BILLINGSTAD, NORWAY – Kitron reported second-quarter revenues of NOK 457 million, up 6.3% year-over-year.

Net profit was NOK 3.9 million, down 100% year-over-year.

EBIT was NOK 9.3 million, down 34.8% compared to the same quarter last year.

Orders for the quarter were NOK 603 million, up 44% compared to the second quarter of 2013. The order backlog ended at NOK 859 million, up 15% year-over-year.

"While we have to downsize in Norway, Lithuania and China show strong growth and improved profitability," said Dag Songedal, interim CEO.

Kitron Arendal received an order from Kongsberg Defence & Aerospace for military communications equipment in the amount of NOK 80.7 million, and will be fulfilled in 2014 and 2015.

Ed.: US $1 = NOK 6.1905

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