Improved performance before restructuring
(Thomson Reuters ONE) -
(2010-02-09) Kitron's revenue amounted to NOK 455.2 million in the fourth
quarter of 2010, a 7.4 per cent increase compared with the same period last
year. EBIT was negative by NOK 13.6 million (NOK 15.8 million) due to the
booking of NOK 27 million in provisions in Kitron AB. The loss before tax and
discontinued operations was NOK 18.8 million (NOK 12.8 million profit in Q4
2009). Cash flow from operations was positive by NOK 38.7 million (NOK 62.3
million). The order intake was NOK 443.2 million and the order backlog was NOK
836.1 million, a decrease of 2.5 per cent and an increase of 5.1 per cent
respectively.
Enclosed in pdf are the interim report and the presentation.
Key items fourth quarter 2010
Figures in brackets refer to the fourth quarter of 2009 unless otherwise stated.
Order development stable
The order intake decreased by 2.5 per cent to NOK 443.2 million (NOK 454.7
million). The order backlog at the end of the fourth quarter was NOK 836.1
million (NOK 795.8 million), 5.1 per cent higher than last year.
Activity level increasing
Revenue increased by 7.4 per cent to NOK 455.2 million (NOK 423.9 million) amid
the difficult component situation.
Operating profit negative due to booking of restructuring provision
EBITDA and EBIT were negative by NOK 6.2 million (NOK 23.0 million profit) and
NOK 13.6 million (NOK 15.8 million profit) respectively due to the booking of
NOK 27 million in provisions related to Kitron AB in Karlskoga.
Profit (loss) before tax and discontinued operations
The loss before tax and discontinued operations amounted to NOK 18.8 million
(NOK 12.8 million profit).
Cash flow
Cash flow from operations in the fourth quarter was positive by NOK 38.7 million
(NOK 62.3 million) due to working capital improvements.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Presentation Q4 2010:
http://hugin.info/197/R/1486722/421996.pdf
Interim report Q4 2010:
http://hugin.info/197/R/1486722/421990.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via Thomson Reuters ONE
[HUG#1486722]
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2011 - 08:31 Uhr
Sprache: Deutsch
News-ID 51251
Anzahl Zeichen: 2853
contact information:
Town:
Oslo
Kategorie:
Business News
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"Improved performance before restructuring"
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