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Electronics Production | March 12, 2010

Operational challenges for Kitron in Sweden

Kitron's subsidiary Kitron in Karlskoga, Sweden is facing operational challenges in the 1st quarter.
This is related to margin slippages and overcapacity. Due to these challenges Kitron expects to book about NOK 15 million in losses for Karlskoga in the first quarter, whereof NOK 8.5 million are provisions for restructuring costs. Firm measures are taken to turn around Kitron and it is expected that performance will improve during the rest of 2010.

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