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Kitron GmbH Carl-Zeiss-Str. 3 72555 Metzingen, Germany http://www.kitron.com/
Contact Mr Dag Songedal
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Kitron GmbH

Kitron: Q2 2014 - Strong order intake, profitability still challenging

(PresseBox) (Großbettlingen, )
Kitron ASA today reported that revenues and order backlog grew in the second quarter, but profitability is still challenging. As previously announced, Kitron is therefore downsizing the Arendal operations.

Kitron's revenues amounted to NOK 457 million, compared to NOK 430 million in the second quarter of 2013. EBIT was reduced from NOK 9.3 million to NOK 6.9 million. Net profit amounted to NOK 3.9 million, a reduction from NOK 7.8 million. Operating cash flow was NOK 9.5 million, compared to NOK 30.3 million during the second quarter last year.

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