KATEK shows strong growth in the first quarter, further improves earnings and confirms business expectations for the full year
- Sales in Q1 2021 increased by around 48 percent year-on-year to EUR 137,5 million
- Reported EBITDA quadrupled to 16,4 million euros
- Operating EBITDA (adjusted) increased by more than 60 percent to EUR 7,1 million
- Successful IPO in the Prime Standard segment at the Frankfurt Stock Exchange to continue organic and inorganic growth strategy
- M&A activity continues: majority stake acquired in fabless protoyping startup AISLER B.V.
- Business expectation for sales in 2021 confirmed
Munich, May 31, 2021 - KATEK SE, a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services for high-end electronics solutions, has started the 2021 financial year with an increase in sales of around 48 percent. Sales in the first quarter rose to 137,5 million euros (previous year: 92,7 million euros).
Significant organic growth impulses resulted, among other things, from the High Value Electronics projects in the eMobility and Renewables areas, each of which recorded significant double-digit growth.
"The high demand demonstrates our strong positioning in promising growth markets such as electromobility and renewable energy. The medical technology sector also continues to offer a great deal of potential. In general, the progressive "electronification" of the world is increasing the need for innovative electronics partners for German and European industry - we can currently see this in the very high customer demand and the overflowing order books," says Rainer Koppitz, CEO of KATEK SE.
The EBITDA of the KATEK Group increased significantly in the first quarter of 2021 compared to the previous year by 400 percent to 16,4 million euros (previous year: 4,1 million euros). The EBITDA margin was thus 12 percent (previous year: 4,4 percent). In addition to the strong operating performance, this is primarily attributable to the positive special effect from the preliminary purchase price allocation of the assets acquired from Leesys (Leipzig Electronic Systems GmbH, now KATEK Leipzig GmbH).
"KATEK Leipzig GmbH will provide a valuable addition to KATEK's strategic profile for high-quality electronics solutions with its expertise, its technology know-how, for example in the field of eMobility, and its own products in the telecare sector. We are also expanding the site this year so that we can offer our rapid prototyping services to customers in the region, including in the semiconductor industry," says Rainer Koppitz.
Operating EBITDA (adjusted) excluding one-time factors of EUR 7,1 million in the first quarter of 2021 was also significantly higher than the previous year's figure of EUR 4,3 million, at around 65 percent. The EBITDA margin (adjusted) improved from 4,6 percent to 5,2 percent.
Acquisition of electronics startup AISLER B.V. as an innovation booster
In May 2021, KATEK SE acquired a majority stake in AISLER B.V., a pioneering and fast-growing online provider of "fabless electronics prototyping." "The partnership of electronics startup AISLER with an established player like us could be a vitamin injection for both parties and the whole industry. We are looking forward to exciting new projects", Rainer Koppitz comments on the cooperation.
The automation of processes at the interfaces to customers and suppliers and the use of artificial intelligence will play an increasingly important role in the electronics industry in the future. With the majority stake in AISLER, KATEK gains access to an excellent team and the technology base of AISLER, which will also be used to drive the digitalization and automation of the KATEK portfolio across the entire electronic value chain.
The management and founding team of Felix Plitzko and Patrick Franken are looking forward to the cooperation: "Lead the Category, that convinced us. Together we are stronger, because KATEK's diverse technical capabilities and resources complement our offering perfectly and will thus support our customers and partners even more sustainably in establishing Europe efficiently as a production location."
Management confirms sales target for 2021
After the successful start to the year, the KATEK management gives its assessment for the full year 2021. It sees the goal of clearly exceeding half a billion in sales in 2021, as communicated in the Prospectus for the successful IPO, clearly confirmed due to the strong position in high growth segments such as eMobility, Renewables and Healthcare.
The complete interim announcement of KATEK SE is published on the website www.katek-group.de in the Investor Relations section.
KATEK Investor Relations
+49 89 24881 4280
KATEK press contact
+ 49 89 120 21 92 67
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.de/.
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.
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