Knocking Down the Bone Pile: Best Practices for Electronic Component Salvaging
Global Citizenship: Together for a Perfect PCB Solution
Smart Automation: Odd-form Assembly—Dedicated Insertion Equipment Matters
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:
Testimonial
"We’re proud to call I-Connect007 a trusted partner. Their innovative approach and industry insight made our podcast collaboration a success by connecting us with the right audience and delivering real results."
Julia McCaffrey - NCAB GroupSuggested Items
U.S. Manufacturing Jobs Decline Amid Tariffs and Immigration Crackdown
09/17/2025 | I-Connect007 Editorial TeamManufacturers in the U.S. are cutting jobs even as President Donald Trump pushes policies he says will revitalize the industry. Employers shed 12,000 manufacturing jobs in August, while payrolls in the sector have fallen by 42,000 since April, according to a new analysis from the Center for American Progress (CAP) based on government labor data.
Defense Speak Interpreted: If CHIPS Cuts Back, What Happens to Electronics Packaging Funds?
09/02/2025 | Dennis Fritz -- Column: Defense Speak InterpretedIn my May column, I examined the topic of the CHIPS Act and its current status as a U.S. government program. I found that CHIPS activities continue, but some corporations have delayed or canceled them because of budget cuts or corporation-specific problems. However, CHIPS integrated circuits—mostly administered by the Department of Commerce—don’t fully drive the electronics interconnection activity being funded by the government. Let’s cover the progress/status of other programs:
Ecolab to Acquire Ovivo’s Electronics Ultra-Pure Water Business
08/15/2025 | EcolabEcolab Inc. has entered into a definitive agreement to acquire Ovivo’s Electronics business, a leading and fast-growing global provider of breakthrough ultra-pure water technologies for semiconductor manufacturing.
Eltek Ltd. Reports Strong Second-Quarter 2025 Results
08/14/2025 | PR NewswireEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the quarter ended June 30, 2025.
Magnachip Semiconductor Announces YJ Kim to Step Down as CEO; Current Board Chairman Camillo Martino Appointed Interim CEO
08/14/2025 | PR NewswireMagnachip Semiconductor Corporation today announced that YJ Kim has agreed to step down as CEO and as a member of the Board of Directors, effective immediately. Camillo Martino, Chairman of the Board of Directors, has also been appointed Interim Chief Executive Officer, effective immediately.