LINZ (dpa-AFX) - The technology group Kontron expects further growth in sales and profits for the current year. Net profit is expected to rise to over EUR 87 million in 2024, as the company, which focuses on the Internet of Things (IoT), announced in Linz on Monday. Turnover is set to increase to over 1.4 billion euros.

Preliminary figures for the past year indicate a strong fourth quarter, the SDax-listed company added. According to preliminary figures, the net result amounted to EUR 72 million, with sales of EUR 1.2 billion. Kontron raised its forecast for 2023 twice last year. The company is convinced that "the 2024 financial year will be another very good year", said Niederhauser, referring to full order books./nas/stk