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

Kitron: Q1 2016 - Continued growth, solid order backlog

(PresseBox) (Großbettlingen, )
Kitron ASA today reported growth in revenue and order backlog, as well as continued improvement in underlying profitability.

Kitron's revenue in the first quarter amounted to NOK 497 million, an increase from 471 million in the first quarter last year.

Operating profit (EBIT) was NOK 20.5 million, compared 20.8 million last year, with one-offs masking an underlying improvement.

Net profit amounted to NOK 10.0 million, a decrease from 13.6 million. This corresponds to earnings per share of NOK 0.06, compared to NOK 0.08 last year. The main reason for the change was non-cash currency effects on intra-group financial loans.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.