|Years||Revenues||Operating profit||Net profit||Net cash flow from operating activities||Net cash flow from investing activities||Order intake||Order backlog||Total equity||Equity ratio||Employees|
Kitron’s annual report for 2018 was published on 29 March 2019 and described another year of progress, revenue growth and improved margins for Kitron.
|2017||Annual Report 2017 – PDF|
|2016||Annual Report 2016 – PDF|
|2015||Annual Report 2015 – PDF|
|2014||Annual Report 2014 – PDF|
|2013||Annual Report 2013 – PDF|
|2012||Annual Report 2012 – PDF|
|2011||Annual Report 2011 – PDF|
|2010||Annual Report 2010 – PDF|
|2009||Annual Report 2009 – PDF|
|2008||Annual Report 2008 – PDF|
|2007||Annual Report 2007 – PDF|
|2006||Annual Report 2006 – PDF|
|2005||Annual Report 2005 – PDF|
Kitron’s corporate governance principles clarify the division of roles between shareholders, the board of directors and the corporate management. The principles are also intended to help safeguard the interests of shareholders, employees and other stakeholders, such as customers and suppliers, as well as society at large. The primary intention is to increase predictability and transparency, and thereby reduce uncertainties associated with the business.
It is Kitron’s intent to practice good corporate governance in accordance with laws and regulations and the recommendations of Oslo Børs under the ‘comply or explain’ concept. This review has been prepared by the board of Kitron based on Norwegian Code of Practice for Corporate Governance dated 17 October 2018 (“the Code”). The Code is available at www.nues.no/en/.
Kitron personnel are required to report immediately any suspected violation of Kitron’s Anti-Corruption Policy. Suspected violations can be reported to the employee’s manager, his/her manager’s manager, any member of the Ethical Committee, or through this e-mail: email@example.com. When using this e-mail your concerns will be sent to the head of the Ethical committee and dealt with confidentially.
Kitron will not implement sanctions in any form against any person who, in good faith and in a responsible manner, informs persons in positions of responsibility or internal entities about possible breaches of Kitron’s Anti-Corruption Policy or applicable laws. Kitron prohibits retaliation against anyone for making a good-faith report. All reports of suspected violations are taken seriously and will be followed up, as appropriate. Reports may be made anonymously.
Any manager, who receives a report of a suspected violation of anti-corruption laws and regulations, or Kitron’s Anti-Corruption Policy, must immediately notify the head of the Ethical committee.
The Annual General Meeting of Kitron ASA (“Kitron”) 2019 was held on Tuesday 30 April 2019 at 10:00 CEST.
|Nomination committee recommendation
|Mandate for the Nomination Committee
|The BOD Declaration on Executive Remuneration
|Article of association
The ordinary general meeting of 20 April 2018 authorised the board to execute one or more share capital increases by issuing a number of shares maximized to 10 per cent of Kitron’s registered share capital at 20 April 2018. The total amount by which the share capital may be increased is NOK 1 761 926.10. The authority applies until the ordinary general meeting in 2019 but no longer than 30 June 2019. The authorization is limited to encompass capital requirements or issuance of consideration shares in relation to strengthening of Kitron ASA’s equity, acquisition of other companies or businesses, joint ventures or joint business operations, incentive programs for employees and acquisition of property and business within Kitron ASA’s purpose. The authority had not been exercised at 31 December 2018. The authorized share capital of the Company is therefore NOK 17 619 261.10
The ordinary general meeting on 20 April 2018 authorised the board to acquire own shares for a total nominal value of up to NOK 1 761 926.10 which is equal to 10 per cent of Kitron’s registered share capital at 20 April 2018. Under this authorization the company shall pay minimum NOK 1 per share and maximum the prevailing market price per share on the day the offer is made, provided, however, that the maximum amount does not exceed NOK 25 per share. The authority is valid until the ordinary general meeting in 2019 but no longer than 30 June 2019. The authority had not been exercised at 31 December 2018.
Kitron ASA hosted a Capital Markets Day in Oslo, Norway, on 21st of March 2019 and provided an update on the progress towards the company’s strategic and financial targets and ambitions for 2020, presnted an extension of the strategy period beyond 2020 and provided insight into ongoing and future trends in Kitron's markets and operations.
Senior management and board members were presented, and there was a question and answer session.
The event started at noon CET and took place at Radisson Blu Scandinavia Hotel in Oslo, Norway.
|Date||Presentation||Q&A session transcript||Webcast|
According to our information the following analysts cover Kitron on a regular basis:
President & CEO - On medical leave until end of September 2019
CFO - Acting CEO until end of September 2019
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