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Kitron shows profit

EMS/ODM>Rest of Europe>Finance
12/05/2006 17:51:49 :
Norway's largest EMS-provider Kitron's operating revenue during this years first quarter amounted to NOK 433.
 
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1 million (NOK 379.9 million). The growth in sales, together with the cost reductions following the reorganisation in the Norwegian electronic manufacturing services (EMS) business, has produced profit before tax of NOK 16.1 million.
May 11, 2006 10:36 (evertiq)
Kitron's operating revenue increased by 14.0 per cent compared to the first quarter 2005 Turnover in the Norwegian EMS operation, Kitron AS, represented 59.8 per cent of the group's turnover during the first quarter. The Swedish EMS operation, Kitron AB, provided 16.8 per cent of Kitron's turnover. Kitron Lithuania represented 8.6 per cent of the group's turnover in the first quarter. In total the EMS operation provided 84.0 per cent of turnover in the first quarter whereas during the same period last year it represented 88.2 per cent of Kitron's turnover.

Kitron Microelectronics provided 16.0 per cent of the group's turnover in the first quarter against 11.8 per cent for the same period last year. The increase is partly a result of higher volumes to established customers in the Norwegian part of the business as well as new sales to customers, particularly in the Swedish operation.
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