Kontron AG Reports Strong Q1 2024 Results with Strategic Gains

Kontron AG, a leader in IoT technology, announced a significant 36% increase in revenue for Q1 2024. The revenue totaled EUR 356.1 million, compared to EUR 262 million from the same period last year. This surge includes a EUR 54.1 million contribution from the recent integration of Katek, a move finalized on March 1, 2024.

The company's gross margin stood firm at 41.3%, reflecting the strategic shifts towards IoT-focused operations. Kontron's EBITDA rose to EUR 35.4 million, marking a 19.6% increase from the previous year's EUR 29.6 million. This performance underscores a strong start, projected to continue through the year with a forecasted 33% growth in profits.

Further financial stability is evident from Kontron's equity rise to EUR 670 million, assisted by the Katek acquisition, lifting total assets to EUR 1,884 million. The cash position remains robust at EUR 356 million, demonstrating solid funding post-acquisition. The company now eyes a 33% net profit increase to EUR 100 million for 2024 and an expected 50% jump in EBITDA to EUR 190 million.

CEO Hannes Niederhauser highlighted the ongoing integration of Katek and the bolstering of profitability as 2024's primary focus. The seamless inclusion of IoT solutions like susietec®, KontronOS, and Kontron Grid into Katek’s products is set to enhance customer value significantly.