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    KTEK   DE000A2TSQH7

KATEK SE

(KTEK)
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PRESS RELEASE : KATEK grows by almost 50 percent in the first half of 2021 with significantly increased profitability; 2021 sales target confirmed, very good outlook for the full year

08/13/2021 | 02:03am EDT
DGAP-News: KATEK SE / Key word(s): Half Year Results/Half Year Report 
KATEK grows by almost 50 percent in the first half of 2021 with significantly increased profitability; 2021 sales 
target confirmed, very good outlook for the full year 
2021-08-13 / 08:02 
The issuer is solely responsible for the content of this announcement. 
----------------------------------------------------------------------------------------------------------------------- 
KATEK grows by almost 50 percent in the first half of 2021 with significantly increased profitability; 2021 sales 
target confirmed, very good outlook for the full year 
- Group sales in the first half of 2021 increased by around 49 percent year-on-year to EUR 271.0 million 
- Organic growth of over 27 percent demonstrates competitiveness of business and book-to-bill ratio of 1.5 indicates 
continued growth in double digit and further market share gains 
- Operating EBITDA (adjusted) improved significantly by a good 63 percent to EUR 13.4 million 
- Reported EBITDA strongly increased to EUR 17.7 million (+131.7 percent) 
- Sales forecast for full year 2021 at 535 to 560 million euros underpins unchanged positive business expectation 
- Following the acquisition of a majority stake in AISLER B.V. in the promising field of "Online Prototyping Platform 
for Electronics", further strategic investments to expand the market position in the field of High Value Electronics 
are taking shape. 
Munich, August 13, 2021 - KATEK SE, a leading European electronics company offering software and hardware development, 
prototyping and manufacturing, and related services for high-end electronics solutions, continues its strong growth. As 
a result, the Group closed the first half of 2021 with a 48.5 percent increase in sales and was even able to increase 
its growth momentum. Group sales in the first half of the year rose significantly from EUR 182.5 million to EUR 271.0 
million. Significant growth impetus was provided by 
- High Value Electronics projects in the renewables/solar and eMobility sectors in particular continue to show 
significant double-digit growth rates (+24.2 percent and +48.9 percent, respectively) 
- and inorganic sales growth from the integration of the Leesys Group (now KATEK Leipzig and TeleAlarm) 
EBITDA of the KATEK Group has more than doubled to 17.7 million euros in the first half of 2021 compared to the same 
period of the previous year (H1/2020: 7.7 million euros). The EBITDA margin was thus 6.5 percent, compared with 4.2 
percent in H1/2020. In addition to the strong operating performance, this was primarily due 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) in Q1/2021. 
Operating EBITDA (adjusted) excluding special items of EUR 13.4 million for the first half of 2021 is also 
significantly higher than the prior-year figure of EUR 8.2 million, by a good 63 percent. The EBITDA margin (adjusted) 
improved from 4.5 percent in the prior-year period to 5.0 percent despite a persistently challenging environment. 
"We truly believe that it is possible to grow strongly and at the same time further increase profitability step by 
step. The main growth drivers on the sales and earnings side continue to be the Renewables/Solar, eMobility and 
Healthcare segments. These high-growth segments will continue to contribute significantly to profitable growth in the 
future and have a significant impact on our development to a European powerhouse. The order trend in the other 
industrial segments is also very strong" says Rainer Koppitz, CEO of KATEK SE. 
M&A activities to strengthen in the High Value Electronics area 
As previously announced, KATEK SE acquired a majority stake in electronics startup AISLER B.V. in May 2021 (initial 
consolidation date: June 01, 2021). AISLER is a forward-looking and fast-growing online prototyping provider for 
electronics, giving KATEK access to its excellent team and AISLER's technology base to drive the digitalization and 
automation of KATEK's portfolio across the entire electronic value chain. The first joint projects to exploit mutual 
synergies have already started. 
Rainer Koppitz: "In the future, cooperation with customers will be much more digital and automated. We are preparing 
for this. A new generation of developers and buyers expects collaboration with electronics suppliers that will have 
nothing to do with today's analog project work. Instead, it will be based on the experience that today it is possible 
to process even complex orders for products such as cars or services such as individual trips completely barrier-free 
online - with AISLER, we are transferring this to the electronics world and want to give our industry decisive impetus. 
" 
The KATEK CEO further on the subject of M&A: "In addition, we are working flat out to plan further company investments 
in the High Value Electronics sector in order to further expand our strong market position - it cannot be ruled out 
that there will be news on this already in the current half year." 
Forecast for full year 2021 
The KATEK management continues to see the target communicated in the securities prospectus (sales revenues 2021 >500 
million euros) confirmed and expects a continuation of the positive business development for the full year after the 
successful first half of the year. Based on the known environmental conditions, the strong position in high-growth 
segments and the sustainable optimization projects currently being implemented, sales and operating EBITDA (adjusted) 
are again expected to exceed the respective prior-year figures. This means consolidated sales of around EUR 535 to 560 
million and an increase in operating profit (adjusted EBITDA) of between 30 and 59 percent to EUR 27 to 33 million. 
The complete half-year financial report of KATEK SE is published on the website www.katek-group.com in the Investor 
Relations section. 
KATEK Investor Relations 
Investor Relations 
ir@katek-group.com+ 
49 89 24881 4280 
KATEK press contact 
Ramona Kasper 
Head of Marketing & Communications 
ramona.kasper@katek-group.com 
+ 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. 
----------------------------------------------------------------------------------------------------------------------- 
2021-08-13 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 
              Germany 
Internet:     www.katek-group.de 
ISIN:         DE000A2TSQH7 
WKN:          A2TSQH 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1226267 
 
End of News   DGAP News Service 
------------- 

1226267 2021-08-13

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1226267&application_name=news

(END) Dow Jones Newswires

August 13, 2021 02:02 ET (06:02 GMT)

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Financials
Sales 2021 543 M 631 M 631 M
Net income 2021 7,80 M 9,06 M 9,06 M
Net Debt 2021 49,2 M 57,1 M 57,1 M
P/E ratio 2021 48,0x
Yield 2021 -
Capitalization 401 M 465 M 465 M
EV / Sales 2021 0,83x
EV / Sales 2022 0,67x
Nbr of Employees 2 669
Free-Float 33,5%
Chart KATEK SE
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 30,25 €
Average target price 35,75 €
Spread / Average Target 18,2%
EPS Revisions
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