Brief: Kitron Kitron Raises Revenue Outlook

Kitron ASA

12/07/2022 12:01

July 12 (Reuters) - Kitron ASA  KIT.OL :
    * SECOND-QUARTER OPERATING PROFIT (EBIT) WAS NOK 100.2
MILLION
    * KITRON'S REVENUE FOR Q2 WAS NOK 1 580 MILLION, COMPARED TO
NOK
994 MILLION LAST YEAR.
    * Q2 ORDER BACKLOG ENDED AT NOK 4 879 MILLION, AN INCREASE
OF 113
PER CENT COMPARED TO LAST YEAR
    * KITRON ASA - KITRON RAISES ITS REVENUE OUTLOOK TO BETWEEN
NOK 5
700 AND 6 100 MILLION (PREVIOUSLY BETWEEN NOK 5 200 AND 5 800
MILLION)
    * FY OPERATING PROFIT IS EXPECTED TO BE BETWEEN NOK 330
MILLION
AND NOK 400 MILLION (PREVIOUSLY BETWEEN NOK 330 MILLION AND 430
MILLION)
    * ENTERING SECOND HALF OF 2022, KITRON SEES STRONG DEMAND
FROM
CUSTOMERS AND CONTINUED EASE OF SUPPLY CHAIN CONSTRAINTS

Source text for Eikon:  ID:nGNEb9nFZk 
Further company coverage:  KIT.OL 

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