Global Citizenship: What I’ve Learned About the American PCB Business
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
Nolan's Notes: The Rise (and Risk) of Data
Kitron Outlines New Strategic Targets at Capital Markets Day
March 22, 2019 | KitronEstimated reading time: 1 minute
Kitron ASA will today host a Capital Markets Day to update on the progress towards the company's 2020 targets and outline ambitions for a new strategy period.
Kitron reaffirms the goal of organic revenue growth leading to revenue of NOK 3 billion in 2020, with additional revenue from the acquisition of the EMS division of API Technologies.
The company also reaffirms the targets of 7% EBIT margin and 25% return on operating capital in 2020.
The company has also extended the strategic horizon from 2020 and set the following financial ambitions for 2025:
- Revenue NOK 5 billion, with potential M&A adding upside
- EBIT margin 7%
- ROOC 25%
"Over the past few years, we have significantly improved Kitron's performance. We have accelerated organic growth, continually improved operations, leading to better profitability, and we have added revenue through the recently announced acquisition in the US. In the coming years, we will build on the existing strategy in order to continue to create value for our shareholders," said Cathrin Nylander, CFO and acting CEO of Kitron.
Kitron Capital Markets Day 2019:
Location: Radisson Blu Scandinavia Hotel, Holbergs gate 30 Oslo, Norway
Time: Noon CET. Light lunch will be served from 11.30 until noon.
About Kitron
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence/Aerospace, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2.6 billion in 2018 and has about 1,700 employees.
Share on:
Suggested Items
AirBorn Announces Agreement to be Acquired by Molex
11/18/2024 | PRNewswireAirBorn, a global manufacturer of high reliability electronics and components, announced it has entered into an agreement to be acquired by Molex, a leading global connectivity and electronics solutions provider.
RTX's Collins Aerospace to Provide UK Chinook Helicopters with Interoperable Avionics System
11/12/2024 | RTXCollins Aerospace, an RTX business, has received a $19 million contract from the Department of Defense to equip a fleet of new H-47 Chinooks for the UK Royal Air Force with its Common Avionics Architecture System (CAAS) avionics management suite.
Lockheed Martin Skunk Works, the Royal Netherlands Aerospace Centre (NLR) Announce Strategic Collaboration
10/21/2024 | Lockheed MartinSkunk Works®, the renowned advanced development organization within Lockheed Martin Corporation and the Royal Netherlands Aerospace Centre (NLR), a premier knowledge institute and connecting link among science, industry, and government in the Netherlands, announced a strategic collaboration to advance mutual interests for enhanced security at the Netherlands Defense Industry Days event.
Altair Drives Aerospace Innovation at Motivo
10/17/2024 | AltairAltair, a global leader in computational intelligence, is proud to announce its collaboration with Motivo, a product engineering firm focused on translating forward-thinking visions into best-in-class products for clients in the mobility, energy, agriculture technology, and aerospace sectors. Motivo utilizes Altair’s unique combination of engineering consulting and software to drive innovation for organizations in the aerospace industry.
Airbus, Toshiba to Partner on Superconductivity Research
10/16/2024 | AirbusAirbus UpNext, a wholly-owned subsidiary of Airbus, and Toshiba Energy Systems & Solutions Corporation (Toshiba), Toshiba Group’s energy arm, will cooperate and mutualise experience on superconducting technologies for future hydrogen-powered aircraft.