Kontron raises revenue as restructuring cuts 500 jobs

Linz-based technology group Kontron increased adjusted revenue by 1.1 percent to 737.1 million euros in the first half of 2026, ORF reported on Thursday. Special costs pushed net profit down to 34.9 million euros from 88.9 million euros in the same period last year.

The company’s restructuring programme in its GreenTec business is expected to be completed in the third quarter. It includes the elimination of 500 jobs, with 424 positions already cut. Kontron expects the programme to save 30 million euros annually, with the full effect visible from the 2027 financial year.

Adjusted earnings before interest, taxes, depreciation and amortisation rose to 100.8 million euros in the first half, compared with 90.9 million euros in the same period of 2025.

Kontron’s management continues to expect slightly higher revenue of 1.607 billion euros for the full year. After accounting for businesses that have been sold, this would represent organic growth of 8 percent. Adjusted EBITDA is expected to reach 225 million euros excluding the costs of the job cuts.

Taiwan-based Ennoconn Corporation, Kontron’s largest shareholder, failed to secure a majority after the mandatory takeover offer expired. Shareholders tendered around 19.5 percent of Kontron’s shares to Ennoconn. Kontron’s management had previously advised against accepting the offer.

Ennoconn crossed the 30 percent threshold in mid-June and was required to launch the offer.