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BRIEF-Kontron Q1 net result swings to profit of 0.15 million euros
May 5, 2017 / 5:26 AM / 3 months ago

BRIEF-Kontron Q1 net result swings to profit of 0.15 million euros

May 5 (Reuters) - Kontron AG:

* Q1 net result for period of 150 thousand euros marks a return to profit zone (Q1 16: net loss of 6.5 million euros)

* Q1 revenues of 92.4 million euros comparable to prior year (Q1 2016: 89.5 million euros)

* Is forecasting similar revenues and seasonal fluctuations in fiscal year 2017 as in 2016 fiscal year

* Merger plans on track

* FY gross profit margin is expected to rise to over 25 pct on account of partnerships with ennoconn and s&t

* Expects EBIT to be positive in 2017

* New restructuring program is expected to produce annual cost savings of over 15 million euros, most of which were already realized in Q1 of 2017

* Q1 EBIT improved to 2.2 million euros (Q1 2016: -6.1 million euros) Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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