Successful business development: KATEK continues to grow strongly in 2023,
realizes strongest year in the company's history in terms of operating result
(EBITDA) and meets all forecasts

EQS-News: KATEK SE / Key word(s): Preliminary Results/Annual Results
Successful business development: KATEK continues to grow strongly in 2023,
realizes strongest year in the company's history in terms of operating
result (EBITDA) and meets all forecasts

15.04.2024 / 10:39 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Successful business development: KATEK continues to grow strongly in 2023,
realizes strongest year in the company's history in terms of operating
result (EBITDA) and meets all forecasts

  * Group sales increased by around 15% compared to the previous year to EUR
    782.8 million

* Reported EBITDA increased by over 80% to over EUR 41.9 million

  * Consistent working capital management with organic reduction in
    inventories leads to corresponding positive effect

  * Publication of annual report rescheduled in the context of the Kontron
    transaction

  * Cautious outlook in 2024 due to economic environment factors, but still
    on course for growth

Munich, April 15, 2024 - KATEK SE publishes preliminary figures for the
successfully completed financial year 2023. The publication of the final,
audited figures is planned for April 30, 2024. According to preliminary
figures, the company continued its strong growth in the 2023 financial year
and achieved a new record result. With sales growth of around 15% to EUR
782.8 million and an increase in reported EBITDA of more than 80% to over
EUR 41.9 million, KATEK has expanded its position in the market and
impressively realized the turnaround in earnings.

The significant improvement in the gross margin in the second half of 2023
underlines the effectiveness of the strategic measures. The adjusted
operating result (EBITDA adj.) is within the forecast guidance, which
demonstrates the successful implementation of the corporate strategy and the
ability to adapt in a dynamic market environment.

Consistent working capital management led to an organic reduction in
inventories of just under 18% with simultaneous growth, demonstrating the
company's strong performance in this area.

Particularly noteworthy is the strong sales growth in the solar sector of
over 32% in 2023, which confirms KATEK as a leading provider in this area.
In addition, all preparations have been made in the Charging division for
the expected growth, which underlines KATEK's ability to successfully place
innovative products on the market within a very short space of time.

In the first few months of the 2024 financial year, KATEK is aware of
economic uncertainties in the business environment. These are indirectly
reflected in the changed demand and call-off behavior of customers. On this
basis, KATEK's management is currently assuming that growth expectations
will be reduced by EUR 15 million. In addition, existing inventories are
being reviewed as necessary in connection with the new forecasts; this risk
is currently valued at EUR 10 million.

The acquisition of around 59.4% of KATEK shares indirectly by Kontron AG was
successfully completed at the end of February 2024. As a result of the
change of control and the resulting urgent and diverse tasks and integration
of limited capacities in the company, KATEK has recently decided to align
the final publication of the business figures with the legal requirements
and to update the financial calendar as published. All figures mentioned are
subject to the proviso that the audit of the consolidated financial
statements has not yet been completed.

KATEK and Kontron: Strong together for the future

Through the strategic partnership with Kontron AG, a leading company in the
field of Internet-of-Things (IoT), KATEK is excellently positioned to
continue its strong growth and realize its full potential in a unified group
of companies. Following the acquisition of the KATEK shares by Kontron AG,
KATEK continues its success story with Kontron. The focus on key industries
such as electromobility and renewable energies, coupled with an impressive
international expansion and the development into a key driver of the
electronics industry in Europe, especially in the GreenTec sector, forms the
basis of this synergy. The connection with Kontron opens up new growth
opportunities for KATEK in promising markets through the integration of
high-quality electronic systems and products, including software.


Contact

KATEK Investor Relations
Barbara Jeitler
ir@katek-group.com
+43 1 80191 1199


About KATEK

KATEK Group, headquartered in Munich, is one of the fastest growing
electronics companies in Europe and aims to make a decisive contribution to
the 'electronification of the world'. KATEK is an end-to-end service
provider for high-value electronics. The range of services covers the entire
product life cycle. From the development of software and hardware, through
rapid prototyping of electronic assemblies and production, to subsequent
support of the process at the customer's premises, including logistics,
after-sales and service activities.

3,200 employees at locations in Germany, Eastern Europe, North America and
Asia produce the megatrends of the future. With its local-to-local approach,
KATEK ensures proximity to the customer and at the same time paves the way
to the global market. Market leaders from the fastest-growing industries -
from electromobility to renewable energies to medical technology - rely on
this strategy.

KATEK Group has been part of the Kontron Group since March 2024. CEO is
Hannes Niederhauser and CFO is Dr. Johannes Fues. For more information about
KATEK, please visit https://katek-group.com.

Statements contained herein may constitute 'forward-looking statements'.
Forward-looking statements are identified by words such as 'may', 'will',
'should', 'plans', 'expects', 'anticipates', 'estimates', 'believes',
'intends', 'has in mind', 'targets' or their negative form or equivalent
variations and comparable terminology.

Forward-looking statements are based on current expectations and involve a
number of known and unknown risks, uncertainties and other factors that may
cause the actual results, levels of utilization, performance or achievements
of the Group or the industries in which it operates to be materially
different from those expressed or implied by such statements. Undue reliance
should not be placed on forward-looking statements. The Group will not
update or revise any forward-looking statements contained herein as a result
of new information, future events or otherwise.


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15.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        KATEK SE
                   Promenadeplatz 12
                   80333 München
                   Germany
   Internet:       www.katek-group.com
   ISIN:           DE000A2TSQH7
   WKN:            A2TSQH
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1880475

End of News EQS News Service
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1880475 15.04.2024 CET/CEST