3/31/2003 - Operating in a very difficult general environment, Kontron AG has succeeded in expanding its market position in 2002. Following the merger with JUMPtec Industrielle Computertechnik AG (consolidated as per July 3, 2002), sales rose by 14 percent over 2001 from EUR 189 million to EUR 215 million. Gross margin was increased by 1.3 percent to 38.8 percent. At EUR 22.4 (previous year: EUR 15.5 million) operative cash flow was up to a record level.
Orders on hand, mainly due to the consolidation effects, increased from EUR 53 million at the end of 2001 to EUR 94 million by the end of 2002. On EBIT of EUR 1.6 (previous year: EUR 8.5 million) profit for the year came in at EUR 0.7 million (previous year: EUR 3.7 million). Performance was burdened by around EUR 0.8 million resulting from currency losses and EUR 3.9 million of special write-offs on financial assets and one-time restructuring costs of EUR 2.9 million.
In the past business year the assets of the Kontron Group increased by EUR 15 million to EUR 304 million, whereby the share of equity was bolstered from 66 percent to 73 percent. Liquid assets were recorded at EUR 46 million, while total liquidity stood at over EUR 70 million. After deduction of bank loans the net cash assets in 2002 were considerably strengthened from EUR 11 million to EUR 18 million.
In spite of the very poor general conditions Kontron nevertheless anticipates posting light sales gains in 2003 and a considerably enhanced EBIT sales margin of between 3 and 5 %. Kontron will be focusing investments in joint ventures with local partners operating on the future growth markets of China and East Europe. The aim is to ramp up the sales share of these markets from the present 9 percent to 15 percent of total Group sales.
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