KATEK grows by almost 50 percent in the first half of 2021 with significantly increased profitability

Munich -KATEK SE, a leading European electronics company that offers software and hardware development, prototyping and manufacturing as well as related services for high-quality electronic solutions, is continuing its strong growth. 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 again. Group sales in the first half of the year rose significantly from EUR 182.5 million to EUR 271.0 million. Provided significant growth impulses

The KATEK Group’s EBITDA more than doubled to EUR 17.7 million in the first half of 2021 compared to the same period in the previous year (H1 / 2020: EUR 7.7 million). The EBITDA margin was 6.5 percent compared to 4.2 percent in H1 / 2020. In addition to the strong operational development, this is primarily due to the positive special effect from the preliminary purchase price allocation of the acquired assets of Leesys (Leipzig Electronic Systems GmbH, now KATEK Leipzig GmbH) in Q1 / 2021.

The operating EBITDA (adjusted) excluding special effects of EUR 13.4 million for the first half of 2021 is a good 63 percent, which is also significantly higher than the previous year’s figure of EUR 8.2 million. The EBITDA margin (adjusted) improved from 4.5 percent in the same period of the previous year to 5.0 percent, despite a persistently challenging environment.