(2026-02-12) Kitron today reported record quarterly revenue and operating profit, driven by accelerating demand in the Defence/Aerospace market sector. An all-time high order backlog also provides strong visibility for 2026. Kitron's revenue for the fourth quarter was EUR 233.8 million, an increase of 46 per cent from 160.6 million in the same quarter last year. The Defence/Aerospace market sector continued to show particularly strong growth. Fourth-quarter operating profit (EBIT) was EUR 22.5 million, comp ...

Core Insights - Kitron has received an additional order valued at approximately EUR 5 million for advanced electronics production for autonomous systems in the defense industry, bringing the total order value from this customer to approximately EUR 12 million [1][2][3] Group 1: Order Details - The new order is in addition to a previously announced order of EUR 7 million [1] - Deliveries under the new order are scheduled to commence in the second quarter of 2026, with production taking place at Kitron's European facilities [2] Group 2: Company Positioning - This order highlights Kitron's solid and growing position in the autonomous systems industry, emphasizing the importance of fast ramp-up, scalability, high quality, and reliability [3] - The order supports Kitron's long-term growth ambitions in the Defense & Aerospace sector, further strengthening its position in this domain [3] Group 3: Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in various sectors, including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has operations in multiple countries and employs around 3,000 people, with revenues reported at EUR 647 million in 2024 [4]

Core Insights - Kitron has signed a contract valued at EUR 7 million for the production and supply of advanced electronics for autonomous systems in the defense industry, with deliveries starting in Q1 2026 [1] - The order highlights Kitron's strong position in the autonomous systems sector, emphasizing the importance of rapid scalability and high quality, which aligns with the company's business model and growth ambitions in Defense & Aerospace [2] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [3] - The company has a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [3]

Core Insights - Kitron has received an order valued at EUR 44 million for advanced electronic components used in energy storage and electric grid balancing systems, driven by increasing demand from the data center segment [1][2] - The order signifies an expansion of existing business and highlights Kitron's role as a trusted supplier of high-reliability electronics, supporting the global shift towards energy-intensive digital infrastructure [2] - Deliveries are set to begin in 2026, with production occurring at Kitron's facility in the United States, strategically located near emerging data center clusters [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace [3] - The company has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 3,000 people [3] - Kitron reported revenues of EUR 647 million in 2024 [3]

Core Insights - Kitron has secured a contract valued at EUR 17 million for the production and supply of advanced electronic components for combat vehicle systems, with deliveries expected to commence in the second half of 2026 [1] - This contract enhances Kitron's portfolio in the Defence and Aerospace sector, reinforcing its position as a key supplier for land system platforms [2] Company Overview - Kitron is a prominent Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [3] - The company has a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [3]

Core Insights - Kitron has received an order valued at EUR 19 million for advanced electronic components used in guidance, control, and targeting systems, confirming its role as a trusted supplier in the defense sector [1][3] - Deliveries for this order are set to commence in the second half of 2027, with production taking place at a European facility [2] - The order extension highlights the trust defense customers have in Kitron's capabilities, supporting the company's long-term growth ambitions in the Defense & Aerospace sector [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 3,000 people [4] - Kitron reported revenues of EUR 647 million in 2024 [4]

Core Insights - Kitron has secured an order valued at EUR 55 million from a customer in the Defence/Aerospace sector, indicating strong demand in this market [1] - The CEO of Kitron, Peter Nilsson, emphasized the company's agility and capability to scale operations rapidly in response to market needs [1] - Deliveries for this order are scheduled for 2026 [1] Company Overview - Kitron is a prominent Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [2] - The company has a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [2] - Kitron has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States [2]

Core Insights - Kitron is updating its medium-term revenue target to EUR 1.5 billion, reflecting increased defense demand and expanded capacity [1][3] - The company aims for an EBIT margin above 9% and a return on operating capital exceeding 25% as part of its growth strategy [2] Short-term Outlook - For the full year 2025, Kitron expects revenue between EUR 700 million and EUR 740 million, with EBIT projected between EUR 59 million and EUR 66 million [4] - In 2026, the revenue target is set between EUR 855 million and EUR 943 million, with EBIT expected to be between EUR 77 million and EUR 93 million, including contributions from DeltaNordic [4] Strategic Context - The defense sector in Europe is entering an investment supercycle, with manufacturing and electronics identified as strategic bottlenecks [3] - Kitron's acquisition of DeltaNordic enhances its capabilities in meeting the demands of modern defense platforms [3] Operational Strength - Kitron emphasizes its strong financial position, unified operational model, and global footprint, allowing for efficient movement of resources and collaboration with customers [5]

Core Insights - Kitron reported strong quarterly sales and profits, with significant growth driven by demand in the Defence/Aerospace sector [1][2] - The company achieved a record order intake and backlog, indicating robust future growth potential [1][2] Financial Performance - Revenue for Q3 was EUR 167.8 million, up from EUR 145.1 million in the same quarter last year, reflecting a year-over-year increase of approximately 15.5% [1] - Operating profit (EBIT) for Q3 was EUR 14.6 million, compared to EUR 10.7 million in the same quarter last year, resulting in an EBIT margin of 8.7%, up from 7.4% [2] - Profit after tax reached EUR 9.1 million, an increase from EUR 6.1 million in the same quarter of the previous year, translating to earnings per share of EUR 0.05, compared to EUR 0.03 last year [2] Order Backlog and Outlook - The order backlog at the end of Q3 was EUR 598 million, representing a 31% increase compared to the previous year and an 18% increase from Q2 [2] - Kitron expects full-year revenue for 2025 to be between EUR 700 million and EUR 740 million, with operating profit (EBIT) projected between EUR 59 million and EUR 66 million, an upward revision from previous estimates [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has approximately 2,400 employees and reported revenues of EUR 647 million in 2024 [4]

Core Insights - Kitron has secured a EUR 100 million order from a customer in the Defence/Aerospace market, indicating strong demand in this sector [1] - The order will contribute to the growing defence order backlog of the company, with deliveries scheduled for 2025 and 2026 [1] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in various sectors including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [2] - The company has a workforce of approximately 2,400 employees and reported revenues of EUR 647 million in 2024 [2]