Kontron Action Forum

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (-2,66 %)

- BERNSTEIN raises the price target for QUALCOMM from USD 200 to USD 215. Outperform. $QCOM (-0,3 %)

- UBS raises the price target for LYFT from USD 13 to USD 18. Neutral. $LYFT (+0,66 %)

- BARCLAYS raises the price target for SIEMENS HEALTH from EUR 60.50 to EUR 62.50. Overweight. $SHL (-1,29 %)

- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (-1,11 %)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (-2,01 %)

- WARBURG RESEARCH raises the price target for ZEAL NETWORK from EUR 59 to EUR 64. Buy. $TIMA (+0,12 %)

- GOLDMAN raises the price target for VONOVIA from EUR 42.70 to EUR 43.70. Buy. $VNA (+2,7 %)

- BARCLAYS raises the price target for AHOLD DELHAIZE from EUR 30 to EUR 31. Equal-Weight. $AD (+0,73 %)

- BARCLAYS raises the target price for FMC from EUR 38.50 to EUR 39. Equal-Weight. $FMC (-1,11 %)

- JPMORGAN raises the target price for COMMERZBANK from EUR 18 to EUR 18.40. Overweight. $CBK (-1,43 %)

- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (+0,67 %)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (+0,07 %)

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- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+5,8 %)

- DEUTSCHE BANK RESEARCH lowers the price target for NOVO NORDISK from DKK 1100 to DKK 1000. Buy. $NOVO B (+0,73 %)

- RBC lowers the price target for NIKE from 82 USD to 80 USD. Sector Perform. $NKE (+0,58 %)

- ODDO BHF downgrades ASM INTERNATIONAL to Outperform. Target price EUR 960. $ASM (-1,38 %)

- KEPLER CHEUVREUX downgrades HENSOLDT from Buy to Hold. Target price EUR 34. $HAG (+2,31 %)

- DEUTSCHE BANK RESEARCH lowers the price target for ZALANDO from EUR 40 to EUR 36. Buy. $ZAL (+1,5 %)

- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-2,71 %)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+2,43 %)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (+2,7 %)

- BARCLAYS lowers the price target for TEAMVIEWER from EUR 18 to EUR 15.50. Overweight. $TMV (+2,46 %)

- WARBURG RESEARCH lowers the price target for KLÖCKNER & CO from EUR 6 to EUR 5.70. Buy. $KCOB

- HAUCK AUFHÄUSER IB lowers the target price for NORMA GROUP from EUR 32 to EUR 27. Buy. $NOEJ (-2,65 %)

- WARBURG downgrades EDAG ENGINEERING from Buy to Hold and lowers target price from EUR 13 to EUR 9.50. $ED4 (-1,01 %)

- LBBW lowers the price target for ALLGEIER from EUR 24 to EUR 20. Buy. $AEIA

- BARCLAYS lowers the price target for HENKEL from EUR 79 to EUR 77. Equal-Weight. $HEN (+0,21 %)

- BERENBERG lowers the price target for KRONES from EUR 157 to EUR 154. Buy. $KRN (+0,5 %)

Kontron $KTN (-1,11 %)

Kontron AG, a leading global provider of IoT technology, today announced its results for the third quarter and the first nine months of the 2024 financial year. The company recorded both revenue growth and a significant increase in earnings.

After Katek acquisition: Kontron posts record operating profit

The Austrian technology group Kontron has earned more in its operating business than ever before following the Katek takeover. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter soared by 70 percent year-on-year to EUR 59.4 million, as the SDax company announced in Linz on Wednesday.

According to the company, this was the highest figure in its history. At almost 428 million euros, Kontron's turnover between July and September was around 45 percent higher. On the bottom line, the company earned 24.4 million euros after minority interests - a good five million more than in the same period last year.

• Significant jump in EBITDA by 70.1% to EUR 59.4 million in Q3 2024
• Gross margin rises to 44.7% in Q3 2024 - transformation takes effect
• Significant sales growth of 44.9% to EUR 427.7 million in the third quarter of 2024
• Order backlog increases to EUR 2,056 million with a book-to-bill ratio of 1.21

Kontron achieved revenue growth of 44.9% to EUR 427.7 million in the third quarter of 2024 (Q3 2023: EUR 295.1 million) EBITDA rose by 70.1% to a new record of EUR 59.4 million (Q3 2023: EUR 34.9 million). The EBITDA margin increased again and reached 13.9% (Q3 2023: 11.8%). Consolidated net profit after minority interests increased by 28.5% to EUR 24.4 million (Q3 2023: EUR 19.0 million).

The pleasing earnings performance particularly highlights the growth in the Software + Solutions segment within the Group and Kontron's transformation into a technology leader, which was particularly evident in the growth of the gross margin. This reached 44.7% in the third quarter of 2024 after 42.5% in the second quarter of 2024 and 40.1% in the same quarter of the previous year.

Operating cash flow amounted to EUR 19.6 million in the third quarter (Q3 2023: EUR 26.8 million). However, factoring was reduced again. The operating cash flow, adjusted accordingly, rose to EUR 27.9 million. The order backlog increased to EUR 2,056 million as at September 30, 2024 and thus to a new record level compared to the December 31, 2023 figure of EUR 1,686.2 million.

Looking at the first nine months of the 2024 financial year, the pleasing performance in the third quarter of 2024 resulted in revenue of EUR 1,207.7 million, up 44.7% on the previous year's figure of EUR 834.4 million. EBITDA in the first nine months of 2024 amounted to EUR 141.4 million, up 47.5% on the previous year (9M 2023: EUR 95.9 million).

Consolidated net profit after minority interests rose to EUR 62.3 million after nine months of the current year (9M 2023: EUR 54.6 million) or EUR 1.01 per share (9M 2023: EUR 0.86).

Operating cash flow amounted to EUR 2.8 million and, adjusted for the reduction in factoring, even amounted to EUR 68.8 million after EUR 34.1 million in the same period of the previous year.

Hannes Niederhauser, CEO of Kontron AG, comments: "The successful 9 months in the current year show that we did not promise too much with our forecast for 2024. The integration of Katek is proceeding according to plan and is almost complete. The consistent focus on technology combined with the reduction of unprofitable orders has led to significantly higher margins of 44.7% in the third quarter. Against the background of the successful business development in the first nine months of 2024 and the robust demand, Kontron confirms the profit target of EUR 190 million

EBITDA for 2024 (50% increase compared to 2023). The high order backlog also guarantees a continuation of the growth trajectory for 2025."

Hello everyone,

some of your contributions have motivated me to share something.

Briefly about me: I am 30 years old, employed and have a net income of approx. 3600€ (approx. 4000€ at the beginning of 2025). Quite a new father, so I'm curious to see how I can still maintain and increase my savings goals.

I had to more or less liquidate my savings account in 2021 due to a house purchase, otherwise I would probably already be a bit further ahead.

I'm currently saving €415 a month via savings plans and I also make one-off purchases when it suits me financially.

My portfolio is not yet clear enough for my taste. My goal is the following allocation:

60% ETF

20% individual shares

10% gold

10% P2P

Uniglobal is currently still quite strongly represented. This is a VWL legacy, as my bank advisor recommended it to me at the time. I haven't changed it yet as I had other focal points. But I'm aiming to do that. But I'm not yet sure what exactly I'm saving for.

My goal for the coming months and 1-2 years:

To $IWDA (+0,72 %) to ensure that the shares are redistributed automatically. I will leave P2P. I will buy gold as soon as I have cracked the 20k mark (as a reward, so to speak). I will also leave the individual shares I have. In some cases, I also save these via a savings plan ($KTN (-1,11 %)
$KO (+1,1 %)
$SHEL (-1,61 %) and $JNJ (+0,03 %) )

In 2 weeks I would like to invest about 1.5k of my Christmas money. Here, too, I am currently leaning towards $IWDA (+0,72 %) .

Overall, I'm trying to increase my savings rate, but I'll have to wait and see how this is possible due to my new role as a father. My mother is on parental leave and receives parental allowance.

What would you change in my portfolio if it were yours? I am grateful for any advice and look forward to your comments.

Your Dominik

What happened to €100,000...

Or you could also say "Any monkey can beat the market" 😅

ttps://www.finanzen100.de/finanznachrichten/wirtschaft/wie-schimpansen-mit-dart-pfeilen-zu-den-besten-bankern-der-wall-street-wurden_H1960490147_546306/

At the end of the 3rd quarter, it's time for another update:

100,000€ invested from January of the respective year - B&H:

2022 Total return +43,526.00€ TTWROR 35.05% https://getqu.in/tcIuml/

2023 total return +€34,388.58 TTWROR 73.32% https://getqu.in/JjIr8V/

2024 Total return +€ 17,945.95 TTWROR 18.76% https://getqu.in/euJ994/

Highlights / Lowlights 2022:

$MELI (+6,83 %) +142% / $META (+0,4 %) +141% / $SAP (-0,4 %) +100% / $RBLX -15%

Highlights / Lowlights 2023:

$RDC (+9,53 %) +104% / $PAYC (+1,45 %) -40%

Highlights / Lowlights 2024:

$ZAL (+1,5 %) +76% / $9988 (-5,04 %) +54% / $RKT (+0,5 %) -10% / $KTN (-1,11 %) -18%

For me, my 100k deposits are a nice (long-term) experiment. End of 2021 as #100kchallenge initiated for the year 2022. After the deep red 2022 year, I started the 2nd round in 2023 with only a few motivated people. Well, and in 2024 I started again on my own.

Now it's time to start thinking about 2025... Let's see which shares will go into my 2025 portfolio...🐵🐵🐵🐵

Quarterly figures of Kontron AG $KTN (-1,11 %) 👌

• 48.6% EBITDA growth in Q2 2024: EUR 46.5 million compared to EUR 31.3 million in Q2 2023
• 52.9% revenue growth in Q2 2024: EUR 423.8 million compared to EUR 277.3 million in Q2 2023
• Record gross margin of 42.5% in Q2 2024 (FY 2023: 38.0%)
• Order backlog climbs by EUR 279 million to a record EUR 1,965 million in the first half of the year
• Source:

Linz, 07.08.2024Kontron AG, a leading global provider of IoT technology, today announced its results for the second quarter of 2024, with the Katek Group consolidated for all three months for the first time.

Revenue increased by 52.9% to EUR 423.8 million in Q2 2024 (Q2 2023: EUR 277.3 million), of which EUR 134.5 million came from Katek. EBITDA reached a record level of EUR 46.5 million, 48.6% more than in Q2 2023 (EUR 33.1 million). Consolidated net income rose to EUR 21.6 million (Q2 2023: EUR 19.0 million) despite EUR 2.2 million in additional PPA amortization from the Katek acquisition. Excluding PPA amortization, the net result amounted to EUR 23.8 million. Operating cash flow amounted to EUR - 6.1 million in Q2, or EUR 17.0 million after adjustment for repaid factoring receivables. The good results are based on a record gross margin of 42.5% (FY 2023: 38.0%) as a reflection of the continuously increasing technology share in Kontron's IoT products.

The order backlog increased by EUR 279 million to a record EUR 1,965 million in H1 2024. In Q2 2024 alone, Kontron received EUR 548 million in orders, which corresponds to a book-to-bill of 1.29.

Kontron thus remains on track for a successful 2024 financial year. While consolidated earnings in the IoT segment amounted to EUR 31 million before the strategic realignment in 2021 (including the IT activities, which have since been sold, at EUR 49 million), this was already increased to EUR 76 million in the 2023 financial year as a result of the realignment as an IoT provider.

For the current 2024 financial year, Kontron continues to forecast an EBITDA of EUR 190 million with an adjusted net profit of around EUR 100 million. "The development of the still young IoT market continues to make great strides," says Hannes Niederhauser, CEO of Kontron AG. "Today, Kontron has the most comprehensive IoT technology portfolio, with which we can optimally serve the future topics of Artificial Intelligence and Security - NIS2 Standard. Based on this, our growth will continue in the coming years."

Source: finanzen.net

Purchased very "cheaply" today

$KTN (-1,11 %) will also be expanded with a further 50 units to a total of 340 😀

Good purchase from Kontron! $KTN (-1,11 %)

The IT company Kontron takes over the electronics specialist $KTEK . Shareholders are to be paid €15 per share.

The acquisition will pay off handsomely. Katek's product range is very specific, future-oriented and broadly applicable. Expansion into North America has already followed. A nice move!

In addition, for me, a nice gift with a return of ~48%. 🚀

This means that (unfortunately) the next small cap after Cropenergies $CE2 from my portfolio.

$KTN (-1,11 %) Kontron expects further growth.

Preliminary figures for the past year indicate a strong fourth quarter, announced the SDax listed company from Linz. Kontron expects to have exceeded its targets for 2023 as a whole.

Kontron is forecasting an increase in net profit to over EUR 87 million for 2024. Compared to the EUR 72 million that the company has forecast for 2023, this would be an increase of around one fifth. Turnover is expected to increase to over EUR 1.4 billion.

Group CEO Hannes Niederhauser is convinced that "the 2024 financial year will be another very good year". The order books are full. Kontron's development into a pure IoT provider is "a complete success".

The 2023 II share buyback program announced at the end of September is also running with weekly updates - which pleases shareholders 😁

In the meantime, 1,764,268 shares have already been bought back since the beginning of October. And more are being bought back every week - according to the program, up to 4 million shares are to be repurchased🚀

Who here is also invested in SDax companies?

Source: Investing.com and Aktienrückkaufprogramm_II_2023 | Kontron Investor Relations

Short trade / excursion into the US automotive sector ended after a good 4 weeks.

The level before the red candle of 8.10. has been reached. Although I still see potential, get rid of it - before the gap at the bottom of the 28.11. is closed again.

The free capital went into the $KTN (-1,11 %) at 20.00€

PS: Chart is in USD