Despite challenging markets, Kitron's revenues grew and the cash flow from operations rose compared to the second quarter last year.
Initiatives that aim to reduce working capital, increase overall profitability and stimulate to top line growth continue.
|* Stable customer demand
||* Improved cash flow from operations
|* Operational streamlining continues
||* Change in management
Kitron's revenue for second quarter amounted to NOK 430.3 million, a 3.3 per cent increase compared with the same period last year. EBIT was reduced from NOK10.6 million to NOK 9.3 million for the second quarter. Operating cash flow for second quarter was NOK 29.2 million compared to minus NOK 16.1 million the same period last year.
To read the full press release, please visit the Kitron website.