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 Raises Revenue and Margin Targets
March 17, 2021 | KitronEstimated reading time: Less than a minute
Kitron focuses on growth opportunities within connectivity and electrification and increases strategic revenue and margin targets. The new strategic ambitions will be introduced at a capital markets presentation.
Kitron increases its 2025 revenue target from NOK 5 billion to NOK 6 billion. The company also raises its 2025 EBIT margin target from 7 to 8 percent.
Kitron has also changed the market sectors the company reports on to better reflect current activity as well as identified growth opportunities. Two new market sectors are added: Electrification and Connectivity
"The world is increasingly moving to renewable energy and electrification. At the same time, billions of devices are being connected, we know this as the “Internet of Things”. We experience tremendous opportunities for Kitron based on both these megatrends, and this is part of the reason we're now raising our strategic targets. On the operations side, we see that we'll be able to increase utilization of our facilities and leverage economies of scale to continue to expand our operating margins," said Peter Nilsson, CEO of Kitron.
Share on:
Suggested Items
Enjoy the Journey: PCB Design Instructor Kris Moyer on His Sustainable Lifestyle
11/19/2024 | Michelle Te, IPC CommunityWhen I contacted IPC design instructor Kris Moyer to discuss his sustainable lifestyle, he responded to my text with a call. "I'm calling you from about 8,000 feet, sitting at the foot of Mammoth Lakes," he told me. “My friends and I are about to get in the pool for the afternoon." Kris can do this because he actually lives full-time in his travel-trailer at this campground. He's now a permanent camper, taking him anywhere the winds blow—and where there's strong internet service—so he can teach his PCB design classes, offer expert interviews, and live off the land.
Real Time with... electronica 2024: Exciting News at Ventec
11/20/2024 | Real Time with... electronicaAn excited Mark Goodwin brings Pete Starkey up-to-date with Ventec's latest news. Spoiler alert: Ventec is to become the primary material supplier for a new PCB factory aiming for full production by 2025. The factory will specialize in four- to eight-layer technology for in-house products and EMS.
Yamaha Robotics Brings Inspection Innovations for Growing Markets to electronica 2024
11/19/2024 | Yamaha Robotics SMT SectionYamaha Robotics SMT section presented innovations in high-speed surface-mount inspection at electronica 2024, demonstrating the latest AI skills and special features for applications including LED lighting, e-mobility, and mechatronics.
The Shaughnessy Report: A Handy Look at Rules of Thumb
11/12/2024 | Andy Shaughnessy -- Column: The Shaughnessy ReportRules of thumb are everywhere. I took an auto mechanics class when I was 16, and I still remember the instructor telling us, “Remember, the cause of the problem is usually the simplest thing.” That holds true for much of life, actually.
MBDA Successfully Completes First Launch of the New Teseo MK2/E Anti-ship System for the Italian Navy
11/11/2024 | MBDAThe Teseo MK2/E evolved missile system was successfully test fired for the first time on 14 October as part of the multi-year development programme for the Italian Navy. Teseo MK2/E is a new generation missile that brings a substantial improvement in the anti-ship capabilities of the Teseo missile family, known abroad as OTOMAT.