DGAP-News: KATEK SE / Key word(s): Quarterly / Interim Statement
KATEK shows strong growth in the first quarter, further improves earnings and confirms business expectations for the
full year
2021-05-31 / 09:19
The issuer is solely responsible for the content of this announcement.
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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
Investor Relations
ir@katek-group.com
+49 89 24881 4280
KATEK press contact
Startup Communication
Christina Fischer-Friedrich
cf@startup-communication.de
+ 49 89 120 21 92 67
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 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.
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.
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2021-05-31 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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Archive at www.dgap.de
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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: 1202314
End of News DGAP News Service
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1202314 2021-05-31
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(END) Dow Jones Newswires
May 31, 2021 03:20 ET (07:20 GMT)