Global Sourcing Spotlight: Tariffs—The New Reality
Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Kitron Increases Margin Ambition
December 12, 2023 | KitronEstimated reading time: 1 minute
Kitron hosts a Capital Markets Presentation to update on the company's financial and commercial targets and ambitions.
Kitron aims to reach EUR 1 billion in revenues in 2027 with an operating margin (EBIT) of 9 percent. The company’s previous 2027 ambition, outlined a year ago, was revenues of NOK 10 billion and an EBIT margin above 8 percent.
For 2023, Kitron reiterates its outlook from the third-quarter report and expects revenues between EUR 750 and 800 million with an operating profit (EBIT) between EUR 65 and 75 million.
“While we maintain our 2023 outlook and increase our long-term margin ambition, tempered demand for the first half of the year in Europe and China contribute to a conservative outlook for 2024. On the other hand, we see strong growth within Electrification-fixed infrastructure and Defence /Aerospace in 2024,” says Peter Nilsson, CEO of Kitron.
For 2024, Kitron expects revenues between EUR 700 and 800 million. Operating profit (EBIT) is expected to be between EUR 60 and 74 million.
“Over the mid-to-long term, Kitron’s ambition is to achieve more than 10 percent organic growth each year from market sectors and product applications supported by strong megatrends. We will focus on capacity utilization and maximizing economies of scale to ensure competitiveness and profitability,” says Mr. Nilsson.
Share on:
Suggested Items
Flexible PCB Market to Reach $61.75B by 2032, Driven by the Demand for Compact Electronics, Automotive and Medical Applications
05/16/2025 | Globe NewswireAccording to the SNS Insider, “The Flexible PCB Market was valued at USD 21.42 billion in 2023 and is expected to reach $61.75 billion by 2032, growing at a CAGR of 12.52% over the forecast period 2024-2032.”
The ICAPE Group Announces a 13% Growth in Revenue to €51.1M for Q1 2025
05/15/2025 | ICAPE GroupThe ICAPE Group, a global technology distributor of printed circuit boards (PCB) and custom-made electromechanical parts, announced its sales for the first quarter of 2025.
Interlink Electronics Reports Q1 2025 Result
05/15/2025 | BUSINESS WIREInterlink Electronics, Inc., a global leader in sensor technology and printed electronic solutions, reported results for the first quarter ended March 31, 2025.
In Pursuit of Perfection: Defect Reduction—May 2025 PCB007 Magazine Now Available
05/15/2025 | I-Connect007 Editorial TeamFor bare PCB board fabrication, defect reduction is a critical aspect of a company's bottom line profitability. In the May 2025 issue of PCB007 Magazine, we examine the imaging, etching, and plating processes, as well as product traceability on the shop floor, providing information and insight into how you can reduce your defects and increase yields.
indie Semiconductor Reports Q1 2025 Results
05/13/2025 | BUSINESS WIREindie Semiconductor, Inc., an automotive solutions innovator, today announced first quarter results for the period ended March 31, 2025. Q1 revenue was up 3.3 percent year-over-year to $54.1 million with Non-GAAP gross margin of 49.5 percent. On a GAAP basis, first quarter 2025 operating loss was $38.9 million compared to $49.6 million a year ago.