Kontron AG Sees Significant Margin Growth in First Nine Months of 2024

Kontron AG, an IoT technology leader, reported substantial financial growth for the first nine months of 2024. This period saw a 70.1% increase in EBITDA, reaching EUR 59.4 million in Q3, while revenues surged by 44.9% to EUR 427.7 million. Gross margin improved to 44.7%, indicating successful transformation efforts.

The company's order backlog reached EUR 2,056 million, supported by a robust Book-to-Bill ratio of 1.21. Net profit after minority interests grew by 28.5% to EUR 24.4 million in Q3. Operating cash flow was EUR 19.6 million, with an adjusted figure of EUR 27.9 million due to reduced factoring.

CEO Hannes Niederhauser affirmed the earnings target of EUR 190 million EBITDA for 2024, citing strong business growth and demand. The integration of Katek SE and focus on technology has led to higher margins, preparing Kontron for continued expansion into 2025.