15.07.2016
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DGAP-Adhoc: Kontron withdraws its guidance for 2016
Kontron AG / Key word(s): Forecast
15.07.2016 07:51
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Augsburg, Germany, July 15, 2016 - Kontron AG, a leading global provider of
Embedded Computing Technology (ECT), announces that the revenue weakness
encountered during the first half of the year is unlikely to be recovered
during the second half considering the most recent forecast review that has
just been completed. As a consequence, revenues, gross margin and adjusted
EBIT margin are expected not to meet the 2016 guidance given earlier this
year and Kontron also expects significant impairments regarding goodwill
and capitalized development projects.
The Managemement board will initiate a further extensive program in order
to address the revenue development as well as counter measures on the cost
side.
Kontron will provide further information with the publication of the Q2
results on July 26, 2016.
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About Kontron:
Kontron, a global leader in embedded computing technology and a pioneer in
secure IoT platform solutions, provides a combined portfolio of hardware,
middleware and services. With its leading-edge standard products and
customized solutions, Kontron enables new technologies and applications
across multiple industries.
As a result, customers benefit from accelerated time-to-market, reduced
total cost of ownership, product longevity and the best overall application
with the highest reliability in 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 more 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]
15.07.2016 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 Announcement DGAP News-Service
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