As a result from increased market demand and investments in productivity enhancing measures Kitron ASA expects a strong financial performance in the second quarter 2008 (2Q08).
The revenue in 2Q08 is estimated to be between NOK 565 million and NOK 585 million, to be compared with NOK 510 million in 2Q07, and the EBT in 2Q08 is estimated to be ranging from NOK 38 million to NOK 40 million, to be compared with NOK 21 million in 2Q07.
"The positive financial development appears sustainable and the outlook for 2008 looks promising", says Jørgen Bredesen, CEO of Kitron ASA.
17 June 2008
Kitron ASA
For further information, please contact:
Jørgen Bredesen, CEO of Kitron ASA, phone: (+47) 4825 2584, or e-mail: jorgen.bredesen@kitron.com
Björn Wigström, CFO of Kitron ASA, phone: (+47) 9053 1304, or e-mail: bjorn.wigstrom@kitron.com
Kitron is one of Scandinavia`s leading companies in development, industrialisation and manufacturing of electronics for the Data/Telecom, Defence/Marine, Medical equipment and Industry sectors. The company is located in Norway, Sweden and Lithuania. Kitron had a revenue of about NOK 1.9 billion in 2007 and has about 1,300 employees. www.kitron.com