Kontron is trading at €18.91 (-7.39%) today after the company reported a year-over-year decline in nine-month profitability and warned of a potential multi-million euro impairment.
- Nine-month revenue reached €1,102.9 million with a net income of €52.7 million, down from adjusted revenue of €1,123.6 million and net income of €110.8 million in the prior year.
- The company flagged a possible impairment of up to €25 million related to ongoing settlement negotiations with Volkswagen over unpurchased agreed quantities.