Q1 2022 Kitron ASA Earnings Call Transcript
Welcome to a review of Kitron's First Quarter of 2021. I'm Peter Nilsson, CEO of Kitron. And with me today, as usual, the CFO, Cathrin Nylander.
I'd like to remind you that we have -- we will conclude with a Q&A session, and I encourage you to post questions during the presentation. Now let's take a look at an overview of the first quarter.
Next slide please, Slide 2. So some of the highlights of the quarter. Revenue in the quarter was at a record high, reaching over NOK 1.4 billion with a growth of over 50% compared to previous years. Order levels are very strong. Demand measured as rolling 12 forward-looking grew to NOK 6.6 billion from NOK 3.3 billion the year before. The EBIT, however, was under pressure from rapid cost increases as well as an uneven incoming flow of raw material and spot buys of semiconductors. Margins were just over 1% lower than expected.
Next slide please, Slide 3. Let's talk about market and operations. As I said, demand continues to be very high, reaching all-time high levels. The top 10
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