Kitron ASA (OSE: KIT) today reported that a strong order intake during the quarter has increased the order backlog to last year's level. A decline in revenues led to lower profitability compared to last year. Negative cash flow development is due to build up of inventories.
Kitron's revenues amounted to NOK 346.6 million, compared to NOK 365.8 million in the third quarter 2012. EBIT was reduced from NOK 15.4 million to NOK 7.6 million. Net profit amounted to NOK 3.2 million, a decrease from NOK 5.1 million. Operating cash flow for the third quarter was minus NOK 33.5 million,
Kitron's revenues amounted to NOK 346.6 million, compared to NOK 365.8 million in the third quarter 2012. EBIT was reduced from NOK 15.4 million to NOK 7.6 million. Net profit amounted to NOK 3.2 million, a decrease from NOK 5.1 million. Operating cash flow for the third quarter was minus NOK 33.5 million,
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