and operating earnings
are set to come in at around the previous year's level. By 2016, the
Management Board aims to achieve a revenue level of a least EUR 650
million, an operating margin above 6 percent, and a gross profit margin of
over 25 percent.
For further information:
Kontron AG
Gaby Moldan
Oskar-von-Miller Str. 1
D - 85386 Eching
Phone: +49 8165 77 212
Fax: +49 8165 77 222
gaby.moldan(at)kontron.com
End of Corporate News
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06.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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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209781 06.05.2013
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