Kitron: Change in presentation currency to EUR
05 Avril 2023 - 3:00PM
Kitron: Change in presentation currency to EUR
(2023-04-05) Kitron is from 1 January 2023 presenting its
consolidated financial statements in EUR.
The change in presentation currency from NOK to EUR is due to
Kitron’s activities now being primarily outside of Norway and
transactions, revenue and costs increasingly being denominated in
EUR.
The change in presentation currency has been treated as a change
in accounting policy in accordance with IAS 8. Currency conversion
is according to the indirect method. More information about the
change will be found in the notes of the interim report for the
first quarter of 2023.
Comparative historical figures for the past three years are
available on Kitron.com
For further information, please contact: Cathrin Nylander, CFO,
tel. +47 900 43 284E-mail: investorrelations@kitron.com
Kitron is a leading Scandinavian electronics manufacturing
services company for the Connectivity, Electrification, Industry,
Medical devices and Defence/Aerospace sectors. The group is located
in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech
Republic, India, China and the United States. Kitron has about 2
800 employees, and revenues were about NOK 6.5 billion in 2022.
www.kitron.com
This information is subject to the disclosure requirements in
the Norwegian Securities Trading Act § 5-12.
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