Edition:
United Kingdom

Kitron ASA (KP5.OL)

KP5.OL on Oslo Stock Exchange

8.90NOK
14 Dec 2018
Change (% chg)

kr0.15 (+1.71%)
Prev Close
kr8.75
Open
kr8.79
Day's High
kr8.95
Day's Low
kr8.66
Volume
399,782
Avg. Vol
285,907
52-wk High
kr10.84
52-wk Low
kr6.39

Latest Key Developments (Source: Significant Developments)

Kitron To Acquire The EMS Division Of API Technologies Corp
Friday, 30 Nov 2018 

Nov 30 (Reuters) - Kitron ASA ::REG-KITRON TO ACQUIRE THE EMS DIVISION OF API TECHNOLOGIES CORP..REG-KITRON TO ACQUIRE THE EMS DIVISION OF API TECHNOLOGIES CORP..CLOSING IS EXPECTED TO TAKE PLACE IN Q1 OF 2019.CLOSING IS EXPECTED TO TAKE PLACE IN Q1 OF 2019,.PURCHASE PRICE IS USD 15.9 MILLION IN CASH,.KITRON EXPECTS TRANSACTION TO BE EARNINGS NEUTRAL IN 2019 AND EARNINGS ENHANCING IN 2020 AND BEYOND.  Full Article

Kitron Selected As Main Supplier Of Electronics For CROWS
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Kitron Asa ::REG-KITRON SELECTED AS MAIN SUPPLIER OF ELECTRONICS FOR CROWS.LONG-TERM MANUFACTURING AGREEMENT EXPECTED TO GENERATE REVENUES OF NOK 300 MILLION WITH KONGSBERG DEFENCE & AEROSPACE AS.FOR KITRON'S FACTORIES IN US AND NORWAY CROWS PROGRAM IS EXPECTED TO GENERATE ANNUAL REVENUES OF NOK 60 MILLION OVER NEXT FIVE YEARS..  Full Article

Kitron To Invest In Poland
Monday, 23 Jul 2018 

July 23 (Reuters) - KITRON ASA ::REG-KITRON TO INVEST IN POLAND.SIGNED A LETTER OF INTENT FOR A PRODUCTION FACILITY IN NORTHERN POLAND..FACILITY IS PLANNED TO START IN Q4, AND PRODUCTION IS SCHEDULED TO START BY Q3 NEXT YEAR.TOTAL EXPENDITURE OVER 5 YRS IS FORECAST TO BE APPROXIMATELY EUR 15 MILLION.  Full Article

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.  Full Article

Kitron Q1 EBIT Rises To NOK 39 Million
Friday, 20 Apr 2018 

April 20 (Reuters) - KITRON ASA ::Q1 REVENUE NOK 651 MILLION VERSUS NOK 585 MILLION YEAR AGO.Q1 EBIT NOK 39 MILLION VERSUS NOK 31 MILLION YEAR AGO.  Full Article

Kitron Agreement Related To Manufacturing Of Medical Equipment
Wednesday, 27 Dec 2017 

Dec 27 (Reuters) - Kitron Asa ::REG-KITRON: AGREEMENT RELATED TO MANUFACTURING OF MEDICAL EQUIPMENT.‍EXPECTED TURNOVER LINKED TO CONTRACT IN 2 YRS FROM 2018 IS BETWEEN NOK 100 MILLION AND NOK 150 MILLION.​.  Full Article

Creades Sells All Shares In Kitron
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - CREADES AB (PUBL) ::SELLS 17.8 MILLION SHARES IN KITRON AS TO TOTAL VALUE OF NOK 114.7 MILLION.HAS NO MORE SHARES IN KITRON AS AFTER TRANSACTION.  Full Article

Kitron wins 4-year Husqvarna order
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Kitron Asa :Kitron receives new order from husqvarna group.‍will manufacture and deliver controller units to husqvarna group's factory in sweden for next 4 years​.‍controller units are important parts of husqvarna group's battery-powered equipment such as chainsaws, blowers and trimmers​.‍production will take place at kitron's plant in kaunas, lithuania​.  Full Article

Kitron Q3 EBIT falls to NOK ‍29.2​ mln
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - KITRON ASA ::Q3 REVENUE NOK ‍535​ MILLION VERSUS NOK 463 MILLION YEAR AGO.Q3 EBIT NOK ‍29.2​ MILLION VERSUS NOK 30.1 MILLION YEAR AGO.‍KITRON EXPECTS 2017 REVENUE TO GROW TO BETWEEN NOK 2 150 AND 2 350 MILLION​.‍REVENUE IS NOW EXPECTED TO BE IN HIGHER END OR SLIGHTLY ABOVE INDICATED RANGE​.‍GROWTH IS PRIMARILY DRIVEN BY CUSTOMERS IN INDUSTRY SECTOR​.2017 ‍EBIT MARGIN IS EXPECTED TO BE BETWEEN 5.6 AND 6.4 PER CENT​.  Full Article

Kitron signs contract with Kongsberg Maritime
Friday, 20 Oct 2017 

Oct 20 (Reuters) - KITRON ASA ::REG-KITRON SIGNS CONTRACT WITH KONGSBERG MARITIME.‍SIGNS A FRAME AGREEMENT WITH KONGSBERG MARITIME WITH A POTENTIAL VALUE OF NOK 200 MILLION FOR NEXT FIVE YEARS​.‍PRODUCTION WILL TAKE PLACE AT MULTIPLE KITRON FACILITIES​.  Full Article

NORWEGIAN STOCKS-Salmar and Hoegh LNG drop after Q2 results

OSLO, Aug 23 (Reuters) - * Norwegian shares traded up on Thursday * Oslo's benchmark index rose 0.04 pct, or 0.34 points, to 907.33 points and was up by 11.36 pct year-to-date * The broader Oslo All Share Index was unchanged for the day * Brent crude futures, a trigger for the oil heavy Oslo Bourse, fell $-0.22 to $74.56 a barrel * Among the biggest firms on the Oslo Bourse, Equinor rose 0.05 pct, Telenor fell 0.94 pct and DNB rose 0.60 pct * Turnover at the Oslo Bourse was 2.3 billion Norwegian