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Financial calendar

QUARTERLY REPORT FOR Q4 2019Add to your calendar 12 February 2020

QUARTERLY REPORT FOR Q4 2019

ANNUAL REPORT 2019Add to your calendar 29 March 2020

ANNUAL REPORT 2019

ANNUAL GENERAL MEETINGAdd to your calendar 22 April 2020

ANNUAL GENERAL MEETING

QUARTERLY REPORT FOR Q1 2020Add to your calendar 22 April 2020

QUARTERLY REPORT FOR Q1 2020

HALF YEAR REPORT 2020Add to your calendar 9 July 2020

HALF YEAR REPORT 2020

QUARTERLY REPORT FOR Q3 2020Add to your calendar 21 October 2020

QUARTERLY REPORT FOR Q3 2020

QUARTERLY REPORT FOR Q4 2020Add to your calendar 10 February 2021

QUARTERLY REPORT FOR Q4 2020

Financial figures

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
2019 3299.4 201.5 132.5 195.2 (248.1) 3367.7 1883.9 739.2 30.8

1722

2018
2619.3 156.1 110.3 (44.5) (55.9) 2750 1334.8 691.5 37.1

1606

2017 2436.7 148.7 99 160.8 (35.2) 2686.1 1306.4 663.6 42.8 1451
2016 2093.0 117.8 74.6 108.5 (43.8) 2174.3 1019.4 584.8 43.2 1337
2015 1951.8 102.7 72.2 204.1 (75.9) 2002.4 975.6 566.5 44.5 1221
2014 1751.3 30.0 24.2 (4.7) (62.9) 1834.9 868.4 494.6 42.9 1200
2013 1631.6 25.1 8.3 31.9 (26.7) 1573.8 718.2 473.7 43.5 1188
2012 1695.0 72.0 47.1 42.4 (23.4) 1671.8 776.2 466.2 45.7 1169

 

Annual reports

 

 

 

ANNUAL REPORT 2019

Kitron’s annual report for 2019 was published on 30 March 2019 and described another year of progress, revenue growth and improved margins for Kitron.

Annual Report 2019 – PDF

 

Year Report
2018 Annual Report 2018 - PDF
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

Quarterly reports

Share price information

Kitron ASA is a publicly listed company on the Oslo Stock Exchange (ticker code: KIT) in the OB Standard segment. The company is governed by Norwegian law.

Shareholder Information

Corporate Governance

Kitron’s corporate governance principles clarify the division of roles between shareholders, the board of directors and 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/.

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Raising concerns – Whistleblowing

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 Ethics Committee, or through this e-mail: whistleblowing@kitron.com. When using this e-mail your concerns will be sent to the head of the Ethics 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 Ethics committee.

Annual general meeting

ANNUAL GENERAL MEETING 23 APRIL 2020

The Annual General Meeting of Kitron was held on Thursday 23 April 2020 at 10:00 a.m. CEST at the head office of Kitron ASA, Olav Brunborgs vei 4, 1396 Billingstad, Norway.

ANNUAL GENERAL MEETINGS

YYYY-MM-DD Minutes
(ENG)
Notice
(ENG)
Protokoll
(NOR)
Innkalling
(NOR)
Nomination committee recommendation
(ENG)
A mandate for the Nomination Committee
(ENG)
The BOD Declaration on Executive Remuneration
(ENG)
Article of association
(ENG)
Annual Report
(ENG)
2020-04-23  PDF PDF PDF PDF PDF PDF - PDF PDF
2019-04-30 PDF PDF PDF PDF PDF PDF - PDF PDF
2018-04-20 PDF PDF PDF PDF PDF PDF - PDF PDF
2017-04-25 PDF PDF PDF PDF PDF PDF PDF PDF PDF
2017-01-21 PDF PDF PDF - - - - - PDF
2016-04-21 PDF PDF PDF - - - - - PDF
2015-04-21 PDF PDF PDF - - - - - PDF
2014-04-23 PDF PDF PDF - - - - - PDF
2013-04-22 PDF PDF - - - - - - PDF
2012-04-26 PDF PDF - - - - - - PDF
2011-04-28 PDF PDF - - - - - - PDF

 

MANDATES

DIVIDEND

The Annual General Meeting approved the proposed authorization to the board to resolve dividends on the basis of the annual accounts, cf. the Norwegian Public Limited Liability Companies Act section 8-2, second paragraph. The board of directors shall, when using the authorization, make its decision in accordance with the company’s approved dividend policy. The board of directors shall before each decision to approve the payment of dividends consider if the company, after the payment of dividends, will have sufficient equity and liquidity. The authorization is limited to a total amount of NOK 90 million and shall be valid until the next annual general meeting, but not beyond 30 June 2021

INCREASING THE SHARE CAPITAL

The ordinary general meeting of 23 April 2020 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 23 April 2020. The total amount by which the share capital may be increased is NOK 1 791 039.90. The authority applies until the ordinary general meeting in 2021 but no longer than 30 June 2021. 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, for remuneration to the members of the board of directors of Kitron ASA, for incentive schemes, and acquisition of property and business within Kitron ASA’s purpose.

OWN SHARES

The ordinary general meeting on 23 April 2020 authorised the board to acquire own shares for a total nominal value of up to NOK 1,791,039.90 which is equal to 10 per cent of Kitron’s registered share capital at 23 April 2020. The authorization also includes contract liens in the shares of Kitron ASA. Under this authorization the board of directors may 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 2021 but no longer than 30 June 2021.

Capital Markets Day

On 18 March 2020 Kitron presented a webcast update on the company’s operations and progress towards the strategic and financial targets and ambitions presented at last year’s Capital Markets Day.

The presentation was hosted by CEO Peter Nilsson and other members of group management. The webcast was followed by a Q&A conference call.

Date Presentation Q&A session transcript Webcast
2020-03-18 PDF PDF Watch webcast
2019-03-21 PDF - Watch webcast
2018-02-16 PDF - Watch webcast
2017-02-16 PDF PDF Watch webcast
2016-02-11 PDF PDF Watch webcast

 

Analysts

According to our information the following analysts cover Kitron on a regular basis:

Investor relations contacts

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