05.06.2022, 1203 Zeichen

S&T: S&T announced that the change of the company’s corporate name decided by the company’s Annual General Meeting on 6 May, 2022 to Kontron AG and the associated amendment to the articles of association was entered in the Austrian commercial register on the 1st of June, 2022. Hannes Niederhauser, CEO of Kontron AG: “We are setting the strategic course for further growth in the high-margin IoT market. The change of name to “Kontron”, a brand with high recognition on the market, is a further step in this direction.” The company has changed its name due to the focus of Kontron AG and its group companies on technologies related to the Internet of Things (IoT), which have been marketed under the Kontron brand for several years. The Group already generates around two thirds of its revenue, which was Euro 1,342 mn in financial year 2021, in the IoT segment. By 2025, the company aims to increase revenues to Euro 2,000 mn in the high-margin IoT business segment. For Kontron AG, the change of name is a step in the transformation process towards becoming a leading IoT player.
Kontron: weekly performance: 0.94%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (01/06/2022)

Christian Drastil: Wiener Börse Plausch

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