Strong Growth In Sales of 50 Percent Due To Successful Diversification in 2001

Operational profit (EBITDA) increased to 20 million euro / world market leadership by strategic acquisitions / goodwill depreciation burden earnings/ full accounts secure the path of growth

Eching, Germany, March 27, 2002 - In the business year 2001 Kontron Embedded Computers AG, the leading producer of miniaturised computers worldwide, has been to continue its dynamic growth of the past years in spite of the slack world economy. Turnover compared to the previous year (126 million euros) rose by 50 percent to 189 million euros.

Operational earnings (EBITDA) were raised from 16.9 million euros in the year 2000 to 20 million euros in 2001 despite the sluggish economic environment and 2 million euros of restructuring costs. Based on turnover the EBITDA margin was thus at about 10 percent and the result per share at 0.42 cents before goodwill. Orders on hand have developed positively to 51 million euros, especially in comparison to the third quarter of 2001 (40 million euros).

Total assets of the Kontron Group increased from 237 million euros in 2000 to 287 million euros in 2001. This dynamic growth is also reflected in the number of employees. On 31.12.2001, the Kontron Group employed 1,223 employees compared to 862 in the previous year.

Liquidity can be viewed as outstanding: the Kontron Group can access cash resources and short time investments of 58 million euros as per 31. December 2001. The good liquidity situation is supported by the positive operative cash-flow of 16 million euros. At the same time, customer receivables and stocks could be optimised and reduced by 18 percent (without taking the acquisitions into account).

Non-cash-effective goodwill depreciation amounting to 6.8 million euros as well as additional 2 million euros restructuring cost weigh on the result (EBIT) which is at 8.5 million euros (previous year: 15.1 million euros). For the year 2002, Kontron is expecting a 40 percent increase in turnover and an EBITDA margin of 10 to 11 percent.

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