Kontron AG decides on restructuring program

Augsburg, November 30, 2016 – Kontron AG, a leading global provider of Embedded Computer Technology (ECT), announces that the Supervisory Board and the Management Board of Kontron AG decided in their meeting today on the new restructuring program. The program aims to achieve significant earnings improvements in the upper double digit million range over the next one and a half years to achieve profitability again. Amongst others, the program foresees a workforce reduction of about 300 jobs, mainly in the administrative area. Kontron will implement the staff cutback in close and constructive collaboration with the employee representatives.

A further important component of the program is the regional orientation of the company structure (EMEA, APAC, North America) with corresponding profit responsibilities of all regions. The new structure will provide Kontron with better market access and with the extension of its customer base.

In addition, Kontron will continue to benefit from the cooperation with its strategic partner Ennoconn and the new anchor shareholder S&T AG and intends to provide its customers in the future with an integrated hardware and software portfolio as well as extended services.

The company also decided today to submit the application of court-appointment of Mr. Richard Neuwirth, Mr. Michael Jeske and Mr. Michael Roider to resume the vacant seats in the Supervisory Board following the departure of Mr. Rainer Erlat, Mr. Harald Joachim Joos and Mr. Martin Bertinchamp from the Supervisory Board by end of today.

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About Kontron:

Kontron, a global leader in embedded computing technology and a pioneer in secure IoT platform solutions, provides a combined portfolio of hardware, middleware and services. With its leading-edge standard products and solution ready platforms, Kontron enables new technologies and applications across multiple industries. As a result, customers benefit from accelerated time-to-market, reduced total cost of ownership, product longevity and the best overall application with the highest reliability in embedded technology. Kontron is a listed company. Its shares are traded in the Prime Standard segment of the Frankfurt Stock Exchange and on other exchanges under the symbol “KBC”. For more information, please visit: www.kontron.com

For more information:

Alexandra Habekost
Head of Investor Relations
Kontron AG
Tel: +49 (0) 821 4086 114
Alexandra.Habekost@kontron.com

Chari Lazaridis
Head of Global Corporate Communications
Kontron AG
Tel: +49 (0) 821 4086 484
Chari.Lazaridis@kontron.com