Ad-hoc: Kontron AG reports strong growth in sales and earnings

  • Record sales of EUR 126.7 million in the second quarter
  • Currency-adjusted growth of 23 percent in the first half of the year
  • First-half earnings climb 24 percent to EUR 16 million
  • 2008 sales and earnings forecasts confirmed

Eching, Munich, July 28, 2008. In the second quarter, Kontron AG once again exceeded the growth rates of the first three months of the 2008 financial year, and achieved the highest quarterly sales in the company's history, at EUR 126.7 million. This growth was consequently ahead of expectations. It represents a nominal increase of 13.5 percent compared with the prior year period (EUR 111.7 million), and growth was even as high as 25 percent on a currency-adjusted basis. This means 2008 firsthalf sales amounted to EUR 232.6 million, compared with EUR 207.6 million in the previous year's first half. This is equivalent to an increase of 12 percent, and 23 percent when adjusted to reflect exchange-rate movements. The order book also continued to rise, despite the high level of sales growth. At EUR 307 million, it was up 19.5 percent compared with the previous year period (EUR 256.7 million). Here too, currency-adjusted growth of 31 percent was much higher. As was the case with sales and the order book, design wins, which are also important for the medium-term forecast, continued to rise. This figure amounted to 223, compared with 162 in the previous year period, and, in monetary terms, volume increased from EUR 129 million to EUR 151 million. At EUR 12.8 million, second-quarter operating earnings rose 22.2 percent compared with the previous year's figure (EUR 10.4 million). The EBIT margin consequently climbed to 10.1 percent, compared with 9.3 percent in the prior year period. EBIT in the first half of the year at Kontron AG grew 25 percent to EUR 21.5 million, compared with EUR 17.2 million in the first six months of 2007. Secondquarter earnings rose to EUR 9.2 million, which corresponds to an increase of 15.8 percent compared with the previous year period (EUR 7.9 million). Net earnings for the first of the year consequently amounted to EUR 15.9 million, compared with EUR 12.8 million in the first half of 2006. This represents an increase of 24.2 percent. Operating cash flow, which amounted to EUR 5.3 million minus in the first quarter, was burdened by the integration of the French company Thales Computers. It rose to EUR 11 million in the second quarter again. The payment of the dividend for the 2007 financial year, and share repurchases, reduced the cash position from EUR 57.1 million in the first quarter to EUR 49 million at the end of the second quarter. This means that, from today's perspective, the Executive Board of Kontron AG can fully confirm the sales and earnings forecasts for the 2008 financial year: (currency-adjusted) double-digit sales growth, accompanied by a rate of earnings growth that outstrips that of sales.

Investor Relations:
Gaby Moldan
Kontron AG
Oskar-von-Miller-Str. 1,
85386 Eching ,
Tel: 08165/77212, Fax 08165/77222

For further information:
Dr. Udo Nimsdorf
Engel & Zimmermann AG
Agentur für Wirtschaftskommunikation
Am Schlosspark 15,
82131 Gauting
Tel. 089-89 35 633, Fax: 089-89 39 84 29
Email :

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