Kitron: Agility driving growth and profits in 2025 and beyond
10 December 2024 - 5:00PM
UK Regulatory
Kitron: Agility driving growth and profits in 2025 and beyond
(2024-12-10) Kitron is hosting a Capital Markets Presentation
today to update investors on the company's financial and commercial
targets and ambitions.
There is strong growth in the Defence and Aerospace market
sector. Other market sectors are expected to recover over 2025 and
the beginning of 2026. Despite temporary softness in some segments,
Kitron maintains its medium-term financial goals.
“The geopolitical landscape is shifting, and Kitron is adapting.
We are pursuing growing market segments, and are focusing on
capacity utilization and maximizing economies of scale to ensure
competitiveness and profitability. We have a strong balance sheet
that provides a solid foundation for growth, both organically and
through targeted M&A efforts,” said Peter Nilsson, CEO of
Kitron.
The company provides the following short-term outlook:
For 2024, Kitron reiterates its outlook from the third-quarter
report and expects revenue to be between EUR 635 and 660 million
with an operating profit (EBIT) between EUR 44 and 50 million,
including EUR 4.8 million in restructuring costs in the first
quarter.
For 2025, Kitron expects revenue to be between EUR 600 and 700
million with an operating profit (EBIT) between EUR 42 and 63
million.
“In the short term, the best-performing market sector is clearly
Defence & Aerospace. Kitron's advanced skills and strong market
presence make us well-positioned for growth in this growing market
driven by the reindustrialization of European defence
capabilities,” said Mr Nilsson.
Kitron maintains its previously communicated medium-term
financial goals, including 10 percent organic revenue growth over a
business cycle, with M&A adding upside, and a 9 percent
operating margin (EBIT).
The Capital Markets Presentation will start at 09:00 CET, last
for approximately 1.5 hours including Q&A, and be webcast at
the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20241210_2/
The presentation material for the event is enclosed.
For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 94 84 08 50
Cathrin Nylander, CFO, tel: +47 900 43 284
E-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, Malaysia, China and the United States. Kitron has
about 2 800 employees, and revenues were EUR 775 million in
2023.
www.kitron.com
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act.
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