Kontron $KTN (+0,46%) has exceeded its earnings target for 2024 and expects to continue on its record course in the current year.

According to initial calculations, the Austrian specialist for autonomous communication between devices ("Internet of Things, IoT") has exceeded its target for the operating result (EBITDA) of EUR 190 million, Kontron announced on Tuesday.

Compared to the previous year's figure, the increase will probably be over 50 percent.

Turnover will increase by more than 40 percent to over EUR 1.7 billion. For 2025, the Management Board is forecasting significant organic revenue growth to EUR 1.9 to 2.0 billion and EBITDA of at least EUR 220 million.

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- GOLDMAN raises the price target for SIEMENS ENERGY from EUR 56 to EUR 60. Buy. $ENR (+6,22%)

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- JEFFERIES upgrades SMA SOLAR from Hold to Buy and raises target price from EUR 14 to EUR 20. $S92 (+0,57%)

- GOLDMAN raises the price target for DEUTSCHE BÖRSE from EUR 226 to EUR 231. Neutral. $DB1 (+0,8%)

- BOFA upgrades BBVA from Neutral to Buy and raises target price from EUR 11 to EUR 13. $BBVA (-0,48%)

- WARBURG RESEARCH upgrades FUCHS SE from Hold to Buy. Target price EUR 50. $FPE

- GOLDMAN raises the price target for FLATEXDEGIRO from EUR 17 to EUR 18. Buy. $FTK (+0,5%)

- BERENBERG raises the target price for IBERDROLA from EUR 12.30 to EUR 14. Hold. $IBE (-0,8%)

- JEFFERIES upgrades PVA TEPLA from Hold to Buy and raises target price from EUR 12 to EUR 19. $TPE (-0,82%)

- JEFFERIES raises the price target for FRIEDRICH VORWERK from EUR 23 to EUR 30. Hold. $VH2 (+0,92%)

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- HAUCK AUFHÄUSER IB downgrades AIXTRON from Buy to Hold and lowers target price from EUR 26.40 to EUR 13.80. $AIXA (+1,5%)

- METZLER lowers the price target for DWS from EUR 41 to EUR 40.50. Hold. $DWS (+0,77%)

- GOLDMAN lowers the price target for ASTRAZENECA from GBP 159.55 to GBP 155.58. Buy. $AZN (+0,17%)

- TD COWEN downgrades STMICRO to Hold. Target price EUR 24.50. $STM (+0%)

- JPMORGAN downgrades CONSTELLATION BRANDS to Neutral. Target price USD 203. $STZ (+0,56%)

- JEFFERIES lowers the price target for DOCMORRIS from CHF 65 to CHF 39. Buy. $DOCM (-2,07%)

- JEFFERIES lowers the price target for ATOSS SOFTWARE from EUR 112 to EUR 108. Hold. $AOF (+0,09%)

- JEFFERIES lowers the price target for JENOPTIK from EUR 34 to EUR 29. Buy. $JEN (+0,54%)

- JEFFERIES lowers the price target for KONTRON from EUR 29 to EUR 27. Buy. $KTN (+0,46%)

- JEFFERIES lowers the price target for SILTRONIC from EUR 95 to EUR 90. Buy. $WAF (-0,59%)

- JEFFERIES downgrades VERBIO from Buy to Hold and lowers target price from EUR 22 to EUR 11. $VBK (-2,23%)

- JEFFERIES downgrades SGL CARBON from Buy to Hold and lowers target price from EUR 9.50 to EUR 4.40. $SGL (-1,38%)

$KTN (+0,46%)

The expert for embedded computer technology has received a major order. It involves monitoring systems. The branch in Augsburg is also benefiting.

Kontron, a leading global provider of Internet of Things (IoT) and embedded computing solutions, has received a major order from a leading European company in the fields of defense, security and aerospace technology. Kontron reports this on its homepage. The order is expected to have a total volume of around 165 million euros. The Augsburg branch will benefit from this, among others, a spokesperson confirmed when asked. Kontron Europe is based in Kriegshaber.

The order is for the provision of solutions for mobile and stationary monitoring applications. The customer specializes in the development of state-of-the-art sensor technologies for military, civilian and commercial applications and will use Kontron's system solution to support its advanced surveillance technology. In this case, the solution is specifically designed for military purposes.

Kontron once took over a division of the former Fujitsu site in Augsburg

"This order is a significant milestone and underlines our partners' confidence in our leading expertise in state-of-the-art technologies for defense applications," said Hannes Niederhauser, CEO of Kontron AG. In this area, the company works exclusively with NATO countries. Various units of the company are pooling their expertise for the implementation. The branch in Augsburg is also involved.

Kontron is listed on the SDAX and TecDAX of the German Stock Exchange and employs around 8,000 people in more than 20 countries. The Kontron Europe division is based in Augsburg. In 2017, the Austrian company S&T took over Kontron and has operated under the name Kontron AG since then. S&T and Kontron made headlines in Augsburg in 2019 when they took over the industrial mainboard business of Fujitsu, which closed its Augsburg site.

https://www.augsburger-allgemeine.de/augsburg/augsburg-kontron-erhaelt-millionen-auftrag-aus-dem-bereich-verteidigung-104418209

Another major order this month for Kontron AG $KTN (+0,46%)

Kontron has received a significant order from

from a leading European company in the defense, security and aerospace technology sectors.

The order has an expected total volume of around EUR 165 million and includes the provision of high-performance VPX computing and communication computing units for mobile and stationary surveillance applications.

The customer, which specializes in the development of advanced sensor technologies for military, civilian and commercial applications, will

Kontron's system solution to support its advanced surveillance technology.

Kontron supports the customer with its long-standing expertise in military-based applications with a high-performance, extremely robust system solution.

The solution is specially designed for military applications and offers error-free, reliable and secure operation even under extreme conditions.

and secure function even under extreme conditions.

With this order, Kontron strengthens its position as a leading provider in the field of defense technologies and underlines the importance of state-of-the-art, secure and reliable solutions for global security requirements.

Kontron works in this sensitive area exclusively with

exclusively with NATO countries and guarantees the highest standards as a strategic

the highest standards.

Kontron
$KTN (+0,46%)

US order underpins Kontron's bottoming out.

A US order from the defense sector for the specialist for embedded computer systems underpinned the bottoming out of Kontron's shares on Wednesday.

$KTN (+0,46%) Kontron sees the new business relationship as a door opener for further tenders with higher volumes and new prospects in the area of autonomous control of land vehicles and other growing market and customer segments.

Thanks to the Katek takeover, a record profit was achieved in 2024.

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- DEUTSCHE BANK RESEARCH raises its price target for BMW from EUR 90 to EUR 95. Buy. $DBK (+0,45%)

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- WARBURG RESEARCH raises the price target for KONTRON from EUR 28 to EUR 28.40. Buy. $KTN (+0,46%)

- UBS upgrades KINGSPAN GROUP from Neutral to Buy. Target price 90 EUR. $KRX (+0,4%)

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- JPMORGAN raises the target price for PUMA SE from EUR 40 to EUR 44. Neutral. $PUM (+1,39%)

- JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 13.96 to GBP 14.15. Overweight. $TKWY (-4,39%)

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- JEFFERIES downgrades PALANTIR from Hold to Underperform. Target price USD 28. $PLTR (+2,24%)

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- DEUTSCHE BANK RESEARCH lowers the price target for VESTAS from DKK 165 to DKK 150. Hold. $VWS (-0,45%)

- BOFA downgrades SIEMENS ENERGY from Buy to Neutral. Target price EUR 40. $ENR (+6,22%)

- METZLER lowers the price target for VONOVIA from EUR 28.50 to EUR 28. Sell. $VNA (-0,86%)

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

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Kontron $KTN (+0,46%)

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 $IWDA (+0,04%) to ensure that the shares are redistributed automatically. I will leave P2P. I will buy gold as soon as I have cracked the 20k mark (as a reward, so to speak). I will also leave the individual shares I have. In some cases, I also save these via a savings plan ($KTN (+0,46%)
$KO (+0,05%)
$SHEL (+0,62%) and $JNJ (-0,48%) )

In 2 weeks I would like to invest about 1.5k of my Christmas money. Here, too, I am currently leaning towards $IWDA (+0,04%) .

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 (+0,13%) +142% / $META (+0,49%) +141% / $SAP (+1,81%) +100% / $RBLX -15%

Highlights / Lowlights 2023:

$RDC (-1,02%) +104% / $PAYC (-0,05%) -40%

Highlights / Lowlights 2024:

$ZAL (-1,81%) +76% / $9988 (-1,11%) +54% / $RKT (-0,7%) -10% / $KTN (+0,46%) -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 (+0,46%) 👌

• 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