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Electronics Production | May 06, 2010

Kitron's revenue decreased in Q1

The order intake increased by 12.9% compared with last year and reached NOK 406.7 million.
Revenue amounted to NOK 411.1 million in first quarter of 2010, a 25.4 per cent decrease compared with the same period last year. First quarter 2009 reflects a phasing out of backlog before the impact of the recession. The profit before tax was NOK 3.0 million (NOK 25.0 million). Cash flow from operations was negative by NOK 31.7 million (NOK 35.0 million). The order intake was NOK 406.7 million and the order backlog was NOK 783,5 million, an increase of 12.9 and 7.1 per cent respectively.

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