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    KTEK   DE000A2TSQH7


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

KATEK SE: KATEK steps into the Euro-Asian market

07/07/2021 | 03:22am EDT

DGAP-News: KATEK SE / Key word(s): Expansion
KATEK SE: KATEK steps into the Euro-Asian market

07.07.2021 / 09:20
The issuer is solely responsible for the content of this announcement.

KATEK steps into the Euro-Asian market

With the opening of beflex Malaysia and KATEK Singapore, the KATEK Group takes an important step towards internationalization.

With the establishment of beflex Malaysia Snd.Bhd. and KATEK Singapore Pty.Ltd., the KATEK Group has continued its growth course with two strategic subsidiaries in Asia. With the new openings, the KATEK Group lays a significant foundation for electronics development and manufacturing in an international context.

"The openings of the KATEK locations in Asia are an important strategic step for us. Companies are looking for a partner in the field of rapid prototyping who can combine the necessary know-how for high-tech electronics with local requirements, especially outside Europe. Especially in industries like e-Mobility, Healthcare and Semiconductor," says Rainer Koppitz, CEO of KATEK SE.

Local for Local - also as a European partner in Asia

"We observe a broader value creation for electronic products in the Asian region, which also includes development and design. By opening the new locations, we offer our broad range of services to both our European and Asian customers with a high level of local expertise," Golo Wahl, Group Director Business Development at KATEK SE, is convinced. " In the localization of value creation lays a high potential for the future."

Establish own performance profile as competitive advantage

Through the new locations, the KATEK Group and its beflex brand are creating relevant synergies in the prototyping segment. "We ensure the same quality standards for our customers in Europe as in Asia. By that, we're expanding our positioning and market leadership in both markets," says Jens Arnold, Managing Director of beflex. The focus is on high-quality prototyping and the subsequent production of small batches, primarily with batch sizes of about 500 pieces in the high-mix area and for 1,000 to 2,000 batch sizes in the low-mix area. "We are a strong partner for our customers in miniaturization and industrialization with the goal of rapid transition to series production," says Jens Arnold. "The particular strength of beflex lies in close cooperation with the customer that is already in the development phase. Here, he said, the close collaboration between the project managers and the customer's development teams is decisive for mutual efficiency. "

Unlike competitors, the production of prototypes at beflex takes place under cleanroom conditions. "By closing the gap between prototyping and series production, our customers have the advantage of being able to make optimizations for series production in the early design phase," explains Jens Arnold.

Manufacturing is carried out at the Penang site, the capital of Malaysia, in accordance with the quality standards of industry standard 9001 and ISO 13485 for medical technology products.

Extended security of supply through global sourcing for the KATEK Group

The fact that the electronics industry sometimes must contend with volatile market events is demonstrated by the shortage of components that has prevailed worldwide for some time. Here, the size and market presence of the KATEK Group is an advantage, as higher purchasing volumes can be generated and access to components that are difficult to procure worldwide is facilitated. At the same time, the "local-for-local" approach is strengthened with the International Purchase Office, as KATEK Singapore acts as a sourcing center for beflex Malaysia with the aim of building a resilient supply chain to serve Euro-Asian customers in the best possible way.

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 and electronics services. The KATEK Group currently employs around 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/.

KATEK press contact
Startup Communication
Christina Fischer-Friedrich
+ 49 89 120 21 92 67

07.07.2021 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: KATEK SE
Promenadeplatz 12
80333 München
Internet: www.katek-group.de
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1215959

End of News DGAP News Service

1215959  07.07.2021 


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Sales 2021 553 M 647 M 647 M
Net income 2021 8,50 M 9,96 M 9,96 M
Net Debt 2021 47,3 M 55,4 M 55,4 M
P/E ratio 2021 44,5x
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EV / Sales 2021 0,81x
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Free-Float 33,5%
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Mean consensus BUY
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Last Close Price 30,25 €
Average target price 35,75 €
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Managers and Directors
Rainer-Christian Koppitz Chairman-Management Board & CEO
Klaus Reiner Weinmann Chairman-Supervisory Board
Marc Achhammer Chief Operating Officer
Stefan Willy Kober Deputy Chairman-Supervisory Board
Andreas Mueller Member-Supervisory Board