Edition:
India

Kitron Q2 EBIT At NOK 45 Mln


Thursday, 12 Jul 2018 

July 12 (Reuters) - Kitron ASA ::REG-KITRON: Q2 2018 - CONTINUED GROWTH AND SOLID PROFITABILITY.EBIT MARGIN WAS 6.8 PER CENT IN Q2..KITRON'S REVENUE IN Q2 AMOUNTED TO NOK 667 MILLION.FOR 2018, KITRON EXPECTS REVENUE TO GROW TO BETWEEN NOK 2 500 AND 2 700 MILLION..Q2 EBIT NOK 45.0 MILLION VERSUS NOK 45.5 MILLION YEAR AGO.2018 EBIT MARGIN IS EXPECTED TO BE BETWEEN 6.1 AND 6.5 PER CENT.."THIS IS HIGHEST Q2 REVENUE IN KITRON'S HISTORY"."FINANCIAL RESULTS INCREASE OUR CONFIDENCE IN 2018 OUTLOOK".COMPONENT SHORTAGES HAVE BEEN AN ONGOING ISSUE FOR ELECTRONICS MANUFACTURING SERVICES INDUSTRY SINCE LAST YEAR.COMPONENT SHORTAGES FOR ELECTRONICS MANUFACTURING SERVICES INDUSTRY IS EXPECTED TO BE CHALLENGING THROUGHOUT YEAR AND INTO 2019."OIL AND GAS MARKET SECTOR SHOWS SIGNS OF RECOVERY, AND WE EXPECT SIGNIFICANT IMPROVEMENT FROM 2019". - CEO. 

Company Quote

8.54
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13 Nov 2018