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Financial profile · Q3 FY2026

A scalable electronics-manufacturing model with working-capital-sensitive cash generation

Across the multi-year record, Kitron shows sizable revenue swings but recurring operating profitability, with margins expanding as volume scales. It has generally generated free cash flow with relatively restrained capital spending, while inventory, receivables, and customer deposits make cash conversion uneven.

What is developing

Growth broadened across sectors while the latest EBIT margin remained about 9.5%; inventory staged for later deliveries temporarily compressed cash conversion. This expands Kitron’s scale and sector mix without yet changing its working-capital-sensitive financial pattern.

What matters next

Whether the inventory built for upcoming deliveries converts into shipments and operating cash in subsequent quarters.

EUR
Metric FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
98.8m 132.5m 141.2m 169.6m 24.6m 18.4m 35.3m 64.7m 39.9m 55.1m
46.1m 52.5m 52.8m 84.1m 8.6m 8.7m 16m 17.6m 18.7m 18.6m
— — — — — — 800k 700k 600k 1.1m
(1.8m) (21.1m) 26.2m (2.7m) 4.9m (3.2m) 3.8m (1.9m) 3.5m 2.7m
4.7m 14.5m 10.6m 17.5m 4m 3.5m 6.1m 10.8m 12.5m 9.8m
11.9m 8.9m 11.3m 24.7m 2.4m 1.7m 6.9m 12.4m 11.5m 10.9m
(34.7m) (3m) (264.7m) (55.7m) (16.7m) (12.1m) (40.3m) (21.4m) (18.4m) 17.2m
108.5m 160.8m (44.5m) 195.2m 20.1m 10.8m 18.1m 59m 43.7m 93.6m
(43.8m) (35.2m) (55.8m) (112.5m) (5m) (3.9m) (9.3m) (16.4m) (9.3m) (12.5m)
0 — (26k) (135.6m) 0 — (87.1m) 100k 700k 100k
(43.8m) (35.2m) (55.9m) (248.1m) (5m) (3.9m) (96.4m) (16.3m) (8.6m) (12.4m)
323k 0 — 291k 0 29m 5.8k — 0 80m
(21.7m) (26.2m) (29.5m) 110.2m (4.4m) 1m 65m (21.1m) (13.2m) (56.4m)
(36.3m) (44m) (96.9m) (70.5m) (7.6m) (10.7m) (4.9m) (8.4m) (12.8m) (6m)
— — — — — — 100k 0 (1.2m) 0
(57.7m) (70.3m) (126.4m) 40m (12m) 19.3m 60.2m (29.5m) (27.2m) 17.6m
2.9m (142k) 391k 909k 201.1k (194.3k) 1.2m (200k) 1.8m (1.5m)
9.9m 55.2m (226.3m) (11.9m) 3.3m 26m (16.9m) 13m 9.7m 97.3m
64.7m 125.7m (100.3m) 82.8m 15.1m 6.9m 8.8m 42.6m 34.4m 81.1m