Brief: Kitron ASA Q3 EBIT Up At Nok 39.6 Million

Kitron ASA

24/10/2019 06:40

Oct 24 (Reuters) - Kitron ASA  KP5.OL :
    * REG-KITRON: Q3 2019 – STRONG GROWTH CONTINUES
    * KITRON'S REVENUE FOR Q3 WAS NOK 738 MILLION, AN INCREASE
OF 31
PER CENT COMPARED TO LAST YEAR
    * Q3 EBIT NOK 39.6 MILLION VERSUS NOK 30.0 MILLION YEAR AGO
    * Q3 PROFIT AFTER TAX AMOUNTED TO NOK 24.6 MILLION, COMPARED
TO
21.8 MILLION IN SAME QUARTER PREVIOUS YEAR
    * FOR 2019, KITRON EXPECTS REVENUE TO GROW TO BETWEEN NOK 3
200
AND NOK 3 400 MILLION
    * 2019 EBIT MARGIN IS EXPECTED TO BE BETWEEN 5.9 AND 6.3 PER
CENT
    * Q3 ORDER BACKLOG ENDED AT NOK 1,572 MILLION, COMPARED TO
1,122
MILLION LAST YEAR
    * START-UP OF POLISH FACILITY IS ALSO EXPECTED TO AFFECT
MARGINS
    * EXPECT MARGIN CHALLENGES TO BE RESOLVED AS WE MOVE INTO
2020
    * GROWTH IS PRIMARILY DRIVEN BY ACQUISITION OF EMS DIVISION
OF API
TECHNOLOGIES CORP. AND GROWTH FOR CUSTOMERS IN
DEFENCE/AEROSPACE, INDUSTRY AND OFFSHORE/MARINE SECTORS

Source text for Eikon:  ID:nGNE9ypm3s 
Further company coverage:  KP5.OL 

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