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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.
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PC Refresh Cycle and Tablets in Emerging Markets Expected to Spur Demand in Coming Quarters
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Semtech Accelerates 5G-Advanced Infrastructure Buildouts
09/23/2024 | BUSINESS WIRESemtech Corporation, a high-performance semiconductor, IoT systems, and cloud connectivity service provider, today announced sampling of GN2255S, its next generation Tri-Edge 50 Gbps clock and data recovery (CDR) with integrated DML driver for SFP56 50G PAM4 bidirectional (BiDi) and CWDM6 optical modules.
TRI Releases Core Features 3D AOI Solution
09/23/2024 | TRITest Research, Inc. (TRI) is pleased to introduce the Core Features 3D AOI, TR7700QC SII, equipped with essential inspection functionalities tailored for the electronics manufacturing industry.
AI to Boost Wafer Foundry Market by 20%
09/19/2024 | TrendForceTrendForce posits that the wafer foundry market is expected to see a recovery in 2025, with an estimated annual growth of 20%—up from 16% in 2024.
GPV Exhibits at Electronica 2024
09/19/2024 | GPVFrom 12 to 15 November 2024, GPV participates at Electronica in Munich, Germany. Find us in Hall A1, stand no. 115.