Kitron raises outlook on defence super cycle as Q4 delivers record results

Core Viewpoint - Kitron reported record quarterly revenue and operating profit, driven by strong demand in the Defence/Aerospace sector and a high order backlog providing visibility for 2026 [1][4]. Financial Performance - Fourth-quarter revenue reached EUR 233.8 million, a 46% increase from EUR 160.6 million in the same quarter last year [1]. - Operating profit (EBIT) for the fourth quarter was EUR 22.5 million, up from EUR 11.8 million year-over-year, with an EBIT margin of 9.6%, compared to 7.3% in the same quarter last year [2]. - Profit after tax was EUR 17.2 million, compared to EUR 4.9 million in the same quarter of the previous year, resulting in earnings per share of EUR 0.08, up from EUR 0.02 [3]. Order Backlog - The order backlog reached an all-time high of EUR 709.3 million, a 50% increase compared to last year and a 19% increase from the third quarter of 2025 [2]. Strategic Outlook - Kitron raised its revenue outlook for 2026 to between EUR 900 million and 1,050 million, and operating profit (EBIT) is expected to be between EUR 84 million and 108 million, up from the previous forecast of EUR 855 million to 943 million [4]. Dividend Proposal - The board proposed an ordinary dividend of NOK 0.70 per share, an increase from NOK 0.35 [4]. Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company with operations in multiple countries and over 3,000 employees, reporting revenues of EUR 738 million in 2025 [5].