Trouble in Your Tank: Organic Addition Agents in Electrolytic Copper Plating
Marcy’s Musings: Can You Hear the Voices?
The Marketing Minute: Strategic Short-form Content Builds Brand Momentum
Kitron: Q4 2024 - Profitable Execution in a Shifting Market
February 13, 2025 | KitronEstimated reading time: 1 minute
Kitron reported fourth-quarter revenue at EUR 160.6 million, operating profit (EBIT) was EUR 11.8 million and profitability expressed as EBIT margin was 7.3 per cent.
Though fourth-quarter results still reflect the softer market, they also demonstrate the effect of restructuring efforts and a steadily improving order backlog.
The order backlog ended at EUR 472 million. This is the third quarter in a row with a growing order backlog, a trend that has continued into 2025.
Peter Nilsson, Kitron's CEO, comments:
“2024 was a year of decisive action and resilience. While we faced headwinds in some markets, our commitment to efficiency and strong execution led to successful restructuring efforts during the first quarter. Although de-stocking continues to affect some sub-sectors, we expect that most of this should be cleared up by mid-2025. In January 2025, the order backlog grew further to EUR 505 million. With an optimized operational base, strategic contract wins, an aggressive stance on M&A, and market recovery on the horizon, Kitron is well-positioned to deliver on growth and profitability.”
Kitron's revenue for the fourth quarter was EUR 160.6 million, in line with the guidance given at the Capital Markets Presentation in December. This compares with 199.1 million in the fourth quarter last year and 145.1 million in the third quarter this year. The best performing market sector was Defence/Aerospace.
Fourth-quarter operating profit (EBIT) was EUR 11.8 million, slightly above the midpoint of the guidance given at the Capital Markets Presentation in December. This compares with 18.0 million in the fourth quarter last year and 10.7 million in the third quarter this year.
Profit after tax amounted to EUR 4.9 million, compared to 12.3 million in the same quarter the previous year. This corresponds to earnings per share of EUR 0.02, down from 0.06 last year. For the full year 2024, earnings per share were EUR 0.14, down from 0.26 in 2023.
Dividend
The board proposes an ordinary dividend of NOK 0.35 per share (NOK 0.75).
Outlook
For 2025, Kitron reiterates the outlook given at the Capital Markets Presentation in December and expects revenues between EUR 600 and 700 million. Operating profit (EBIT) is expected to be between EUR 42 and 63 million.
Share on:
Suggested Items
Saab Receives Order for Additional Live Training Equipment from U.S. Marine Corps
04/15/2025 | SaabSaab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment.
Cicor Reports Double-Digit Growth Driven by Integration & M&A
04/15/2025 | CicorThe Cicor Group has made a successful start to the 2025 business year. In the first quarter, sales increased by 22.2 % to CHF 131.1 million (Q1/2024: CHF 107.3 million), while order intake increased by 29.1 % year-on-year to CHF 125.8 million.
Electronic System Design Industry Posts $4.9 Billion in Revenue in Q4 2024
04/15/2025 | SEMIElectronic System Design (ESD) industry revenue increased 11% to $4,927.3 million in the fourth quarter of 2024 from the $4440.9 million reported in the fourth quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.
Intel Announces Strategic Investment by Silver Lake in Altera
04/14/2025 | IntelIntel Corporation announced that it has entered into a definitive agreement to sell 51% of its Altera business to Silver Lake, a global leader in technology investing.
FTG Announces Q1 2025 Financial Results
04/10/2025 | Firan Technology Group CorporationIn Q1 2025, the Corporation grew through acquisition and organically. FTG is strategically investing its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. The company's achievements in Q1 2025 demonstrate this commitment, laying a strong foundation for future growth.