3/9/2006 - Kontron AG has met its ambitious sales forecast for 2005 with record sales of EUR 93 million in Q4 and total revenue of EUR 300 million (previous year EUR 262 million). Although the audits are not yet complete, we anticipate that EBIT will be within expectations at nearly EUR 23 million (previous year EUR 20 million). The balance sheet and income structure will change following adjustments made as part of the final balancing of accounts for the Dolch Group, acquired in the first half of 2005. Accordingly, goodwill for example is down from EUR 90 million to around EUR 86 million.
The background: An order by subsidiary Dolch with payment receipts of just under EUR 3 million in business year 2005 was conservatively reclassified from sales and revenue to reduction of goodwill, as the deal originally dated from 2002. "This measure was the result of a deliberate decision on our part in favor of conservative financial accounting for Dolch's integration, thereby at the same time significantly minimizing the risk for goodwill depreciations in the future," said Executive Board chairman Hannes Niederhauser.
Kontron AG is a worldwide leading manufacturer of embedded computer technology and robust solutions for mobile use. It supplies leading OEMs, system integrators, and application providers in a wide variety of market segments such as data and telecommunications, automation, measurement and control technology, traffic engineering, medical and military technology, as well as aviation and energy. Kontron's goal is to enable customers to significantly reduce their time to market and to create clear competitive advantages through products such as high-performance open computer platforms and systems, single board computers, HMIs, and mobile computers. Kontron employs over 2,300 people worldwide with production facilities in Europe, North America, and the Asia-Pacific region. The company is listed on the German TecDAX 30 with the company symbol "KBC". Kontron is the only company based in Europe which has premier status in the Intel® Communications Alliance and, thus, has early access to leading Intel technologies and preferred engineering support.
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