Kitron ASA
OSE:KIT
Kitron ASA
Kitron ASA is an international electronics manufacturing services company, which manufactures both electronics embedded in the product of the customers and box-built electronic products. The company is headquartered in Billingstad, Akershus and currently employs 1,749 full-time employees. The firm supplies electronics, which are embedded in the customer products, box-built electronic devices, as well as high-level assembly (HLA) of complex electromechanical products. The company provides services to five segments: Defense/Aerospace, which comprises military avionics, military communications and weapon control systems; Energy/Telecoms, which offers components for transmission systems, high frequency microwave modules, and radio frequency systems, among others; Industry, including control systems, electronic control units (ECU) and automated systems; Medical equipment, which offers ultrasound and cardiology systems, respiratory and medical devices, as well as lab and in-vitro diagnostics (IVD); and Offshore/Marine, which provides subsea production systems, and oil and gas exploration equipment, among others. The company is a parent of a number of entities, such as Kitron GmbH.
Kitron ASA is an international electronics manufacturing services company, which manufactures both electronics embedded in the product of the customers and box-built electronic products. The company is headquartered in Billingstad, Akershus and currently employs 1,749 full-time employees. The firm supplies electronics, which are embedded in the customer products, box-built electronic devices, as well as high-level assembly (HLA) of complex electromechanical products. The company provides services to five segments: Defense/Aerospace, which comprises military avionics, military communications and weapon control systems; Energy/Telecoms, which offers components for transmission systems, high frequency microwave modules, and radio frequency systems, among others; Industry, including control systems, electronic control units (ECU) and automated systems; Medical equipment, which offers ultrasound and cardiology systems, respiratory and medical devices, as well as lab and in-vitro diagnostics (IVD); and Offshore/Marine, which provides subsea production systems, and oil and gas exploration equipment, among others. The company is a parent of a number of entities, such as Kitron GmbH.
Revenue Growth: Kitron reported Q4 revenue nearing EUR 234 million, up 46% year-over-year, and full-year revenue of EUR 738.4 million, up 14%.
Profitability: Q4 EBIT nearly doubled to EUR 22.5 million with a 9.6% margin, one of the strongest quarters in company history.
Order Backlog: The order backlog reached EUR 709 million at year-end, up 50% year-over-year, supported by strong demand in Defense & Aerospace.
Guidance Raised: Management raised 2026 outlook to EUR 900–1,050 million in revenue and EBIT of EUR 84–108 million.
Defense & Aerospace: This segment drove growth with Q4 revenue up 147% and backlog up 117%.
Cash Flow & Balance Sheet: Operating cash flow more than doubled for the year, and net cash position strengthened to EUR 31.6 million.
Dividend: Proposed dividend of NOK 70 per share, double last year’s, representing 30% of net income.
