BRIEF

on Kontron AG (isin : DE0006053952)

Kontron Extends Market Leadership in Railway Communication Systems

Vienna, Austria, September 4, 2024 – Kontron is seeing an increased demand for its transportation solutions. The company has received orders amounting to hundreds of millions in 2024, solidifying its position as the global leader in mission-critical communication systems for the railway industry.

Kontron Transportation has capitalized on growth in the railway infrastructure sector, particularly in Austria, France, Ireland, the UK, the Czech Republic, Spain, and Slovenia. The company now serves customers in over 25 countries, mainly in Europe, providing end-to-end communication solutions for mission-critical and security-critical networks.

Richard Neussl, Managing Director of Kontron Transportation, attributes this success to the team’s commitment, customer focus, and innovation. The company is currently developing the Future Railway Mobile Communication System (FRMCS) as the new 5G-based standard for railway communication in Europe. This allows Kontron to facilitate a seamless migration from the existing GSM-R system to FRMCS.

Overall, Kontron Group's trend towards IoT data networks remains strong, with incoming orders reaching approximately EUR 920 million in the first half of 2024. The company aims to increase EBITDA by 50% to EUR 190 million this year.

R. E.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Kontron AG news