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Contact Support· Annual forecast for 2023 and targets for 2025 confirmed · Record dividend of EUR 1.00 per share passed · All agenda items approved
Linz, May 22nd 2023 - At today’s 24th Annual General Meeting of Kontron AG (www.kontron.com), all proposals put forward by the management were approved by the company’s shareholders. Around 53% of the share capital was represented. The AGM was held in person for the first time in three years and took place at Hagenberg Castle, Upper Austria.
2023 forecast and 2025 targets confirmed
Following its realignment towards the thriving “Internet of Things” (IoT) market in the 2022 financial year, Kontron AG is powering ahead. The Executive Board of the technology group has confirmed the forecast for 2023 and the targets for 2025. For the 2023 financial year, net profit in the IoT segments is expected to rise by at least 20% to over EUR 66 million. In the future, the focus will be increasingly on improving profitability and reducing low-margin revenue. Revenue is expected to grow organically by around 10% to approximately EUR 1,200 million in 2023. The strong cash position of EUR 438.4 million (as of March 31st 2023) will be used in 2023 to make strategically important acquisitions. Organic and non-organic revenue is set to grow to EUR 2,000 million in 2025.
New record dividend
On the back of a strong financial year 2022 in which a net profit of EUR 232.5 million was achieved and the “Focus” project was successfully completed, a record dividend of EUR 1.00 (previous year: 35 eurocents) per share was proposed to the Annual General Meeting. The dividend proposal for the 2022 financial year was approved by a large majority.
The dividend will be paid out as of Wednesday, May 31st 2023 by crediting the account of the depositary banks. The ex-dividend 2022 will be traded on the stock exchange from Monday, May 29th 2023, and the record date for the dividend will be Tuesday, May 30th 2023. The Austrian capital gains tax payable on the dividend will be withheld by the company and paid to the responsible tax office. Kontron AG has published guidelines for its shareholders on its Investor Relations website (https://ir.kontron.com/Annual_General_Meeting.en.html) regarding the potential reimbursement of capital gains tax.
Supervisory Board re-elected
The Annual General Meeting re-elected Bernhard Chwatal as an independent member of the Supervisory Board. In the constitutive Supervisory Board meeting following the Annual General Meeting, Claudia Badstöber was re-elected Chair of the Supervisory Board.
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About Kontron
Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years Kontron has been supporting companies from a wide range of industries to achieve economic goals with intelligent solutions. From more efficient industrial operations, smarter and saver transportation to advanced communication, medical and energy solutions the company provides value adding technologies for its customers. Kontron is listed on the SDAX® of the German Stock Exchange and has more than 4,200 employees and subsidiaries in 21 countries around the world.
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Media Contact
Global
Alexandra Kentros
Head of Corporate Communications
Kontron AG
Tel: +49 (0) 151 151 93881
alexandra.kentros@kontron.com
All rights reserved. Kontron is a trademark or registered trademark of Kontron Europe GmbH. All other brand or product names are trademarks or registered trademarks or copyrights by their respective owners and are recognized. All data is for information purposes only and not guaranteed for legal purposes. Subject to change without notice. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.