Kontron reports high Q3 order intake

Kontron delivered Q3 results in line with its expectations. Guidance for the full year is confirmed by record order intake gives reason for optimism for 2015.

Order intake for continuing operations reached a record in the third quarter of 2014, climbing to EUR 134.9 million or by more than 49 percent on the same quarter last year (Q3 2013: EUR 90.3 million), and by more than 12 percent sequentially (Q2 2014: EUR 120.4 million). Kontron generated revenues from continuing operations of EUR 108.6 million, up slightly on last year. Thus, the company achieved a book-to-bill ratio of 1.24, in excess of 1 for the fourth consecutive quarter. “The fact that order intake, a metric of high significance to our business development, has grown so much, raises our confidence“, says Rolf Schwirz, CEO of Kontron AG. “Moreover, all business units contributed to this excellent result, which confirms to us that we have taken the right steps, and that our customers continue to support us through this difficult transformation process. Clearly, some challenges remain: for example, we were unable to complete as many customer orders as we could have done during the third quarter. We are working hard at resolving existing bottlenecks and expect these orders to have a positive impact on our revenues in the last quarter of the year.” Cash flow from continuing operating activities in the third quarter amounted to EUR -2.9 million, after EUR 4.8 million in the same period of the previous year. “While cash flow from operations is still slightly negative, it has improved on the previous quarter“, says Michael Boy, CFO of Kontron AG. “Our equity ratio is once again above 60 percent, which will stand us in good stead for the significant strategic and operational challenges ahead.”

Jenoptik is acquiring 100% of the shares in TRIOPTICS GmbH, a supplier of test equipment and manufacturing systems for optical components and sensors.

"Although the growth path of the global microelectronics market is intact, on a long-term trend-line, it declined by 12.1 percent to USD 412 billion in 2019," said Dr. Sven Baumann, ZVEI expert for microelectronics, sensors and actuators.

X-FAB Silicon Foundries announced the appointment of Jörg Doblaski as its new Chief Technology Officer (CTO). He fills the role of former CTO Dr. Jens Kosch, who is becoming an X-FAB Fellow and will serve as an adviser to the company’s CEO Rudi De Winter.

The emerging market for silicon carbide (SiC) and gallium nitride (GaN) power semiconductors is forecast to pass USD 1 billion in 2021, energised by demand from hybrid & electric vehicles, power supplies, and photovoltaic (PV) inverters.

The proposed JV aims to disrupt the data center market using the POET Optical Interposer to achieve superior economics and scale.

SG Wireless, the IoT solutions arm of EMS provider Season Group, has added Digi-Key as an authorised distributor of its IoT products for the US.

Kioxia Holdings Corporation says it expects to complete its acquisition of LITE-ON Technology Corporation’s Solid State Drive (SSD) business, Solid State Storage Technology Corporation and its affiliated companies on July 1, 2020.

II‐VI Incorporated has singed an agreement with General Electric to license GE's technology to manufacture silicon carbide (SiC) devices and modules for power electronics.

Dialog Semiconductor says it has completed the acquisition of Adesto Technologies Corporation (Adesto)), a provider of custom ICs and embedded systems for the IIoT market.

Despite the reduced demand for consumer electronics and smartphones as a result of the COVID-19 pandemic, the NAND Flash market showed a short supply in 1H20, thanks to the corresponding rising demand for cloud services and distance education, as well as increased inventory procurement by some clients concerned with a possible breakage in the supply chain.

The electronics designer and manufacturer is looking to reinforce its foundation in Southern China and is doing so by adding a new manufacturing facility in Huizhou (Guangzhou, China).

The 10,000-square-foot facility in Elkridge, Maryland aims to services U.S. East Coast, Southern and Midwestern customers with consulting, production, support, and rapid delivery.