Last 1.93 NOK
Change Today 0.00 / 0.00%
Volume 57.2K
KIT On Other Exchanges
As of 10:25 AM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

kitron asa (KIT) Snapshot

1.93 NOK
Previous Close
1.93 NOK
Day High
1.93 NOK
Day Low
1.93 NOK
52 Week High
07/15/14 - 2.10 NOK
52 Week Low
01/29/15 - 1.51 NOK
Market Cap
Average Volume 10 Days
0.14 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 is engaged in the development, industrialization, and manufacturing of electronics for the energy/telecoms, defense/aerospace, offshore/marine, medical equipment, and industry segments. 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, the rest of Europe, the United States, and internationally. The company is headquartered in Billingstad, Norway.

1,196 Employees
Last Reported Date: 02/11/15

kitron asa (KIT) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: 615.0K NOK
Chief Operating Officer
Total Annual Compensation: 1.7M NOK
Human Resources Director
Total Annual Compensation: 1.2M NOK
Managing Director of Kitron AS - Norway
Total Annual Compensation: 1.9M NOK
Managing Director of Kitron AB
Total Annual Compensation: 1.4M NOK
Compensation as of Fiscal Year 2013.

kitron asa (KIT) Key Developments

Kitron ASA Proposes Dividend for the Year 2014

The Board of Directors of Kitron ASA has decided to propose a dividend of NOK 0.05 per share for the year 2014 to be resolved at the Annual General Meeting (AGM).

Kitron ASA Reports Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Kitron ASA reported earnings results for the fourth quarter and full year of 2014. For the quarter, the company’s revenues amounted to NOK 476 million, unchanged from the fourth quarter of 2013. Operating profit (EBIT) was NOK 14.3 million, compared to NOK 4.3 million last year. Net profit amounted to NOK 17.3 million, an improvement from minus NOK 4.0 million, influenced by both improved operating profit and currency effects on net financial items. Operating cash flow was NOK 12.9 million, compared to NOK 51.5 million in the fourth quarter of 2013. Operating profit before depreciation and impairments (EBITDA) was NOK 23,443,000 compared to NOK 16,722,000 a year ago. Profit before tax was NOK 22,943,000 compared to NOK 562,000 a year ago. Basic and diluted earnings per share was NOK 0.10 compared to basic and diluted loss per share of NOK 0.02 a year ago. Net cash flow from operational activities was NOK 12,879,000 compared to NOK 51,478,000 a year ago. For the full year, the company's revenues amounted to NOK 1,751 million, an increase from NOK 1,632 million in 2013. Operating profit for the year was NOK 30.0 million, up from NOK 25.1 million, resulting in an EBIT margin of 1.7%, an increase of 0.2 percentage points compared to last year. Operating profit before depreciation and impairments was NOK 64,717,000 compared to NOK 64,095,000 a year ago. Profit before tax was NOK 29,607,000 compared to NOK 14,373,000 a year ago. Profit for the period was NOK 24,289,000 compared to NOK 8,328,000 a year ago. Basic and diluted earnings per share was NOK 0.14 compared to NOK 0.05 a year ago. Net cash flow used in operational activities of NOK 4,763,000 compared to net cash from operating activities of NOK 31,934,000 a year ago. For 2015, the company expects growth and a clear improvement in profitability. For the first quarter, the revenue outlook is slightly down sequentially due to seasonality. Growth is driven by increased demand in Defence sector for U.S. and Norwegian markets, as well as increases in Energy/Telecoms and Industry.

Kitron ASA, Q4 2014 Earnings Call, Feb 11, 2015

Kitron ASA, Q4 2014 Earnings Call, Feb 11, 2015


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