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Last 2.80 NOK
Change Today 0.00 / 0.00%
Volume 3.2K
KIT On Other Exchanges
As of 6:25 AM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

kitron asa (KIT) Snapshot

2.70 NOK
Previous Close
2.80 NOK
Day High
2.80 NOK
Day Low
2.70 NOK
52 Week High
05/18/15 - 2.80 NOK
52 Week Low
01/29/15 - 1.51 NOK
Market Cap
Average Volume 10 Days
0.23 NOK
Shares Outstanding
0.05 NOK
Dividend Yield
Current Stock Chart for KITRON ASA (KIT)

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kitron asa (KIT) Details

Kitron ASA, an electronic manufacturing services company, together with its subsidiaries, develops, industrializes, and manufactures electronics for the defense/aerospace, energy/telecoms, industry, medical equipment, and offshore/marine sectors. The company manufactures electronics that are embedded in the customers’ products; and box-built electronic products. Its services include development services, such as product development, product management, and re-engineering; and industrialization services, including prototype manufacturing, evaluation of new products, component engineering and database, test development, design and build of high level assembly lines, and environmental durability testing. The company's services also comprise sourcing and logistics services; manufacturing, assembling, and testing of electronic products for the professional market; and maintenance, repair, and refurbishment programs. Kitron ASA provides its products and services in Norway, Sweden, Lithuania, China, Germany, the rest of Europe, the United States, and internationally. The company is headquartered in Billingstad, Norway.

1,180 Employees
Last Reported Date: 04/22/15

kitron asa (KIT) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: 352.0K NOK
Chief Financial Officer
Total Annual Compensation: 1.6M NOK
Chief Operating Officer
Total Annual Compensation: 2.1M NOK
Managing Director of Kitron AB
Total Annual Compensation: 1.3M NOK
Managing Director of Kitron UAB - Lithuania
Total Annual Compensation: 954.0K NOK
Compensation as of Fiscal Year 2014.

kitron asa (KIT) Key Developments

Kitron Opens New Production Facilities and Engineering Services Centre in Kaunas

Kitron has officially opened its new production facilities and engineering services centre in Kaunas on May 27, 2015. This is a major manufacturing base for Kitron and underscores the strategic importance of the Lithuania division. An investment of EUR 7 million in the newly built 5,000 square metre facility allows the company to expand its existing manufacturing area to 13,000 square metres and to create an additional 60 jobs. From now on the company will not only manufacture in Lithuania, but will also develop new products, with a special focus on engineering services. Engineers will provide prototyping, product design supervision, component engineering, and project management services.

Kitron ASA Reports Condensed Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Year 2015

Kitron ASA reported condensed earnings results for the first quarter of 2015. For the quarter, the company reported revenue amounted to NOK 471 million, an increase from 436 million in the first quarter of 2014. Operating profit (EBIT) was NOK 20.8 million, compared to NOK 2.0 million last year. The improvement is mainly due to a combination of increased revenue and cost initiatives the company implemented during 2014. Net profit amounted to NOK 13.6 million, an improvement from a loss of NOK 1.7 million, influenced by both improved operating profit and currency effects on net financial items. This corresponds to earnings per share of NOK 0.08, compared to a loss of NOK 0.01 last year. Operating cash flow was NOK 35.0 million, compared to minus NOK 17.4 million in the first quarter of 2014. This is primarily related to the improvement in profit. Working capital reduction actions continue to be in focus. Profit before tax was NOK 20,200,000 against loss before tax of NOK 3,327,000 a year ago. Operating profit before depreciation and impairments (EBITDA) was NOK 30,667,000 against NOK 10,566,000 a year ago. For 2015, the company expects growth and a clear improvement in profitability.

Kitron ASA Approves Amendment to Articles of Association

Kitron ASA approved the amendment to the articles of association at the ordinary general meeting held on April 21, 2015.


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Valuation KIT Industry Range
Price/Earnings 12.3x
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow 6.5x
TEV/Sales 0.1x

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