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]