(Clarification in 2nd paragraph on 2023)

LINZ (dpa-AFX) - The technology group Kontron expects further growth in sales and profits for the current year. The company, which focuses on the Internet of Things (IoT), announced in Linz on Monday that net profit is set to rise to over EUR 87 million in 2024. Turnover is set to increase to over 1.4 billion euros. The company is convinced that "the 2024 financial year will be another very good year", said CEO Hannes Niederhauser, referring to full order books.

The preliminary figures for the past 2023 financial year point to a strong fourth quarter and the fulfillment of all targets, both for the planned revenue of EUR 1.2 billion and for the net result of EUR 72 million, Kontron continued. The SDax-listed company raised its forecast for 2023 twice last year. The management once again expects to have exceeded the targets, it added./nas/stk/mis