Strong order intake development
(Thomson Reuters ONE) -
(2010-08-12) Kitron's revenue amounted to NOK 425.7 million in the second
quarter of 2010, a 1.3 per cent increase compared with the same period last
year. The profit before tax and discontinued operations was NOK 1.7 million (NOK
2.7 million). Cash flow from operations was negative by NOK -13.7 million (NOK
-14.4 million). The order intake was NOK 507.8 million and the order backlog was
NOK 867.7 million, an increase of 21.8 and 17.0 per cent respectively.
Enclosed in pdf are the interim report and the presentation.
Key items
Figures in brackets refer to the second quarter of 2009 unless otherwise stated.
Strong order development
The order intake increased by 21.8 per cent to NOK 507.8 million (NOK 416.8
million). The order backlog at the end of the second quarter was NOK 867.7
million (NOK 741.7 million). Several new customer accounts secured.
Revenue
Revenue increased by 1.3 per cent to NOK 425.7 million (NOK 420.4 million).
Operating profit
EBITDA and EBIT were NOK 12.4 million (NOK 14.5 million) and NOK 4.5 million
(NOK 6.1 million) respectively.
Profit before tax and discontinued operations
Profit before tax and discontinued operations amounted to NOK 1.7 million (NOK
2.7 million), which reflects a margin of 0.4 per cent (0.6 per cent).
Component shortage
The shortage in the component market has had a negative impact on revenue,
productivity and profit.
Cash flow
Cash flow from operations in the second quarter was negative by NOK -13.7
million (NOK -14.4 million) mainly due to working capital changes.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1437403]
Q2-2010 Kitron ASA Eng:
http://hugin.info/197/R/1437403/382207.pdf
Q2-2010 Kitron ASA Presentation:
http://hugin.info/197/R/1437403/382211.pdf
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Source: Kitron ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 12.08.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 39505
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contact information:
Town:
Oslo
Kategorie:
Business News
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