Reported Earnings • May 07
First quarter 2026 earnings released: EPS: €0.22 (vs €0.33 in 1Q 2025) First quarter 2026 results: EPS: €0.22 (down from €0.33 in 1Q 2025). Revenue: €382.2m (down 4.0% from 1Q 2025). Net income: €14.0m (down 30% from 1Q 2025). Profit margin: 3.7% (down from 5.0% in 1Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: €2.26 (vs €1.42 in FY 2024) Full year 2025 results: EPS: €2.26 (up from €1.42 in FY 2024). Revenue: €1.65b (down 4.2% from FY 2024). Net income: €139.2m (up 59% from FY 2024). Profit margin: 8.4% (up from 5.1% in FY 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €19.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the IT industry in Europe. Total returns to shareholders of 21% over the past three years. New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Buy Or Sell Opportunity • Dec 01
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to €23.20. The fair value is estimated to be €29.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 75%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period. New Risk • Nov 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: €0.36 (vs €0.39 in 3Q 2024) Third quarter 2025 results: EPS: €0.36 (down from €0.39 in 3Q 2024). Revenue: €411.3m (down 5.8% from 3Q 2024). Net income: €21.9m (down 10% from 3Q 2024). Profit margin: 5.3% (down from 5.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €21.38, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the IT industry in Europe. Total returns to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.32 per share. Buy Or Sell Opportunity • Oct 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €25.22. The fair value is estimated to be €31.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 0.6% per annum over the same time period. New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Share price has been highly volatile over the past 3 months (5.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Sep 15
Now 23% undervalued Over the last 90 days, the stock has risen 5.3% to €25.06. The fair value is estimated to be €32.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are forecast to decline by 0.7% per annum over the same time period. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (5.7% average weekly change). Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: €1.12 (vs €0.35 in 2Q 2024) Second quarter 2025 results: EPS: €1.12 (up from €0.35 in 2Q 2024). Revenue: €505.3m (up 16% from 2Q 2024). Net income: €68.8m (up 220% from 2Q 2024). Profit margin: 14% (up from 4.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 13
Kontron AG Announces Board Changes, Effective June 12, 2025 Kontron AG announced change of natural-person director. Title and name of the previous position holder: Yolanda Wu. Resume of the previous position holder: The director of Kontron AG. Title and name of the new position holder: Mavis Hong. Resume of the new position holder: Finance expert. Reason for the change: Mavis Hong was elected as a director at the Kontron AG AGM. Effective date of the new appointment: June 12, 2025. Upcoming Dividend • Jun 10
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 17 June 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Austrian dividend payers (4.7%). In line with average of industry peers (2.4%). New Risk • May 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). Ankündigung • May 28
Kontron Announces VX3406, 3U VPX Card with Six Ethernet Ports Kontron announced the VX3406, 3U VPX Ethernet board for harsh environments, the first to offer up to six 1000BASE-T ports each managed by a dedicated Ethernet controller, ensuring zero bandwidth attention, superior fault and cybersecurity isolation, and precise traffic prioritization. Designed for C4ISR systems, unmanned platforms and any connected warfare scenario, the ruggedized, low power consumption VX3406 ensures high resilience, secure segmentation and real-time data handling across harsh environments. The VX3406 integrates a powerful 8-port, 8-lane PCIe Gen3 switch offering users the ability to leverage up to four independent 1G/2.5G ports fully supporting TSN/IEEE1388 along with up to two dedicated 1G copper ports, enabling a total of six concurrent 1000BASE-T ports for unrivalled network expansion. Easy integration of TSN-capable controllers across its multiple independent ports avoids the need for legacy deterministic protocols or external switches, ensuring guaranteed delivery and timing precision for demanding embedded aerospace and defense environments. This makes the VX3406 ideal in use cases where low-latency, deterministic Ethernet communication is a prerequisite, including real-time sensor fusion, mission system coordination, control-loop communications and synchronized audio/video streams. The conduction cooled Kontron VX3406 is now available with an air-cooled variant available on request. Buy Or Sell Opportunity • May 07
Now 20% undervalued Over the last 90 days, the stock has risen 15% to €22.56. The fair value is estimated to be €28.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 63%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Ankündigung • May 06
Kontron AG announces Annual dividend, payable on June 20, 2025 Kontron AG announced Annual dividend of EUR 0.6000 per share payable on June 20, 2025, ex-date on June 17, 2025 and record date on June 18, 2025. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued Over the last 90 days, the stock has risen 1.2% to €20.14. The fair value is estimated to be €25.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Feb 19
Now 21% undervalued Over the last 90 days, the stock has risen 23% to €20.80. The fair value is estimated to be €26.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 43%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Ankündigung • Jan 22
Kontron AG Provides Earnings Guidance for the Years 2024 and 2025 Kontron AG provided earnings guidance for the years 2024 and 2025. For the year, the company expects significant organic revenue growth for 2025 to EUR 1.9 billion to EUR 2.0 billion. In terms of operating earnings, Kontron expects even stronger growth to at least EUR 220 million.
Preliminary calculations for the 2024 financial year indicate that the ambitious forecast for the 2024 financial year will be achieved. Revenue is expected to exceed EUR 1.7 billion, more than 40% up on the previous year. New Risk • Jan 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 6.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.2% average weekly change). Minor Risk Dividend is not well covered by cash flows (238% cash payout ratio). Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €17.75, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the IT industry in Europe. Total loss to shareholders of 1.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.31 per share. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: €0.39 (vs €0.30 in 3Q 2023) Third quarter 2024 results: EPS: €0.39 (up from €0.30 in 3Q 2023). Revenue: €447.1m (up 46% from 3Q 2023). Net income: €24.4m (up 30% from 3Q 2023). Profit margin: 5.5% (down from 6.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: €0.35 (vs €0.28 in 2Q 2023) Second quarter 2024 results: EPS: €0.35 (up from €0.28 in 2Q 2023). Revenue: €440.4m (up 53% from 2Q 2023). Net income: €21.5m (up 23% from 2Q 2023). Profit margin: 4.9% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.2% average weekly change). Ankündigung • Jul 09
Kontron AG (XTRA:SANT) commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on November 8, 2023. Kontron AG (XTRA:SANT) commences share repurchases on July 1, 2024, under the program mandated by the shareholders in the Extraordinary Shareholders Meeting held on November 8, 2023. As per the mandate, the company is authorized to repurchase up to 10% of the issued share capital. The shares will be purchased at a price not more than 10% or above the average market price of the last 5 trading days prior to the acquisition of the shares. The repurchased shares will be sold or held in treasury. The authorization will be valid for a period of 30 months from the date of approval.
On June 14, 2024 the company announced a share repurchase program. Under the program, the company will repurchase up to 434,000 shares, representing 0.7% of its share capital, for €10 million. Repurchases of shares may be made up to a price cap of € 23 per share. In addition, the purchase price may not range more than 10% below or above the average price of the last 5 trading days in XETRA trading. The program will commence on July 1, 2024, and last until (and including) December 31, 2024 at the latest. Ankündigung • Jun 02
Kontron AG Introduces the XMC-ETH6 Kontron AG announced the release of the XMC-ETH6, a high-performance Gigabit Ethernet XMC designed to enhance the networking capabilities of VPX or VME Single Board Computers (SBCs). The XMC-ETH6 features six ports, providing expanded connectivity options and greater flexibility in network configuration. This increased port count allows users to establish a greater number of connections with a single card, resulting in cost and space savings at the system level. The XMC-ETH6 includes four independent 1G/2.5G ports and two independent 1G copper ports, enabling users to meet diverse network requirements. It features six independent Ethernet controllers, four of which support TSN/IEEE1388 PTP for robust and efficient network performance. Equipped with rugged, highly EMC compliant IEC 61076 standard Harting ix front connectors, the XMC-ETH6 ensures reliable and secure connectivity even in demanding environments. The XMC-ETH 6 offers flexible mounting options and is available in both air-cooled and rugged conduction-cooled versions. The air-cooled variant features front panel Ethernet connectors that comply with the IEC 'IX' Ethernet industrial standard, offering easy locking, enhanced robustness and improved EMC resistance. The reduction-cooled version is well-suited for harsh environments such as defence or transportation applications due to its rugged design. Featuring an 8-port, 8-lane PCIe Gen3 switch, the XMC-ETH 6 ensures global reliable bandwidth for high-performance applications, enabling stable and efficient data transfer. A 3U VPX format version is also available on request, with the same interfaces for seamless integration into existing systems. Upcoming Dividend • Apr 30
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 07 May 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 42% and the cash payout ratio is 90%. Trailing yield: 2.6%. Lower than top quartile of Austrian dividend payers (5.9%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: €1.19 (vs €0.19 loss in FY 2022) Full year 2023 results: EPS: €1.19 (up from €0.19 loss in FY 2022). Revenue: €1.25b (up 15% from FY 2022). Net income: €75.3m (up €87.5m from FY 2022). Profit margin: 6.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Mar 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (390% payout ratio). Share price has been volatile over the past 3 months (4.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). New Risk • Feb 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (390% payout ratio). Share price has been volatile over the past 3 months (3.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Ankündigung • Jan 19
Kontron AG (XTRA:SANT) concluded an agreement to acquire 59.42656% stake in KATEK SE (XTRA:KTEK) from Primepulse SE for approximately €130 million. Kontron AG (XTRA:SANT) concluded an agreement to acquire 59.42656% stake in KATEK SE (XTRA:KTEK) from Primepulse SE for approximately €130 million on January 18, 2024. Upon completion, Kontron will gain control over KATEK SE and will therefore be obliged to submit a mandatory offer to the shareholders of KATEK SE to acquire all outstanding shares of KATEK SE. The Supervisory Board of KATEK SE and CEO Rainer Koppitz also agreed today that Koppitz will leave the Management Board of KATEK SE by mutual agreement with effect from the end of February 29, 2024 and Johannes Fues, that he will remain on the Management Board for the transitional period until April 30, 2024 and will then also leave on the best of terms. After obtaining control, Kontron Acquisition GmbH aims to delist Katek SE from the regulated market of the Frankfurt Stock Exchange. The closing of this agreement is still subject to conditions precedent, in particular the granting of the necessary antitrust approvals, and is expected to take place in March 2024. Martina Schaaf of RSM Ebner Stolz GmbH acted as advisor to Kontron. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: €0.30 (vs €0.089 in 3Q 2022) Third quarter 2023 results: EPS: €0.30 (up from €0.089 in 3Q 2022). Revenue: €309.8m (up 15% from 3Q 2022). Net income: €18.8m (up 233% from 3Q 2022). Profit margin: 6.1% (up from 2.1% in 3Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 29
Kontron AG (XTRA:SANT) agreed to acquire Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) for €22.1 million. Kontron AG (XTRA:SANT) agreed to acquire Hartmann Electronic Gmbh and W-IE-NE-R Power Electronics Corp. from Phoenix Mecano AG (SWX:PMN) for €22.1 million on August 28, 2023. The purchase price is €22.1 million subject to adjustment depending on the balance sheet upon closing. Hartmann Electronic and W-IE-NE-R Power Electronics has reported revenues of around €18 million and EBITDA of approximately €3 million in 2022. The closing of the transaction is expected by Q4. Ankündigung • Aug 22
Kontron Develops the New Linux Based SecureOS Operating System That Provides Security and Data Protection for IoT Solutions in Critical Areas Kontron has developed the new Linux based SecureOS operating system that provides security and data protection for IoT solutions in critical areas. Data security is crucial for Kontron's customers and SecureOS safeguards IoT solutions against remote control by intruders, hackers, or surveillance by third parties. Kontron is broadening its products and solutions mix and has started marketing its new SecureOS software solution against any remote interference in infrastructure projects. It safeguards IoT solutions against new threats from the internet and hostile infrastructure attacks. It can be combined with most of Kontron's product platforms and further expands the susietec toolset family. This solution will not only significantly increase security standards but also cut down OPEX by at least 15%. As a first customer, a leading global supplier with an international service network for industrial and municipal plant operators will soon introduce SecureOS. The solution includes next to SecureOS further susietec toolset functionalalities and will support the critical water as well as wastewater infrastructure of millions of people in Central Europe. In this case, SecureOS provides detailed insights into the operating status of the pumps and guarantees continuous monitoring during operation while safeguarding against intruders and surveillance from third parties. Smart additional functions such as automated emergency shutdowns prevent pumps from being damaged or destroyed. Unlike other IoT solutions, Kontron operates from a neutral country safeguarding the highest security standards for infrastructure projects, also endorsed by governmental entities. For Kontron, a leading IoT provider listed on the TecDAX and SDAX of the German Stock Exchange, expanding the product mix with security software will be another driver of gross margin expansion in the coming years. Secure OS and susietec as a whole - together with Kontron's transportation business - comprise fast-growing business segment "Software + Solutions". It amounts to currently below 20% of Kontron's revenues but will turn into the biggest segment by 2025 and will have a revenue share of more than 50% by 2027. SecureOS will further expand its susietec toolset family which now consists of 10 specialized software and 9 hardware products paired with years of expertise. It is ranging from EquipmentCloud which turns factories smart using predictive maintenance and machine learning to newly launched SecureOS which guarantees that embedded hardware devices in the field are secure and up to date. All products communicate seamlessly with each other, and customers can add as many products as needed and as little as they want. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €0.28 (vs €0.14 in 2Q 2022) Second quarter 2023 results: EPS: €0.28 (up from €0.14 in 2Q 2022). Revenue: €288.5m (up 15% from 2Q 2022). Net income: €17.4m (up 93% from 2Q 2022). Profit margin: 6.0% (up from 3.6% in 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (4.2% average weekly change). Ankündigung • Jun 01
Kontron and ThinKom Deliver Exceptional Network Flexibility with Readily Available Ka-band SATCOM Antenna Platform Kontron announced its collaboration with ThinKom to demonstrate and make readily available a highly flexible Ka-band SATCOM solution to the avionics market. The multi-modem architecture consists of Kontron's proven ACE Flight 4783 dual modem MODMAN server integrated with ThinKom's ThinAir Ka2517 phased-array satcom antenna system that offers unparalleled service provider agility. airlines and integrators can leverage the open architecture solution, which enables multi-orbit interoperability between GSO and NGSO satellites, to provide more coverage and become entirely network agnostic today, while being future-proof for tomorrow. Kontron's ACE Flight 4783 Dual Modem MODMAN provides unmatched performance in the smallest footprint by combining server and networking-grade hardware with two satellite modems in a compact, ARINC 791/792 4MCU compliant system. To further enhance capabilities, the MODMAN can be expanded by integrating the Auxiliary Modem Unit (AMU) to support a third modem. This allows extra coverage options, such as another GEO modem or incorporating MEO or LEO connectivity for multi-orbit operations. ThinKom's proven and reliable, high-throughput ThinAir Ka2517 antenna seamlessly operates with multiple modems and networks. It delivers robust, highly efficient satellite communications operating across multiple orbits, packaged in a low-profile footprint to minimize drag and save on fuel. Kontron and ThinKom will be exhibiting at AIX in Hamburg, Germany from June 6 - 8, 2023. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: €0.26 (vs €0.18 in 1Q 2022) First quarter 2023 results: EPS: €0.26 (up from €0.18 in 1Q 2022). Revenue: €289.0m (down 14% from 1Q 2022). Net income: €16.6m (up 43% from 1Q 2022). Profit margin: 5.7% (up from 3.5% in 1Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2022 earnings released: €0.19 loss per share (vs €0.76 profit in FY 2021) Full year 2022 results: €0.19 loss per share (down from €0.76 profit in FY 2021). Revenue: €1.14b (down 16% from FY 2021). Net loss: €12.3m (down 125% from profit in FY 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Ankündigung • Jan 18
Kontron AG (XTRA:SANT) completed the acquisition of Arce Mobility Solutions S.A.U. from Kapsch TrafficCom AG (WBAG:KTCG). Kontron AG (XTRA:SANT) agreed to acquire Arce Mobility Solutions from Kapsch TrafficCom AG (WBAG:KTCG) on August 29, 2022. The transaction is subject to regulatory approvals.
Kontron AG (XTRA:SANT) completed the acquisition of Arce Mobility Solutions S.A.U. from Kapsch TrafficCom AG (WBAG:KTCG) on January 17, 2023. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 16% share price gain to €18.77, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the IT industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.90 per share. Ankündigung • Dec 31
Axians completed the acquisition of IT services business of Kontron AG from Kontron AG (XTRA:SANT). Axians agreed to acquire IT services business of Kontron AG from Kontron AG (XTRA:SANT) for €400 million on August 10, 2022. The agreement is subject to approval from the relevant competition authorities. Houlihan Lokey acted as financial advisor to Kontron AG and a broker fee of approximately €3.2 million will be paid for Houlihan Lokey. Christoph Moser, Angelika Fischer, Maximilian Lang, Sascha Schulz, Michael Marschall, Christoph Haid, Günther Leissler, Johannes Stalzer, Constantin Benes, Marco Thorbauer, Michael Woller, Dina Vlahov Buhin, Ksenija Sourek, Michal Jendzelovsky, Vladimir Iurkovski, Andrian Guzun, Jovan Barovic, Pawel Halwa, Luka Lopicic, Djordje Trifunovic, Sona Hekelova, Jan Farbiak, Andrea Radonjanin and Andrea Lazarevska of Schönherr Rechtsanwälte Gmbh, and Krenar Loloci and Vera Batalli of Loloci & Associates acted as legal advisor to Kontron AG. Pinsent Masons LLP lead by Nina Leonard and Christian Lang assisted Kontron AG as to German law and Wenger Vieli AG lead by Beat Speck and Anna Tomaschek as to Swiss law. The purchaser VINCI Energies S.A. was legally advised by Baker & McKenzie, led by partner Peter Wand of Germany. Gunther Reiter and Gerald Eibisberger of PwC-Österreich-Gruppe acted as accountant to Kontron. Gerrit Schütte, Gerrit Bückins, Andreas Haselbach, Gabriel Berenstein and Stefan Brückl of Goetzpartners acted as due diligence providers to Kontron AG.
Axians completed the acquisition of IT services business of Kontron AG from Kontron AG (XTRA:SANT) on December 29, 2022. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: €0.089 (vs €0.16 in 3Q 2021) Third quarter 2022 results: EPS: €0.089 (down from €0.16 in 3Q 2021). Revenue: €270.4m (down 16% from 3Q 2021). Net income: €5.65m (down 45% from 3Q 2021). Profit margin: 2.1% (down from 3.2% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Ankündigung • Aug 30
Kontron AG (XTRA:SANT) agreed to acquire Arce Mobility Solutions.. Kontron AG (XTRA:SANT) agreed to acquire Arce Mobility Solutions on August 29, 2022. Ankündigung • Aug 11
Kontron Ag Announces CFO Changes Ennoconn Corporation announced the change of CFO of its subsidiary, Kontron AG. Name, title, and resume of the previous position holder: Richard Neuwirth, The former CFO of Kontron AG. Name, title, and resume of the new position holder: Clemens Billek, The CFO of Kontron AG. Effective date is August 10, 2022. Reported Earnings • Aug 07
Second quarter 2022 earnings released: EPS: €0.20 (vs €0.16 in 2Q 2021) Second quarter 2022 results: EPS: €0.20 (up from €0.16 in 2Q 2021). Revenue: €339.6m (up 9.4% from 2Q 2021). Net income: €12.8m (up 23% from 2Q 2021). Profit margin: 3.8% (up from 3.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.8% compared to a 7.4% decline forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Ankündigung • Jun 23
Kontron Introduces the D3723-R mITX Industrial Motherboard At Embedded World 2022 Kontron introduced the D3723-R mITX industrial motherboard at embedded world 2022, based on the AMD Ryzen™ Embedded R2000 line, which was developed in Germany and will also be produced there in the future. Compared to V/R1000 APUs (Accelerated Processing Units) from AMD, it delivers higher performance. Besides the lower price, the new model also convinces with Windows 11 support and a long life cycle of seven years. Like all Kontron motherboards with the denomination D3xxx or K3xxx, the D3723-R is produced in Germany. The AMD Radeon™ Vega GPU integrated in the SoC (Vega 3, 6 or 8 are available) ensures particularly brilliant graphics and supports up to four independent displays in 4K resolution. Two SO-DIMM memory modules, fast DDR4-2666 or 3200 with a maximum of 32 GB, Dual Channel and ECC support are used as memory. The motherboard also offers extensive interfaces, including Dual GbE, COM (RS232, RS422, RS485), USB 3.1 Gen2, M.2 (Key-M, Key-B) and much more. A wide-range DC input (8V - 36V) also allows for universal operation in a wide variety of applications. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €13.30, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the IT industry in Europe. Total loss to shareholders of 31% over the past three years. Upcoming Dividend • May 16
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Austrian dividend payers (4.6%). Higher than average of industry peers (1.9%). Upcoming Dividend • May 02
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Austrian dividend payers (4.7%). Higher than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 26% share price gain to €15.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the IT industry in Europe. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €11.43, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the IT industry in Europe. Total loss to shareholders of 46% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 16% share price gain to €15.72, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the IT industry in Europe. Total loss to shareholders of 20% over the past three years. Ankündigung • Jan 18
S&T AG Provides Earnings Guidance for the Year 2022 S&T AG provided earnings guidance for the year 2022. For the year, company expects revenue of EUR 1.5 billion. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 33% share price decline to €13.13, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 24x in the IT industry in Europe. Total loss to shareholders of 14% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.16 (vs €0.18 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €321.5m (up 6.3% from 3Q 2020). Net income: €10.2m (down 14% from 3Q 2020). Profit margin: 3.2% (down from 3.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 16% share price gain to €23.04, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 23x in the IT industry in Europe. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.00 per share. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.16 (vs €0.15 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: €311.9m (up 15% from 2Q 2020). Net income: €10.4m (up 2.9% from 2Q 2020). Profit margin: 3.3% (down from 3.7% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Jun 09
S&T AG Provides Earnings Guidance for the Year 2021 and 2023 S&T AG provided earnings guidance for the fiscal 2021 and 2023. The Executive Board report confirmed S&T AG's good start to the 2021 financial year, as well as the company's business forecasts for the current 2021 financial year and its targets up to 2023. S&T plans to achieve revenues of at least EUR 1.4 billion in 2021, as well as to increase earnings per share to EUR 1.
As part of its "Agenda 2023", the company plans to grow revenues up to EUR 2 billion. Reported Earnings • May 09
First quarter 2021 earnings released: EPS €0.16 (vs €0.15 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: €300.3m (up 9.7% from 1Q 2020). Net income: €10.1m (up 5.8% from 1Q 2020). Profit margin: 3.4% (down from 3.5% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Ankündigung • May 07
S&T AG Provides Earnings Guidance for the Year 2021 S&T AG provided earnings guidance for the year 2021. For the year, the company expects revenue of EUR 1,400 million and EPS of EUR 1. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS €0.86 (vs €0.75 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.27b (up 12% from FY 2019). Net income: €55.6m (up 13% from FY 2019). Profit margin: 4.4% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 17
New 90-day high: €21.96 The company is up 16% from its price of €19.01 on 18 November 2020. The Austrian market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.60 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 15% share price gain to €21.80, the stock is trading at a trailing P/E ratio of 26.9x, up from the previous P/E ratio of 23.3x. This compares to an average P/E of 25x in the IT industry in Europe. Total returns to shareholders over the past three years are 2.3%. Is New 90 Day High Low • Jan 20
New 90-day high: €21.00 The company is up 18% from its price of €17.78 on 22 October 2020. The Austrian market is up 35% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.35 per share. Ankündigung • Jan 19
S&T AG to Report Fiscal Year 2020 Results on Mar 25, 2021 S&T AG announced that they will report fiscal year 2020 results on Mar 25, 2021 Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS €0.18 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €303.7m (up 7.1% from 3Q 2019). Net income: €11.8m (up 8.9% from 3Q 2019). Profit margin: 3.9% (up from 3.8% in 3Q 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 14% compared to a 6.5% decline forecast for the IT industry in Austria. Ankündigung • Nov 07
S&T AG Raises Earnings Guidance for the Year of 2020 S&T AG raised earnings guidance for the year of 2020. For the year, the company increases revenue guidance to be EUR 1.2 billion against previous guidance of EUR 1.15 billion. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to €18.37, the stock is trading at a trailing P/E ratio of 23.7x, up from the previous P/E ratio of 20.3x. This compares to an average P/E of 21x in the IT industry in Europe. Total return to shareholders over the past year is a loss of 8.8%. Is New 90 Day High Low • Oct 27
New 90-day low: €15.93 The company is down 29% from its price of €22.30 on 29 July 2020. The Austrian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.60 per share. Is New 90 Day High Low • Sep 23
New 90-day low: €21.74 The company is down 6.0% from its price of €23.12 on 25 June 2020. The Austrian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.12 per share. Ankündigung • Sep 22
Charles Dickson acquired a 25% stake in Gericom AG (DB: GRO). Charles Dickson acquired a 25% stake in Gericom AG (DB: GRO) on June 5, 2007.
Charles Dickson completed the acquisition of a 25% stake in Gericom AG (DB: GRO) on June 5, 2007. Ankündigung • Sep 11
S&T AG (XTRA:SANT) completed the acquisition of 0.75% stake in Kontron S&T AG for €28.9 million. S&T AG (XTRA:SANT) made an offer to acquire remaining unknown stake in Kontron S&T AG on August 26, 2019. Pursuant to the terms of offer, S&T AG will pay €4.85 per share as a purchase consideration. There will be no condition of minimum tender. The acceptance period for the offer will start on August 26, 2019 and will end on October 31, 2019.
S&T AG (XTRA:SANT) completed the acquisition of 0.75% stake in Kontron S&T AG for €28.9 million on December 31, 2019. Post-completion, S&T AG increased its stake to 95.9%. Ankündigung • Aug 11
S&T AG (XTRA:SANT) completed the acquisition of Iskratel, d.o.o. S&T AG (XTRA:SANT) signed a contract to acquire Iskratel, d.o.o. for €37.5 million on June 30, 2020. The fixed price of €37.5 million corresponds to a revenue multiple of around 0.35. Variable prices are also agreed depending on future profit developments. S&T can draw on approximately 500 cost-efficient software engineers of Iskratel. Iskratel generated sales of €115 million for the year ended December 31, 2019. The transaction is subject to official approvals. The transaction is scheduled for closing in autumn 2020.
S&T AG (XTRA:SANT) completed the acquisition of Iskratel, d.o.o. in July 2020. 
