Annuncio • May 29
Primepulse SE proposed to acquire Telealarm Europe Gmbh from KATEK SE (HMSE:KTEK) for €39 million. Primepulse SE proposed to acquire Telealarm Europe Gmbh from KATEK SE (HMSE:KTEK) for €39 million on May 29, 2024. TeleAlarm generated revenues of around €24 million in 2023 with 50 employees. Annuncio • May 17
Delisting of Katek SE to Take Place on 17 May 2024 Kontron Acquisition GmbH ("Bidder"), an indirect wholly owned Kontron subsidiary, announces the successful completion of the mandatory and delisting tender offer made to the shareholders of Katek SE. The offer, published on 15 April 2024 with a four-week acceptance period until 13 May 2024, 24:00 hours (CEST), was accepted for in total 3,899,610 Katek shares, there of 3,694,942 shares in exchange for the cash consideration of EUR 15 per share and 204,668 shares in exchange for Kontron shares. This corresponds to approx. 26.9950% of all Katek shares. As a result, Kontron Acquisition GmbH as of May 16, 2024 will hold a total of 87.31% of all shares in Katek SE after completion of the delisting tender offer. The delisting of Katek SE will take place on 17 May 2024, 24:00 hours (CEST), with effectiveness of the revocation of the admission of the Katekshares (ISIN: DE000A2TSQH7) to trading on the Regulated Market of the Frankfurt Stock Exchange and in the sub-segment of the Regulated Market with additional post-admission obligations (Prime Standard). After this date, the shares of Katek SE can no longer be traded on the Frankfurt Stock Exchange and the post-admission obligations will no longer apply. Annuncio • Apr 26
KATEK SE to Report Fiscal Year 2023 Final Results on Apr 30, 2024 KATEK SE announced that they will report fiscal year 2023 final results on Apr 30, 2024 Annuncio • Apr 16
Kontron Acquisition Publishes Delisting Tender Offer to KATEK's Shareholders Kontron Acquisition GmbH (‘Bidder’), an indirect, wholly owned Kontron subsidiary, has published the offer document for the mandatory offer to the shareholders of KATEK SE. The German Federal Financial Supervisory Authority (‘BaFin’) authorised the publication of the offer document in advance. Kontron has structured the delisting process to enable the revocation of the admission of the shares of KATEK SE for trading on the Regulated Market of the Frankfurt Stock Exchange. The offer price is EUR 15 per KATEK share (cash consideration). Alternatively, it is possible to exchange 4 KATEK shares for 3 Kontron shares (share consideration). The share consideration can be chosen for up to 2,800,000 KATEK shares in total. In the event that the share consideration is oversubscribed, Kontron shares will be allocated on a pro rata basis. The acceptance period for the offer begins April 15, 2024 and ends at midnight on 13 May 2024 (CEST). Major Estimate Revision • Feb 18
Consensus EPS estimates increase by 65%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €798.0m to €789.5m. EPS estimate rose from €0.37 to €0.61. Net income forecast to grow 615% next year vs 40% growth forecast for Electronic industry in Germany. Consensus price target broadly unchanged at €26.50. Share price was steady at €14.90 over the past week. Annuncio • 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. New Risk • Jan 18
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 German stocks, typically moving 8.6% 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 Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: €0.36 (vs €0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.36 (up from €0.17 loss in 3Q 2022). Revenue: €200.7m (up 11% from 3Q 2022). Net income: €5.27m (up €7.56m from 3Q 2022). Profit margin: 2.6% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. New Risk • Oct 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 German stocks, typically moving 6.1% 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 Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Reported Earnings • Aug 14
Second quarter 2023 earnings released: €0.11 loss per share (vs €0.13 loss in 2Q 2022) Second quarter 2023 results: €0.11 loss per share (improved from €0.13 loss in 2Q 2022). Revenue: €193.8m (up 22% from 2Q 2022). Net loss: €1.60m (loss narrowed 3.4% from 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. New Risk • Jul 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Annuncio • Jul 12
KATEK SE (DB:KTEK) completed the acquisition of Nextek, Inc. KATEK SE (DB:KTEK) signed a share purchase agreement to acquire Nextek, Inc. on November 29, 2022. Nextek generated annual sales of $37 million last fiscal year. John Roberts, chief executive officer of Nextek will continue to site unchanged with his decidated management team. The transaction is subject to the necessary regulatory approvals. The transaction is expected to complete in the first quarter of 2023.KATEK SE (DB:KTEK) completed the acquisition of Nextek, Inc. on July 10, 2023. Price Target Changed • May 15
Price target decreased by 8.2% to €28.00 Down from €30.50, the current price target is an average from 2 analysts. New target price is 77% above last closing price of €15.80. Stock is down 14% over the past year. The company is forecast to post a net loss per share of €0.24 compared to earnings per share of €0.70 last year. Annuncio • Nov 30
KATEK SE (DB:KTEK) signed a share purchase agreement to acquire Nextek, Inc. KATEK SE (DB:KTEK) signed a share purchase agreement to acquire Nextek, Inc. on November 29, 2022. Nextek generated annual sales of $37 million last fiscal year. John Roberts, chief executive officer of Nextek will continue to site unchanged with his decidated management team. The transaction is subject to the necessary regulatory approvals. The transaction is expected to complete in the first quarter of 2023. Price Target Changed • Nov 16
Price target decreased to €30.00 Down from €32.50, the current price target is an average from 2 analysts. New target price is 72% above last closing price of €17.40. Stock is down 40% over the past year. The company is forecast to post a net loss per share of €0.10 compared to earnings per share of €0.70 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: €0.17 loss per share (vs €0.19 loss in 3Q 2021) Third quarter 2022 results: €0.17 loss per share (improved from €0.19 loss in 3Q 2021). Revenue: €181.5m (up 39% from 3Q 2021). Net loss: €2.29m (loss narrowed 11% from 3Q 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Annuncio • Aug 25
KATEK SE Appoints Katrin Fricke as Managing Director At KATEK's Grassau Site on September 1, 2022 KATEK SE announced that Katrin Fricke will take over the role of Managing Director at KATEK's Grassau site on September 1, 2022. With Katrin Fricke, KATEK has gained a highly experienced manager with a strong focus on the electronics industry. She was most recently Director Corporate Strategy & Digitalization at Diehl Controls, and before that worked for many years as Production Director, Head of Logistics, as well as in other leading positions in operations at various industrial companies. She studied mechanical engineering with a focus on production. This makes her the ideal successor to Robert Both, who will be taking on other responsibilities within the KATEK Group. Annuncio • Aug 18
KATEK SE (DB:KTEK) completed the acquisition of Sigmapoint Technologies Inc. KATEK SE (DB:KTEK) signed a comprehensive, exclusive term sheet to acquire Sigmapoint Technologies Inc. on April 6, 2022. KATEK SE signed a purchase agreement to acquire of SigmaPoint Technologies Inc. on May 30, 2022. Chief Executive Officer Dan Bergeron and the full management team will continue to lead SigmaPoint after the acquisition. The transaction is subject to the necessary official approvals, such as the competition authorities. The negotiation of the associated share purchase agreement should be concluded shortly with the closing planned for the end of Q2 at the latest. The transaction is expected to close soon. The closing of the transaction is expected shortly after the publication of the half-year report.
KATEK SE (DB:KTEK) completed the acquisition of Sigmapoint Technologies Inc. on August 16, 2022. Reported Earnings • Aug 17
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €158.9m (up 19% from 2Q 2021). Net loss: €1.66m (loss narrowed 62% from 2Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 18% growth forecast for the Electronic industry in Germany. Price Target Changed • Aug 15
Price target decreased to €29.25 Down from €33.50, the current price target is an average from 2 analysts. New target price is 57% above last closing price of €18.65. Stock is down 39% over the past year. The company is forecast to post earnings per share of €0.28 for next year compared to €0.70 last year. Annuncio • Aug 12
KATEK SE Raises Sales Guidance for the Year 2022 KATEK SE raises sales guidance for the year 2022. For the year, the company is raising its sales forecast for the full year 2022 from the previous EUR 583.3 million to more than EUR 615.0 million. Annuncio • Aug 06
KATEK SE to Report First Half, 2022 Results on Aug 12, 2022 KATEK SE announced that they will report first half, 2022 results on Aug 12, 2022 Buying Opportunity • Jun 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €19.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last year. Meanwhile, the company became loss making. Reported Earnings • May 18
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: €0.046 loss per share (down from €0.93 profit in 1Q 2021). Revenue: €159.6m (up 16% from 1Q 2021). Net loss: €605.0k (down 105% from profit in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 19% growth forecast for the industry in Germany. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €19.50, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Electronic industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €24.32 per share. Buying Opportunity • Mar 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €25.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. 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 €19.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Electronic industry in Germany. Simply Wall St's valuation model estimates the intrinsic value at €28.12 per share. Buying Opportunity • Feb 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €32.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Buying Opportunity • Jan 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €32.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: €0.19 loss per share The company reported a soft third quarter result with weaker control over costs, although losses were stable and revenues were flat. Third quarter 2021 results: Revenue: €131.0m (flat on 3Q 2020). Net loss: €2.57m (flat on 3Q 2020). Annuncio • Jun 02
KATEK SE (DB:KTEK) completed the acquisition 24.3% stake in AISLER B.V. from Lunaix Gmbh. KATEK SE (DB:KTEK) agreed to acquire 24.3% stake in AISLER B.V. from Lunaix Gmbh for €0.9 million on April 15, 2021. Under the terms, KATEK will acquire 1,000 shares of AISLER from Lunaix. Depending on the revenue development within the next five years, the purchase price may increase. In a related transaction, KATEK will subscribe to 1,061 newly issued shares of AISLER for €1.6 million. In the course of the related transaction, KATEK will enter into a share purchase agreement with Lunaix to acquire its shares in AISLER. Post completion, KATEK will hold a total of 2,061 shares of AISLER, which represent holdings of 50.01%, and Platzhalter will control the remaining 2,060 shares, which represent 49.99%.Also, according to AISLER's new shareholders agreement, which will be executed in the course of the related transaction, KATEK will have two call options for the further acquisition of AISLER shares currently held by Platzhalter, and, if certain conditions are fulfilled, under the first call option KATEK will have the right to purchase 50% of the AISLER shares held by Platzhalter, while under the second call option KATEK will have the right, at its sole discretion, to purchase either 50% or 100% of the AISLER shares held by Platzhalter. The closing of the transaction is expected in the second quarter of 2021. Boris Dürr, Peter M. Schäffler, Astrid Wellhöner, Mirko Sickinger of Heuking Kühn Lüer Wojtek acted as legal advisor to KATEK.
KATEK SE (DB:KTEK) completed the acquisition 24.3% stake in AISLER B.V. from Lunaix Gmbh in May 2021. With the majority stake in AISLER, KATEK gains access to an excellent team and the technology base of AISLER. Annuncio • Jun 01
KATEK SE Provides Sales Guidance for the Year 2021 KATEK SE provided sales guidance for the year 2021. For the period, the company expects half a billion in sales.