Standard of Excellence: Anticipating Customer Needs Early and Often
The Knowledge Base: At the Forefront of Electronics Manufacturing
Global Citizenship: Training the Next Generation of Talent
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
European Chips Skills Academy Launches ECS Summer School 2025 to Inspire Future Electronics Talent
04/01/2025 | JCN NewswireThe European Chips Skills Academy (ECSA), an EU-funded project coordinated by SEMI Europe, in collaboration with industry partners AENEAS, EPoSS, and INSIDE, has announced the launch of the ECS Summer School 2025.
Real Time with... IPC APEX EXPO 2025: Highlighting Global PCB Trends and Technologies with all4-PCB
04/01/2025 | Real Time with...IPC APEX EXPOAndy Shaughnessy and all4-PCB's Ralph Jacobo discuss global distribution trends in the PCB industry, focusing on new technologies in plasma etching and final inspection. Ralph highlights the importance of IC substrate buildup technology and partnerships in the market.
Do You Have X-ray Vision? SMT007 Magazine April Issue Is No Joke
04/01/2025 | I-Connect007 Editorial TeamAs component packaging continues to evolve, the capability of inspecting through components is crucial. Has X-ray’s time finally come in electronics manufacturing? Join us in this issue of SMT007 Magazine, where we answer this question—and others—to bring more efficiency to your bottom line.
IPC APEX EXPO 2025: We’ve Got It Covered
04/01/2025 | I-Connect007 Editorial TeamIPC APEX EXPO is the largest electronics manufacturing trade show in North America, bringing together professionals from all sectors of the supply chain to educate, network, and share their products and services. We’ve put all our coverage of the show in one easy-to-find location. Just click on “Videos,” “Show Coverage” and “Photos” to find what you’re looking for. Check back regularly as more content is added. You won’t want to miss any of our unique coverage.
Real Time with... IPC APEX EXPO 2025: Akrometrix—Creative Approaches to Measuring Thermal Warpage
03/31/2025 | Real Time with...IPC APEX EXPONeil Hubble discusses his research on measuring thermal warpage which focuses on challenges in testing small, thin samples. He introduces non-destructive testing methods that effectively measure without damaging components. Neil highlights the industry's growing interest in AI and outlines future technology goals, including improved resolution and automation to enhance production efficiency.