(2010-02-04) Revenue amounted to NOK 423.9 million in fourth quarter of 2009, a 35.3 per cent decrease compared with the same period last year. The profit before tax was NOK 12.8 million (NOK 59.0 million). Cash flow from operations was stable and amounted to NOK 62.3 million (NOK 66.5 million). The order intake was NOK 454.7 million and the order backlog was NOK 795.8 million, a decrease of 17.0 and 18.1 per cent respectively.
Enclosed in pdf are the interim report and the presentation.
Key items
Figures in brackets refer to the fourth quarter of 2008 unless otherwise stated.
Market expansion
Kitron is expanding its market coverage by establishing presence in China and Germany
Order intake and backlog
The order intake decreased by 17.0 per cent to NOK 454.7 million (NOK 548.0 million). The order backlog at the end of the fourth quarter was NOK 795.8 million (NOK 971.2 million).
Revenue
Revenue decreased by 35.3 per cent to NOK 423.9 million (NOK 655.5 million).
Operating profit
EBITDA and EBIT were NOK 22.9 million (NOK 66.2 million) and NOK 15.8 million respectively (NOK 58.1 million).
Profit before tax
Profit before tax amounted to NOK 12.8 million (NOK 59.0 million), which reflects a margin of 3.0 per cent (9.0 per cent).
Strong cash generation
Cash flow from operations in the fourth quarter was NOK 62.3 million (NOK 66.5 million).