Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
Kitron Revises Outlook for Second Half 2024
September 23, 2024 | KitronEstimated reading time: Less than a minute
Reference is made to the outlook given in Kitron’s second-quarter report. The outlook for Central and Eastern Europe (CEE) sites has not picked up as expected. Several major customers within the market sectors Electrification and Industry have continued to reduce and postpone demand for the third and fourth quarters of 2024 as destocking continues and end markets have not developed as expected.
To facilitate further growth for the Nordic sites, where demand is strong, and stabilize the load for the CEE sites, several product transfers have been planned. Some of these transfers have been pushed to the first half of 2025.
For the third quarter, revenues are expected to be between EUR 140 and 150 million with an operating profit (EBIT) between EUR 8 and 10 million.
The full-year 2024 outlook is updated with revenues of between EUR 635 and 660 million with EBIT between EUR 44 and 50 million, including EUR 4.8 million in restructuring costs in the first quarter.
The previous outlook for the full year 2024 was revenues between EUR 660 and 710 million with EBIT between EUR 53 and 60 million, including EUR 4.8 million in restructuring costs in the first quarter.
Share on:
Suggested Items
Industrial Robotics Market is Set to Surpass Valuation of $235.38 Billion by 2033
05/12/2025 | Globe NewswireThe global Industrial robotics market was valued at US$ 26.99 billion in 2024 and is expected to reach US$ 235.28 billion by 2033, growing at a CAGR of 27.2% over the course of forecast period, 2025–2033.
Keytronic Announces Results for Q3 of Fiscal Year 2025
05/12/2025 | KeytronicKey Tronic Corporation, a provider of electronic manufacturing services (EMS), announced its results for the quarter ended March 29, 2025.
GPV Posts Balanced Q1 2025; Continued Focus on Adapting to New Market Conditions
05/12/2025 | GPVDanish-based GPV, the second-largest European-headquartered EMS company, has had a satisfactory and balanced start to 2025. In the first quarter, the Group reported sales of DKK 2.2 billion and earnings (EBITDA) of DKK 143 million.
Fabrinet Announces Q3 Fiscal Year 2025 Financial Results
05/12/2025 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, announced its financial results for its third fiscal quarter ended March 28, 2025.
Cadence Unveils Millennium M2000 Supercomputer with NVIDIA Blackwell Systems
05/08/2025 | Cadence Design SystemsAt its annual flagship user event, CadenceLIVE Silicon Valley 2025, Cadence announced a major expansion of its Cadence® Millennium™ Enterprise Platform with the introduction of the new Millennium M2000 Supercomputer featuring NVIDIA Blackwell systems, which delivers AI-accelerated simulation at unprecedented speed and scale across engineering and drug design workloads.