Profitability recovering
(Thomson Reuters ONE) -
(2011-04-28) Kitron's revenue amounted to NOK 429.8 million in the first quarter
of 2011, a 4.5 per cent increase compared with the same period last year. EBIT
was positive by NOK 11.1 million (NOK 5.9 million). The profit before tax and
discontinued operations was NOK 5.2 million (NOK 3.3 million in Q1 2010). Cash
flow from operations was negative by NOK 38.3 million (negative NOK 31.7
million). The order intake was NOK 410.2 million and the order backlog was NOK
817.1 million, an increase of 0.9 per cent and 4.3 per cent respectively.
Enclosed in pdf are the interim report and the presentation.
Key items first quarter 2011
Figures in brackets refer to the first quarter of 2010 unless otherwise stated.
Order development stable
The order intake increased by 0.9 per cent to NOK 410.2 million (NOK 406.7
million). The order backlog at the end of the first quarter was NOK 817.1
million (NOK 783.5 million), 4.3 per cent higher than last year.
Activity level increasing
Revenue increased by 4.5 per cent to NOK 429.8 million (NOK 411.1 million) amid
the difficult component situation.
Operating profit improving
EBITDA and EBIT were positive by NOK 18.8 million (NOK 13.4 million) and NOK
11.1 million (NOK 5.9 million profit) respectively due to higher revenue and
improved performance in the Swedish operation.
Profit before tax and discontinued operations
The profit before tax and discontinued operations amounted to NOK 5.2 million
(NOK 3.0 million).
Build up of working capital
Cash flow from operations in the first quarter was negative by NOK 38.3 million
(negative NOK 31.7 million) due to build up of working capital.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
KIT presentation Q1:
http://hugin.info/197/R/1510159/445177.pdf
KIT report Q1:
http://hugin.info/197/R/1510159/445171.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#1510159]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2011 - 14:31 Uhr
Sprache: Deutsch
News-ID 54008
Anzahl Zeichen: 2749
contact information:
Town:
Oslo
Kategorie:
Business News
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"Profitability recovering"
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