Kitron gained NOK 390.2 million in revenues in the third quarter of 2007, representing 11 per cent increase compared to the same period in 2006. Year on year revenue grew 18 per cent, to NOK 1,386.4 million. Profit before tax was NOK 8.7 million, which is NOK 1.4 million down compared to third quarter in 2006.
Enclosed in pdf are the interim report and the presentation.
25 October 2007
Kitron ASA
Key items
Figures in brackets refer to the third quarter of 2006 unless otherwise stated.
Revenue growth (11 per cent)
NOK 390.2 million (NOK 350.4 million).
NOK 390.2 million (NOK 350.4 million).
Reduced gross margin
Gross margin was 38.6 per cent (39.5 per cent) due to variations in relative growth between business areas and product mix variations.
Gross margin was 38.6 per cent (39.5 per cent) due to variations in relative growth between business areas and product mix variations.
Operating profit stable
EBITDA and EBIT were NOK 22.2 million (NOK 21.7 million) and NOK 13.9 million (NOK 14.3 million) respectively.
EBITDA and EBIT were NOK 22.2 million (NOK 21.7 million) and NOK 13.9 million (NOK 14.3 million) respectively.
Profit before tax reduced
NOK 8.7 million (NOK 10.1 million). Profit before tax amounted to an operating margin of 2.2 per cent (2.9 per cent) and 3.3 per cent in the first nine months of the year (2.7 per cent in 2006).
NOK 8.7 million (NOK 10.1 million). Profit before tax amounted to an operating margin of 2.2 per cent (2.9 per cent) and 3.3 per cent in the first nine months of the year (2.7 per cent in 2006).
Reduced order intake
NOK 380 million (NOK 402 million). The order backlog at the end of the quarter remained at about six months's revenue, at NOK 877 million (NOK 978 million).
NOK 380 million (NOK 402 million). The order backlog at the end of the quarter remained at about six months's revenue, at NOK 877 million (NOK 978 million).
Cash flow from operations in the third quarter was NOK -29.4 million (NOK -45.1 million).
