Kitron: Positive development in Employee Satisfaction

PRESS RELEASE Billingstad, 2012-04-13 Kitron: Positive development in Employee Satisfaction "Employees are the company's most important asset", this is a statement in many industries, sometimes without much seriousness behind. To the Kitron group, being a global player in a business environment where competence and dedication among employees is a key success factor, it is a true statement. There is a clear connection between employee satisfaction and performance, related to both customer satisfaction and the achievement of sound financial results. Kitron group focuses on ensuring that the organization, its employees and competence develops in line with the growth of the business. The global foot print Kitron has today requires a conscious approach on these issues. As part of the Kitron group measures towards operational excellence, customer and employee satisfaction are two important areas. This is measured with various intervals with the aim to maintain a focus on continuous improvements. The group has since 2008 performed an annual Employee Survey where efforts of improvement related to competence, management and organization, information flow and other important areas are measured. The survey shows a very positive development over the years, and the overall response rates have gone from 70% in 2008 up to 82% in 2012. The credibility in such a survey increases in line with higher response rates. "Overall satisfaction rates in the survey show a clear improvement, and have over these years gone from an average of 66% up to 75%. The figure itself is of course not proof of success, but seen in the light of worldwide financial turmoil and the internal operational changes we are satisfied with the improvements", says HR Director, Bengt Enbom (see attached picture) The Kitron group's measuring of employee satisfaction is based on the belief that satisfied, motivated and recognized employees are more efficient leading to high performance both individually and as a company. Kitron will continue the efforts to improve the operations meeting the demands of the market today and in the future. For further information, please contact: Bengt Enbom, HR Director of Kitron ASA, phone: (+46) 7031 61 600, or e-mail: bengt.enbom@kitron.com Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.7 billion in 2011 and has about 1,200 employees. www.kitron.com Bengt Enbom, HR Director Kitron ASA: http://hugin.info/197/R/1602332/506271.jpg This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kitron ASA via Thomson Reuters ONE [HUG#1602332]