Revenue amounted to NOK 338.6 million in the third quarter, which represents a 25.5 per cent decrease compared with the same period last year. Loss before tax and discontinued operations was NOK 0.6 million, compared to a profit of NOK 27.6 million for the third quarter last year. Cash flow from operations was NOK 11.0 million compared to NOK 27.8 million in the same period last year. Before repayment of factoring debt the cash flow was NOK 19.0 million. The order intake was NOK 377 million and the order backlog was NOK 778 million, a decrease of 34.8 per cent and 29.3 per cent respectively.
Enclosed in pdf are the interim report and the presentation.
4 November 2009
Kitron ASA
Key items
Figures in brackets refer to the third quarter of 2008 unless otherwise stated.
Cash flow
Cash flow from operations in the third quarter was NOK 11.0 million (NOK 27.8 million). Before repayment of factoring debt the cash flow from operations was 19.0 million.
Strong solidity
The equity ratio continued to improve and reached 47.2 per cent in Q3 (34.9 per cent).
Revenue decline
Revenue decreased by 25.5 per cent to NOK 338.6 million (NOK 454.3 million).
Decrease in operating profit
EBITDA and EBIT were NOK 12.8 million (NOK 41.9 million) and NOK 4.4 million respectively (NOK 34.6 million).
Order intake and backlog
The order intake decreased by 34.8 per cent to NOK 377 million (NOK 578 million). The order backlog at the end of third quarter was NOK 778 million (NOK 1 100 million).
Kitron Q3 2009
Presentation Kitron Q3 2009