Kitron: Strategy and targets outlined at Capital Markets Day
(Thomson Reuters ONE) -
(2017-02-16) Kitron ASA today will host a Capital Markets Day to update on the
progress towards the company's long-term ambitions.
The company reaffirms the major financial ambitions given at last year's Capital
Markets Day, maintaining a goal of annual organic revenue growth of 10 percent,
leading to revenue of NOK 3 billion in 2020, combined with an EBIT margin of 7
percent.
"At today's event we will give an update on the operational improvements that
have contributed to the strengthened financial results over the past couple of
years. We will also expand on the technological trends that will shape our
industry going forward, such as automation and robotics," said Peter Nilsson,
CEO of Kitron ASA.
Kitron also released its report for the fourth quarter 2016 today. See separate
stock exchange notice.
"The fourth quarter results illustrate the long-term progress we outline at the
Capital Markets Day and confirms that the improvements over the past couple of
years are sustainable," Mr. Nilsson added.
Kitron Capital Markets Day 2017:
Location: Felix Konferansesenter (Felix Conference Center), Bryggetorget
3, 0125 Oslo, Norway
Time: 11:30 am. - 2:30 pm. Light lunch will be served from 11.30 until noon.
Enclosed in PDF is the presentation material for the event. There will also be a
live webcast: http://webtv.hegnar.no/presentation.php?webcastId=44472141
For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, Tel: +47 948 40 850
Cathrin Nylander, CFO of Kitron ASA, Tel: +47 900 43 284
E-mail: investorrelations(at)kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices
and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany, China and the United States. Kitron had revenues of about
NOK 2.1 billion in 2016 and has about 1 350 employees. www.kitron.com
This announcement is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Kitron presentation CMD 2017:
http://hugin.info/197/R/2079138/782687.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2017 - 08:15 Uhr
Sprache: Deutsch
News-ID 524614
Anzahl Zeichen: 2778
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron: Strategy and targets outlined at Capital Markets Day"
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