KATEK SE: KATEK grows by more than 30 % in 2021, contrary to the market trend, to achieve sales of EUR 540 million – strong increase in operating earnings of around 46%

DGAP-News: KATEK SE / Key word(s): Preliminary Results/Annual Results
16.03.2022 / 09:06
The issuer is solely responsible for the content of this announcement.

KATEK grows by more than 30 % in 2021, contrary to the market trend, to achieve sales of EUR 540 million – strong increase in operating earnings of around 46%

  • Group sales increased by 30.4% compared to the previous year to EUR 540.1 million

  • Reported EBITDA improved to EUR 28.7 million after EUR 12.9 million in 2020

  • Operating result (EBITDA adjusted) increased by 45.8% to EUR 30.3 million

Munich, March 16, 2022 – According to preliminary figures, KATEK Group continued its growth path in fiscal year 2021 and achieved record figures in both sales and earnings. In a generally difficult environment – COVID-19 pandemic and ongoing supply bottlenecks for semiconductors and other materials – KATEK Group was able to achieve significant increases in all key figures and fully meet the published forecast for the year 2021.

Accordingly, KATEK SE is expected to report consolidated sales of EUR 540.1 million (previous year: EUR 414.2 million) and a consolidated EBITDA of EUR 28.7 million (previous year: EUR 12.9 million) in the 2021 annual report. The EBITDA margin reached 5.3% (previous year: 3.1 %). The operating result (EBITDA adjusted) rose from EUR 20.8 million to EUR 30.3 million. With a further improved figure of 5.6 % (previous year: 5.0 %), the targeted increase in the operating margin (EBITDA margin adjusted) and thus the profitable growth path were consistently continued.

The company’s growth of 30.4%, which would have been around ten percent higher had it not been for the supply bottlenecks caused by the pandemic, was based on a very positive development in almost all industries that KATEK provides with high-value electronics. The future markets of telecare, eMobility/charging and solar/renewables developed particularly successfully, with sales increasing by a total of 64.8% and now accounting for a significant share of total sales of almost 21.1% with sales of over EUR 100 million (EUR 114.0) million to be precise). “In challenging times such as the COVID-19 and materials crisis, our business performance can, in my view, be classified as very good, if not outstanding and absolutely impressive against the aforementioned background. We were able to achieve significant profitability gains in the last two years and the best result ever to date, At the same time, the special circumstances of 2021 have resulted in full order books, which will additionally support further business development,” says KATEK CEO & Co-Founder Rainer Koppitz. “We will continue to participate disproportionately in the strong growth of the electronics market. Not only does our improved market position as number two in Germany and meanwhile number three in Europe help here, but also our strong position in future high-growth markets such as eMobility, healthcare and electronics for solar solutions.”

The complete 2021 annual report of the KATEK Group, including the forecast for fiscal year 2022, will be published on March 31, 2022, on the website www.katek-group.com in the Investor Relations section.

Contact

KATEK Investor Relations
Ramona Kasper
Head of Marketing & Communications
[email protected]
+49 160 970 88 676

About KATEK
The KATEK Group is a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services in the market for high-end electronics or electronics services. The KATEK Group currently employs over 2,600 employees* in Germany and Eastern Europe. CEO is Rainer Koppitz and CFO is Dr. Johannes Fues. For more information about KATEK, please visit https://katek-group.com/.

Statements contained herein may constitute “forward-looking statements”. Forward-looking statements are identified by words such as “may”, “will”, “should”, “plans”, “expects”, “anticipates”, “estimates”, “believes”, “intends”, “has in mind” “, “targets” or their negative form or equivalent variations and comparable terminology.

Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that may cause the actual results, levels of utilization, performance or achievements of the Group or the industries in which it operates to be materially different from those expressed or implied by such statements. Undue reliance should not be placed on forward-looking statements. The Group will not update or revise any forward-looking statements contained herein as a result of new information, future events or otherwise.

16.03.2022 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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