Revenue and backlog stabilising
(Thomson Reuters ONE) - Revenue amounted to NOK 427.0 million in the second quarter of 2009,whichrepresents a 25.4 per cent decrease compared with the same periodlast year.The profit before tax and discontinued operations was negative by NOK0.6million, compared to a profit of NOK 40.6 million for the secondquarter lastyear. Cash flow from operations was NOK -14.4 million compared to NOK51.6 million in the same period last year. Before repayment offactoring debtthe cash flow was NOK 32.2 million. The order intake was NOK 417millionand the order backlog was NOK 742 million, a decrease of 33.3 percent and26.3 per cent respectively.Enclosed in pdf are the interim report and the presentation.12 August 2009Kitron ASAKey items second quarter 2009Figures in brackets refer to the second quarter of 2008 unlessotherwise stated.Cash flowCash flow from operations in the second quarter was negative with NOK14.4 million (NOK 51.6million). Before repayment of factoring debt the cash flow fromoperations was 32.2 million.Strong solidityThe equity ratio continued to improve and reached 46.9 per cent in Q2(28.2 per cent).Revenue declineRevenue decreased by 25.4 per cent to NOK 427.0 million (NOK 572.1million).Decrease in operating profitEBITDA and EBIT were NOK 11.3 million (NOK 57.5 million) and NOK 2.9million respectively(NOK 46.7 million).Loss before taxLoss before tax and discontinued operations amounted to NOK 0.6million (2008: profit by NOK 40.6 million), which reflects a marginof 0 per cent (7.1 per cent).Order intake and backlogThe order intake decreased by 33.3 per cent to NOK 417 million (NOK625 million). The orderbacklog at the end of the second quarter was NOK 742 million (NOK 1007 million).http://hugin.info/197/R/1334033/316484.pdfhttp://hugin.info/197/R/1334033/316487.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.08.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 4618
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