Strong Growth and Record Earnings for KATEK in 2023

KATEK SE reported a significant growth in its 2023 financial year, delivering the highest operating result in the company's history with a robust increase in their EBITDA. Preliminary figures released by the Munich-based electronics firm show a 15% increase in group sales reaching EUR 782.8 million and an impressive surge in EBITDA by over 80% to above EUR 41.9 million.

The company attributes this growth to effective strategic measures and strong performance in market sectors like solar energy, where sales soared by over 32%. In addition to organic reductions in inventory levels by nearly 18%, these factors collectively underline KATEK’s capability to thrive in a dynamically shifting market environment.

Looking into 2024, KATEK projects a cautious yet optimistic outlook, expecting to continue its growth trajectory albeit at a moderated pace due to economic uncertainties. The company also announced the completion of a significant acquisition, providing it with a stronger foundation for future expansion through strategic synergies with Kontron AG in various high-potential markets.