Product category: Embedded Computing and Control
News Release from: Kontron UK
Edited by the Electronicstalk Editorial Team on 04 April 2007

Record year for embedded computing
specialist

Embedded computing specialist breaks euro 100 million revenue barrier for a quarter and increases net profit by 56%

For the financial year 2006, Kontron AG, on a purely organic basis, realised a record rate of revenue growth of 35%, with a rise to euro 405 million (compared to euro 300 million in 2005), and an increase of 56% in net profit to euro 25.7 million, compared to euro 16.5 million in 2005 In the best year in the company's history, operating cash flow over the same period doubled to nearly euro 23.4 million and the company's liquidity was up by euro 11 million, resulting in a cash position of over euro 64 million

"This solid financial situation will allow us to once again increase the dividend payout for shareholders for the 2006 financial year, compared to 2005, and to continue with our stock purchase program", states CEO Hannes Niederhauser at the company's balance sheet press conference in Munich.

For 2007, CEO Niederhauser expects "a further double-digit increase in revenue, and net earnings growth at a faster rate".

Following the dynamic development of business in the first half of the year, and breaking the euro 100 million revenue barrier for the first time in the third quarter, Kontron AG continued to power ahead in the final three months of the 2006 business year with sales reaching a new historic record level of euro 119 million.