Kontron AG (KOTFY.PK,KOTRF.PK,KTN.DE) Wednesday said that its consolidated net income rose in the nine-month period, helped by higher order intake of around 1.55 billion euros. Sales, however, fell from the year-ago period and the company also reiterated its annual guidance.
The Austrian company specializing in IoT technologies reported consolidated net income after minority interests of 110.8 million euros or 1.80 euros per share in the first nine months, higher than 62.3 million euros or 1.01 euros per share in the same period last year.
During the nine-month period, EBITDA climbed 37 percent to 193.6 million euros from 141.4 million euros in the corresponding period a year ago. The company said that operating EBITDA margin came in at 12.5 percent in the given period, higher from last year's 11.7 percent.
According to Kontron, nine-month sales declined to 1.18 billion euros from 1.21 billion euros in the previous-year period, impacted by the divestment of the COM business.
Looking ahead, the company reaffirmed its outlook for fiscal 2025 of revenue to be around 1.7 billion euros and EBITDA at around 270 million euros.
On the XETRA Exchange, KTN.DE ended Tuesday's trading at 21.18 euros, down 2.3 percent.
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