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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: Q1 2014 - Continued revenue growth, but profitability remains challenging

(PresseBox) (Großbettlingen, )
Kitron ASA today reported that revenues continued to grow in the first quarter, while profitability was under pressure. Important contracts were secured. In order to improve profitability, Kitron has reorganised the sourcing operations and will downsize the Arendal operations.

Kitron's revenues amounted to NOK 435.8 million, compared to NOK 378.3 million in the first quarter of 2013. EBIT was reduced from NOK 4.0 million to NOK 2.0 million. Net profit amounted to a loss of NOK 1.7 million, a reduction from a profit of NOK 1.4 million. Operating cash flow was minus NOK 17.4 million, compared to minus NOK 15.9 koxqaik swnkea nlr iatur bldsqex syvs ofel.

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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.