ECHING (dpa-AFX) - Embedded computer technology firm Kontron AG (KOTFY.PK, KOTRF.PK) said that it plans to reach at least 650 million euros revenues by 2016, as well as a gross profit margin above 25 percent and an operating margin of more than 6 percent.
Revenue of between 500 million euros and 550 million euros is expected for the 2013 financial year. Gross profit and operating earnings are set to come in at around the previous year's level.
In its recently held Capital Markets Day for analysts and institutional investors, Rolf Schwirz, the company's Chief Executive officer, presented the results of his strategic review as well as the cornerstones of his 'The New Kontron' program.
The program represented a significant broadening of the organizational reorientation that was implemented in 2013, with a view to reposition the company above and beyond optimizing its organizational structure.
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