Improved revenue and operating profit

(2010-11-10) Kitron's revenue amounted to NOK 351.9 million in the third quarter

of 2010, a 4.8 per cent increase compared with the same period last year. EBIT

were NOK 11.2 million (NOK 7.7 million), a 1.0 percentage point increase

compared with same period last year. The profit before tax and discontinued

operations was NOK 7.8 million (NOK 3.0 million) which reflects a margin of 2.2

per cent (0.9 per cent). Cash flow from operations was negative by NOK -39.8

million (NOK 11.0 million). The order intake was NOK 334.0 million and the order

backlog was NOK 848.2 million, a decrease of 11.3 and an increase of 9.0 per

cent respectively.

Enclosed in pdf are the interim report and the presentation.

Key items

Figures in brackets refer to the third quarter of 2009 unless otherwise stated.

Order development

The order intake decreased by 11.3 per cent to NOK 334.0 million (NOK 376.6

million). The order backlog at the end of the third quarter was NOK 848.2

million (NOK 778.2 million).

Revenue

Revenue increased by 4.8 per cent to NOK 351.9 million (NOK 335.7 million).

Operating profit

EBITDA and EBIT were NOK 19.3 million (NOK 16.0 million) and NOK 11.2 million

(NOK 7.7 million) respectively.

Profit before tax and discontinued operations

Profit before tax and discontinued operations amounted to NOK 7.8 million (NOK

3.0 million), which reflects a margin of 2.2 per cent (0.9 per cent).

Cash flow

Cash flow from operations in the third quarter was negative by NOK -39.8 million

(NOK 11.0 million) due to working capital changes.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1460600]

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