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Kontron AG
Ansprechpartner: Nicole Nagy, Investor Relations
Tel.: +43 (1) 801911196
E-Mail: nicole.nagy@kontron.com

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Kontron AG: Kontron AG: Project "Focus" finalized


Linz (pta042/10.08.2022/15:20) - Kontron AG: Project "Focus" finalized

Linz, 10.08.2022: Kontron AG (www.kontron.ag, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) today signed agreements with VINCI Energies S.A. for the sale of significant parts of Kontron Group's IT services business. VINCI Energies S.A., through its brand Axians, is a global information and communications technology group belonging to the listed French group VINCI.

With the divestment, Kontron is following its growth strategy in the technology area around the Internet of Things (IoT). While initially the sale of the entire IT Services segment as part of project "Focus" was evaluated by Kontron AG, various strategic considerations have led to the subsidiaries operating in this area in Austria, Romania and Hungary not being sold at the moment. The revenue of the divested units corresponds to an outgoing revenue of EUR 338 million with a profitability of EUR 41 million EBITDA (in financial year 2021). The transaction price amounts to approximately EUR 400 million based on the expected net liquidity at closing. The consumption of the agreement is subject to respective anti-trust approvals.

Richard Neuwirth, CFO of Kontron AG, as well as Michael Jeske, COO of Kontron AG, will resign from the Executive Board of Kontron AG in the course of the transaction. Clemens Billek will take over the CFO function from Richard Neuwirth.

Hannes Niederhauser, CEO of Kontron AG: "Today's contract signing marks another milestone on our way to becoming a pure IoT player with significantly higher net profitability already in 2023. We will take advantage of the great growth opportunities in the profitable IoT market and use our high liquidity for further acquisitions. Our 2022 guidance remains unchanged and is expected to amount to EUR 1,120 million in revenue for continuing operations with an EBITDA margin of more than 10%. On top of this, we expect EUR 380 million of revenue from the sold entities under discontinued operations."

Kontron plans to hold a capital market day on 31 August 2022 to present the strategy of the new Kontron and the changes in detail.

About Kontron

Kontron AG (www.kontron.ag, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT/ since 2 June 2022 KTN) - previously S&T AG - is a growing IoT technology group with more than 6,000 employees and subsidiaries in 32 countries around the world. The company is listed on the TecDAX® and SDAX® of the German Stock Exchange and is one of the leading providers of smart solutions for a host of industries. With a well-known brand and its own technologies in the fields of smart factory, railway communication systems, communication solutions and smart energy, Kontron is the well-trusted partner helping businesses undertake their digital transformation journeys in a wide range of industries to achieve their future ambitions. With its brand S&T, the company is one of the leading IT service providers in Central and Eastern Europe offering a comprehensive range of IT services including datacenter and SAP operations, workplace management, IT security or IT consulting.

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Emitter: Kontron AG
Industriezeile 35
4021 Linz
Austria
Contact Person: Nicole Nagy, Investor Relations
Phone: +43 (1) 801911196
E-mail: nicole.nagy@kontron.com
Website: www.kontron.ag
Stock Exchanges: regulated market in Frankfurt
ISIN(s): AT0000A0E9W5 (share)
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