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Kitron ASA (KP5.OL)

KP5.OL on Oslo Stock Exchange

24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Kitron signs agreement involving plant in US
Thursday, 2 Mar 2017 06:04am EST 

Kitron ASA : Has signed new agreement with HMS Industrial Networks in USA . Agreement involves newly developed logistics and distribution services to support HMS Industrial Networks in region .Estimated contract value is not stated.  Full Article

Kitron signs contract with Rheinmetall
Friday, 24 Feb 2017 07:01am EST 

Kitron ASA : Signs contract with Rheinmetall . Potential contract value is 250 million Norwegian crowns ($30 million) over a five-year period .Production will take place at Kitron's plant in Kaunas, Lithuania.  Full Article

Kitron maintains 2020 revenue target of NOK 3 bln
Thursday, 16 Feb 2017 02:15am EST 

Kitron ASA : Maintaining a goal of annual organic revenue growth of 10 percent, leading to revenue of nok 3 billion in 2020 .Maintains goal of combined with an EBIT margin of 7 pct.  Full Article

Kitron Q4 EBIT NOK up at 34.1 million
Thursday, 16 Feb 2017 02:00am EST 

Kitron ASA : Q4 revenue 570 million Norwegian crowns ($68 million) versus 525 million crowns year ago . Q4 EBIT 34.1 million crowns versus 33.6 million crowns year ago . Proposes 2016 dividend of 0.25 crown per share . For 2017, kitron expects revenue to grow to between 2.15 billion crowns and 2.35 billion crowns . EBIT margin is expected to be between 5.6 and 6.4 per cent in 2017 .Says growth is primarily driven by customers in industry sector, profitability increase is driven by cost reduction activities and improved efficiency.  Full Article

Kitron receives communications order from KONGSBERG
Wednesday, 15 Feb 2017 04:34am EST 

Kitron ASA : Receives communications order from KONGSBERG . Contract scope has an estimated value of 120 million Norwegian crowns ($14.29 million) .Deliveries will take place from 2017 to 2020.  Full Article

Kitron signs contract worth NOK 300 million
Tuesday, 27 Dec 2016 02:30am EST 

Kitron Asa : Signs contract worth 300 million Norwegian crowns ($34.5 million) . Potential contract value is 300 million crowns over a three-year period .Agreement covers manufacturing of electronics and related technical services for automation and power technologies.  Full Article

Kitron ASA: Athanase Industrial Partners II funds buy shares in Kitron
Thursday, 17 Nov 2016 07:23am EST 

Kitron ASA :Athanase Industrial Partners Fund II and Athanase Industrial Partners II AB bought respectively 7,238,805 and 1,570,895 shares in Kitron ASA.  Full Article

Creades buys 10 pct stake in Kitron
Thursday, 17 Nov 2016 07:20am EST 

Kitron ASA : Creades AB has on Nov. 17 bought 17,619,300 shares in Kitron ASA .Following completion of transaction, Creades holds 17,619,300 shares in Kitron, equal to 10 pct of co's outstanding shares.  Full Article

KJK Fund sells 5.3 mln shares in Kitron
Thursday, 17 Nov 2016 06:44am EST 

Kitron ASA : KJK Fund has on Nov. 17 sold 5,327,191 shares in Kitron . Shares were sold at price of 5.45 Norwegian crowns per share .Following sale, KJK Fund will hold 686,717 shares in Kitron, representing 0.39 pct of co's share capital.  Full Article

Ktiron ASA: Amber Trust sells 21,101,809 shares in Kitron
Thursday, 17 Nov 2016 06:43am EST 

Kitron ASA :Amber Trust sold 21,101,809 shares in Kitron at price of 5.45 Norwegian crowns per share.  Full Article

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BRIEF-Kitron signs agreement involving plant in US

* Has signed new agreement with HMS Industrial Networks in USA