Kitron ASA
OSE:KIT

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Kitron ASA Logo
Kitron ASA
OSE:KIT
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Price: 72 NOK 1.62%
Market Cap: 15.6B NOK

Kitron ASA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Strong Growth: Kitron delivered a robust Q3 with revenue up over 15% and EBIT up 36%.

Defense-Aerospace Surge: Defense-Aerospace revenue jumped 82% year-over-year, and the backlog for this segment doubled.

Raised 2025 Outlook: Management increased full-year guidance to EUR 700–740 million in revenue and EUR 59–66 million in EBIT.

Cash Flow Improvement: Operating cash flow soared to EUR 44 million from EUR 2 million last year, aided by tighter working capital management.

Order Backlog: Total order backlog rose 31% to EUR 598 million, providing strong visibility for upcoming quarters.

Operational Resilience: All regions and sectors delivered EBIT margins above 9% despite some local headwinds and Q3 vacation seasonality.

Capacity Expansion: Kitron is scaling production capacity in multiple locations to support continued defense growth.

M&A Discipline: Management remains selective on acquisitions, focusing on strategic fit, especially in defense, and is willing to walk away from deals that don't meet criteria.

Key Financials
Revenue
EUR 168 million
EBIT
EUR 14.6 million
Operating Cash Flow
EUR 44 million
Order Backlog
EUR 598 million
Return on Operating Capital
26%
Year-to-date Revenue
EUR 505 million
Year-to-date EBIT
EUR 42 million
Year-to-date EBIT Margin
8.3%
EPS
EUR 0.13
Net Gearing
0.27
Net Interest-Bearing Debt
0.8
Cash Conversion Cycle
78 days
Net Working Capital
down 18% year-on-year and 20% quarter-on-quarter
Employees
2,781
Earnings Call Recording
Other Earnings Calls

Management

Mr. Lars Peter Nilsson
CEO & President
No Bio Available
Ms. Cathrin Nylander
Chief Financial Officer
No Bio Available
Mr. Kristoffer Asklov
Chief Operating Officer
No Bio Available
Mr. Stian Haugen
Chief Technology Officer
No Bio Available
Mr. Mindaugas Sestokas
Vice President of Central Eastern Europe
No Bio Available
Mr. Hans Petter Thomassen
Vice President of Nordics & North America
No Bio Available
Mr. Magnus B. Lindseth
General Manager of Kitron Sweden and Board Observer
No Bio Available

Contacts

Address
AKERSHUS
Billingstad
Olav Brunborgs vei 4
Contacts
+4766100000.0
kitron.com