Edition:
United States

Kontron AG (KBCG.DE)

KBCG.DE on Xetra

3.18EUR
23 Jun 2017
Change (% chg)

€0.01 (+0.25%)
Prev Close
€3.17
Open
€3.16
Day's High
€3.19
Day's Low
€3.16
Volume
84,794
Avg. Vol
90,257
52-wk High
€3.39
52-wk Low
€2.18

Latest Key Developments (Source: Significant Developments)

S&T confirms 2017 sales forecast after Q1 results
Friday, 5 May 2017 01:30am EDT 

May 5 (Reuters) - S&T Ag :Says revenues from sales rise to eur 182.8 mio (py: eur 96.4 million).Says ebitda increases to eur 12.2 million (py: eur 6.3 million).Says confirm its forecast of attaining sales of more than eur 860 to 890 million in current financial year.Says ebtida is expected to rise substantially to more than eur 50 million for year as a whole.Says envisioned for financial year 2018 is exceeding of one billion euro mark in sales.  Full Article

Kontron Q1 net result swings to profit of 0.15 million euros
Friday, 5 May 2017 01:00am EDT 

May 5 (Reuters) - Kontron AG ::Q1 net result for period of 150 thousand euros marks a return to profit zone (Q1 16: net loss of 6.5 million euros).Q1 revenues of 92.4 million euros comparable to prior year (Q1 2016: 89.5 million euros).Is forecasting similar revenues and seasonal fluctuations in fiscal year 2017 as in 2016 fiscal year.Merger plans on track.FY gross profit margin is expected to rise to over 25 pct on account of partnerships with ennoconn and s&t.Expects EBIT to be positive in 2017.New restructuring program is expected to produce annual cost savings of over 15 million euros, most of which were already realized in Q1 of 2017.Q1 EBIT improved to 2.2 million euros (Q1 2016: -6.1 million euros).  Full Article

Kontron decides to increase its share capital by 10%
Friday, 7 Apr 2017 01:27am EDT 

Kontron AG : Said on Thursday decided that the share capital of the company shall be increased from currently 55,683,024.00 euros by 5,568,301.00 euros to 61,251,325.00 euros ($65.23 million) against cash contributions . Issuance of 5,568,301 new bearer shares having a pro rata amount of the share capital of 1.00 euro per share with dividend right as of Jan. 1, 2016 . Excluding subscription rights of the existing shareholders the New Shares will be subscribed for a subscription price of 3.02 euros by S&T Deutschland Holding AG, Ismaning, holding currently about 29.9 percent of the share capital of the Company .Company will cash in about 16.8 million euros (gross) from this capital increase.  Full Article

Kontron FY revenue fell 17.7 percent
Thursday, 6 Apr 2017 01:00am EDT 

Kontron AG : FY revenue fell 17.7 percent to 385.1 million eur . Revenues eur 385.1 million (-17.7 % on 2015: eur 467.7 million) . Order intake eur 361.5 million (-7.7 % on 2015: eur 391.8 million) . Kontron AG - due to decline in order intake, revenues are forecast to remain comparable in 2017 fiscal year . EBIT adjusted for restructuring cost and non-recurring costs comes to eur - 58.8 million (2015: eur 14.5 million) .Kontron AG - 2017 gross margin is anticipated to rise again to over 25 % on account of partnerships with ennoconn and s&t..  Full Article

Kontron says restructures company's financing
Monday, 6 Feb 2017 02:28am EST 

Kontron AG : Said on Friday had successfully restructured its financing and thereby laid the foundation for the effective continuation of the companies' operational restructuring .Financing was ensured through a majority of new financing partners, as well as a financing commitment from S&T AG.  Full Article

Kontron: Thomas Riegler resigns from management board position
Wednesday, 25 Jan 2017 11:59am EST 

Kontron AG : Finance and Chief Restructuring Officer dr. Thomas Riegler resigns from office by mutual agreement after securing refinancing . Thomas Riegler informed supervisory board of Kontron AG that he will resign from his management board position with effect from Jan. 31, 2017. . Stefan Franke, head of finance at Kontron, who has been with kontron for nearly three years takes over responsabilties .Appointment of a new member of management board is planned to be decided shortly.  Full Article

Kontron Q3 revenue down 21.1 pct to EUR 89.5 million
Thursday, 27 Oct 2016 01:00am EDT 

Kontron AG : Kontron announces Q3 results in line with revised expectations for full year 2016 . Q3 revenues 89.5 million euros(down 21.1 % on 3Q15: 113.4 million euros) . Q3 order backlog 261.7 million euros (down 18.4 % on 3q15: 320.7 million euros) . Q3 EBIT loss net of restructuring cost and non-recurring costs comes to 6.7 million euros (3q15: 5.1 million euros) . Kontron expects revenues in second half of 2016 to remain comparable to first six months . Expects adjusted EBIT margin and gross margin are likely to be lower in second half of 2016 than in first six months . Q3 order intake 79.0 million euros (down 29.0 % on 3q15: 111.2 million euros) .New restructuring program commenced.  Full Article

S&T to acquire a stake of up to 29.9 pct in Kontron
Wednesday, 12 Oct 2016 06:00am EDT 

S&T AG : In advanced negotiations with Foxconn subsidiary Ennoconn about investment in S&T AG . Negotiations with Ennoconn corporation regarding an investment of Ennoconn corporation in S&T AG in the course of a 10 percent cash capital increase . Capital would thus rise from 43,916,204 euros to 48,299,824 euros ($54.10 million) . S&T AG intends to use the cash inflow from the cash capital increase to acquire a stake of up to 29.9 percent in Kontron AG, Augsburg .Management board of S&T AG announced that it is in advanced negotiations with Kontron AG shareholders to acquire a total of up to 29.9 percent of Kontron AG shares.  Full Article

Kontron withdraws its guidance for 2016
Friday, 15 Jul 2016 01:52am EDT 

Kontron AG : Kontron withdraws its guidance for 2016 . Says revenues, gross margin and adjusted EBIT margin are expected not to meet 2016 guidance given earlier this year and kontron also expects significant impairments regarding goodwill and capitalized development projects . Announces that revenue weakness encountered during first half of year is unlikely to be recovered during second half considering most recent forecast review that has just been completed .Says managemement board will initiate a further extensive program in order to address revenue development as well as counter measures on cost side.  Full Article

Kontron partners with Connect Tech, Inc
Monday, 6 Jun 2016 04:41am EDT 

Kontron AG :Announces partner agreement with Connect Tech expanding access to a wider range of come based solutions.  Full Article

More From Around the Web

BRIEF-Kontron Q1 net result swings to profit of 0.15 million euros

* Q1 net result for period of 150 thousand euros marks a return to profit zone (Q1 16: net loss of 6.5 million euros)