Added to YB: 2026-08-10
Pitch date: 2026-08-06
KTN.DE [neutral]
Kontron AG
+1.49%
current return
Author Info
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Company Info
Kontron AG, together with its subsidiaries, engages in the provision of Internet of Things software and solutions in Europe and internationally.
Market Cap
EUR 1.3B
Pitch Price
EUR 21.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
28.86
P/E
15.99
EV/Sales
1.04
Sector
IT Services
Category
turnaround
Kontron (KTN Germany): Continued strong orders
KTN.DE (earnings): Q2 rev €373.4M (+5% vs est), EBITDA €46.9M & EPS ~2x est, but beat driven by lower opex not margins (GM fell to 42.5%). OCF negative in H1 on WC pressure. Book-to-bill 1.55x lifted backlog to €2.75B; delinquent backlog >€50M on chip shortage. FY guide maintained: rev €1.61B, adj EBITDA €225M. Restructuring cut 424 staff toward ~€30M savings. Q's on earnings quality/cash conversion.
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