09.06.2016
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DGAP-News: Kontron AG reports first progress with implementing its new strategy
DGAP-News: Kontron AG / Key word(s): AGM/EGM
Kontron AG reports first progress with implementing its new strategy
09.06.2016 / 14:34
The issuer is solely responsible for the content of this announcement.
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Augsburg, Germany, June 9, 2016 - Kontron AG, a leading global provider of
Embedded Computing Technology (ECT), today gave testimony of its fiscal
year 2015 and reported first steps towards the implementation of its new
strategy.
After an adjustment had become necessary in October 2015, the company has
achieved all its updated targets for the year. CEO Rolf Schwirz emphasised
that, since his assumption of Kontron's leadership at the beginning of
2013, the business generated solid growth in all of its core areas, as well
as raising profitability significantly. In addition, he reported initial
successes at implementing the new strategy announced in May 2015: in order
to take advantage of long-term trends such as the Internet of Things and
Industry 4.0, Kontron is focusing on positioning itself as a combined
middleware and hardware provider. The company has taken decisive steps
towards the development of its first IoT platform. Also, its business in
the growth region Asia has increased substantially and was strengthened
further by the partnership with Ennoconn which was announced in January and
finalized in April 2016. And finally, its sales organization, streamlined
in April 2016, has boosted its effectiveness for selling standardized and
customized products.
"We are closer to the end of our difficult transformation process",
comments CEO Rolf Schwirz. "I am looking forward to another exciting period
at Kontron".
Shareholders present at the AGM have approved the actions of the
supervisory and management boards during 2015, and passed all proposed
resolutions with large majorities.
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About Kontron
Kontron, a global leader in embedded computing technology and trusted
advisor in IoT, provides a complete and integrated portfolio of hardware,
software and services. Kontron creates many of the standards that drive the
world's embedded computing platforms, bringing to life numerous
technologies and applications. The result is an accelerated time-to-market,
reduced total-cost-of-ownership, product longevity and the best possible
overall application with leading-edge, highest reliability embedded
technology. Kontron is a listed company. Its shares are traded in the Prime
Standard segment of the Frankfurt Stock Exchange and on other exchanges
under the symbol "KBC". For more information, please visit: www.kontron.com
For further information:
Chari Lazaridis
Head of Global Corporate Communications
Kontron AG
Tel: +49 (0) 821 4086 484
[email protected]
Alexandra Habekost
Head of Investor Relations
Kontron AG
Tel: +49 (0) 821 4086 114
[email protected]
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09.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Kontron AG
Lise-Meitner-Straße 3-5
86156 Augsburg
Germany
Phone: 00498214086114
Fax: 00498214086122
E-mail: [email protected]
Internet: www.kontron.com
ISIN: DE0006053952
WKN: 605395
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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