|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 2019 was published on 30 March 2019 and described another year of progress, revenue growth and improved margins for Kitron.
|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|
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/.
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: email@example.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.
The Annual General Meeting of Kitron will be 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.
Registration for Annual General Meeting 2020:
|Nomination committee recommendation
|A mandate for the Nomination Committee
|The BOD Declaration on Executive Remuneration
|Article of association
INCREASING THE SHARE CAPITAL
The ordinary general meeting of 30 April 2019 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 30 April 2019. 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 2020 but no longer than 30 June 2020. The authorization is limited to encompass capital requirements or issuance of consideration shares in relation to the 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 was exercised in May 2019 in connection with a settlement of a share program. The share capital was increased with NOK 291 139.90, and the authorized share capital of the Company is, therefore, NOK 17 910 399 per June 2019.
The ordinary general meeting on 30 April 2019 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 30 April 2019. 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 2020 but no longer than 30 June 2020. The authority was exercised in May 2019.
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|
According to our information the following analysts cover Kitron on a regular basis:
President & CEO
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