KIT Kitron ASA

Kitron: Publishing of Annual Report for 2019

Kitron: Publishing of Annual Report for 2019

(2020-03-30) The Board of Directors of Kitron ASA has approved the Annual Report for 2019.

As previously announced, due to the corona pandemic, the board will no longer propose the planned dividend of NOK 0.50 at the annual general meeting scheduled for 23 April.

Instead, it is proposed that the general meeting grants an authorization to the board to resolve dividends on the basis of the annual account for 2019.

Kitron has a solid financial platform. As stated in the company's financial update on 18 March, there is no major disruption to the company's business, and customer demand is so far not materially affected. Rather, the board's decision is due to limited visibility and in preparedness of expected volatility in the months to come. In this extraordinary and uncharted situation, the board considers it to be in the best interest of the company and its shareholders to await further market developments before deciding on a potential dividend.

Please refer to stock exchange notice dated 27 March 2020 for further details.

Apart from the change in proposed dividend, there are no changes from the preliminary financial figures for 2019 published on 13 February 2020.

The Annual Report is attached and is also published at

For further information, please contact:

Cathrin Nylander, CFO, tel:

E-mail:  

Kitron is a leading Scandinavian electronics manufacturing services company for the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, Poland, China and the United States. Kitron had revenues of about NOK 3.3 billion in 2019 and has about 1 700 employees.  

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 

Attachment

EN
30/03/2020

Underlying

KITKitron ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kitron ASA

 PRESS RELEASE
Free
KIT KITRON ASA

Kitron: Change in corporate management team

Kitron: Change in corporate management team (2025-09-25) Kitron announces that Chief Operating Officer Kristoffer Asklöv has tendered his resignation in order to assume the role of CEO at a Swedish manufacturing company outside Kitron’s competitive landscape. “Kristoffer has been a valued member of Kitron’s corporate management team since joining four years ago. His leadership and contributions have played a key role in our growth and operational development. We thank him for his dedication and wish him continued success in his new role,” says Peter Nilsson, CEO of Kitron. To ensure a smo...

September 25, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

Kitron: Endring i konsernledelsen

Kitron: Endring i konsernledelsen (2025-09-25) Kitron melder i dag at driftsdirektør Kristoffer Asklöv har sagt opp for å tiltre som konsernsjef i et svensk industriselskap utenfor Kitrons bransje. – Kristoffer har vært et verdifullt medlem av Kitrons konsernledelse siden han begynte for fire år siden. Hans lederskap og bidrag har vært sentrale i vår vekst og driftsmessige utvikling. Vi takker ham for engasjementet og ønsker ham fortsatt suksess i den nye rollen, sier Peter Nilsson, konsernsjef i Kitron. For å sikre en god overlevering forblir Asklöv i Kitron i fjerde kvartal og forlater ...

September 25, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

Kitron ASA - New share capital registered

Kitron ASA - New share capital registered (2025-09-18) Reference is made to the stock exchange announcement from Kitron ASA on 15 September 2025 regarding issuance of 485,698 new shares under the Company's share incentive program. The share capital increase in connection with the share incentive program has been registered in the Norwegian Register of Business Enterprises today. Registered share capital in Kitron ASA following the registration is NOK 19,940,285.90 divided on 199,402,859 shares, each with a par value of NOK 0.10. Each share gives one vote at the company's general meeting. ...

September 18, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

Kitron ASA – Ny aksjekapital registrert

Kitron ASA – Ny aksjekapital registrert (2025-09-18) Det vises til børsmelding fra Kitron ASA 15. september 2025 vedrørende utstedelse av 485 698 nye aksjer under Selskapets aksjeinsentivprogram. Kapitalforhøyelsen i forbindelse med aksjeinsentivprogrammet har i dag blitt registrert i Foretaksregisteret. Registrert aksjekapital i Kitron ASA etter registreringen er NOK 19 940 285,90 fordelt på 199 402 859 aksjer hver pålydende NOK 0.10. Hver aksje gir én stemme på Selskapets generalforsamling. Kitron er et ledende skandinavisk foretak innen produksjon av elektronikk og relaterte tje...

September 18, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

KIT – Issue of shares under share incentive program

KIT – Issue of shares under share incentive program (2025-09-15) Reference is made to Kitron ASA's ("Kitron") previous disclosures regarding its share incentive program. Kitron has received exercise notices from the participants in the share incentive program and Kitron's board of directors has consequently resolved to issue 485,698 new shares. The shares are issued to the option holders at a strike price of NOK 0.10 per share pursuant to the board authorisation resolved in Kitron's general meeting held 25 April 2025. In total, 925,000 options were exercised. However, the incentive program...

September 15, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch