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

Sales target for 2021 confirmed, very good outlook for the full year

  • Group sales in the first half of 2021 increased by around 49 percent compared to the previous year to EUR 271.0 million
  • Organic growth of over 27 percent shows the competitiveness of the business and the book-to-bill ratio of 1.5 indicates continued growth in the double digit area and further gains in market share
  • Operating EBITDA (adjusted) improved significantly by a good 63 percent to EUR 13.4 million
  • Reported EBITDA increased sharply to EUR 17.7 million (+131.7 percent)
  • Sales forecast for the full year 2021 of EUR 535 to 560 million underpins unchanged positive business expectations
  • After the majority acquisition of AISLER BV 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 concretized
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
  • High value electronics projects in particular in the Renewables / Solar and eMobility sectors, each with clear double-digit growth rates (+24.2 percent and +48.9 percent)
  • as well as inorganic sales growth from the integration of the Leesys Group (today KATEK Leipzig and TeleAlarm)

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.

“We firmly believe that you can grow strongly and at the same time increase your profitability step by step. The growth drivers on the sales and earnings side continue to be primarily the Renewables / Solar, eMobility and Healthcare sectors. These high growth segments will continue to make a significant contribution to profitable growth in the future and have a decisive influence on our development into a European powerhouse. The development of orders in the other industrial segments is also very positive, ”says Rainer Koppitz, CEO of KATEK SE.
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