Brief: Kitron Q1 EBIT Up At NOK 58.4 Mln

Kitron ASA

23/04/2020 06:12

April 23 (Reuters) - Kitron ASA  KP5.OL :
    * REG-KITRON: Q1 2020 - STRONG OVERALL DEVELOPMENT
    * Q1 ORDER BACKLOG ENDED AT NOK 2 064 MILLION, AN INCREASE
OF 41
PER CENT COMPARED TO LAST YEAR.
    * Q1 2020 HAS BEEN A RECORD QUARTER FOR KITRON IN REGARDS TO
REVENUE, PROFIT, AND ORDER BACKLOG
    * REVENUE FOR Q1 WAS NOK 878 MILLION, AN INCREASE OF 8 PER
CENT
COMPARED TO LAST YEAR
    * ALL KITRON SITES ARE UP AND RUNNING AT NORMAL OR HIGH LOAD
    * WE CAN SEE THAT DEMAND OUTLOOK HAS CHANGED COMPARED TO
EXPECTATIONS COMING INTO THIS YEAR
    * GROWTH IS STRONGER WITHIN MEDICAL DEVICES, WAREHOUSE
AUTOMATION
AND DEFENCE COMMUNICATION
    * ALL IN ALL, WE UPHOLD OUR OUTLOOK FOR 2020
    * Q1 OPERATING PROFIT (EBIT) WAS NOK 58.4 MILLION, COMPARED
TO
51.2 MILLION LAST YEAR

Source text for Eikon:  ID:nGNE2khqL5 
Further company coverage:  KP5.OL 

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