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Kontron AG (KBCG.DE)

KBCG.DE on Xetra

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Mon, Jul 25 2016

Kontron says Schwirz dismissed as CEO, guidance withdrawn

FRANKFURT, July 25 Kontron AG on Monday said it had dismissed Rolf Schwirz as chief executive and that supervisory board member Sten Daugaard would take over effective immediately.

BRIEF-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

BRIEF-Kontron partners with Connect Tech, Inc

* Announces partner agreement with Connect Tech expanding access to a wider range of come based solutions Source text - http://bit.ly/1U8Nknm Further company coverage: (Gdynia Newsroom)

BRIEF-Kontron to appoint new CFO

* Announces changes in its CFO position. Michael Boy, previously responsible CFO, has resigned as a member of management board with immediate effect

BRIEF-Kontron Q1 revenue down 9.1 pct to 89.5 mln euros

* Shows seasonally subdued start to 2016, annual guidance confirmed

BRIEF-Kontron FY 2015 revenue up 2.4 pct at EUR 467.7 mln

* FY 2015 revenues grow by 2.4 pct to 467.7 million euros (2014: 456.8 million euros)

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