Kontron AG Financial Results H1 2023 | Breaking Records & Looking Forward With CFO - Seat11a - Video Insights For European Financial Markets

Kontron AG Financial Results H1 2023 | Breaking Records & Looking Forward with CFO

Excerpt

Kontron AG’s CFO, Clemens Billek, provides a comprehensive overview of the company’s financial performance for H1 2023.

For the first time in its history, Kontron achieved a gross margin surpassing 40% at 40.6%, marking an impressive improvement from the 37.8% in Q2 2022. With a robust cash reserve of 326 million, the company highlights their strong position, especially since they’ve managed to repay 100 million within just two quarters of 2023.

The presentation also emphasizes a solid backlog at 1.6 billion and the Q2 book-to-bill ratio at 1.1. The company also boasts a 55 million reduction in the overdue backlog and a record dividend payout of one Euro per share due to stellar 2022 results.

The month of July saw the company engaging in two significant M&A transactions: the automotive sector of Telit Centurion and the trains Communication business of Comlab.

These acquisitions are projected to yield an annual revenue of approximately 120 million. Kontron has proudly re-joined the TechDAX family and has finalized the sale of its IT service business. Key Performance Indicators (KPIs) for H1 2023 reveal a revenue growth of 14% to 561 million, with EBT increasing by 26% to 61 million. After non-controlling interest, The company’s net income saw a sharp spike of 80% to 34 million. Other noteworthy stats include a 78 million increase in using cash flow from the previous year and design wins at 3.4 billion.

The video concludes with a look at the M&A deals, showcasing the company’s growth strategy and their unchanged guidance for 2023, projecting revenues of approximately 1.2 billion.

Chapters

Q2 Results & Company Highlights
KPIs 6M 2023
The New Kontron
Kontron Group Balance Sheet: Equity and liquidity very strong
Additional Disclosures: Q2-2023
M&A deals: Telit Cinterion & Comlab AG: Two IoT business-relevant deals successfully completed in Q2
Margin improvement strategy (MIS): Focus on “Software + Solutions” segment
M&A strategy: replace sold IT segment by strategic IOT acquisitions
The New Kontron: Confident in guidance 2023 – better operational performance

Resources

Host

Clemens Billek
CFO | Kontron AG

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