Kitron Targets NOK 10 Billion in Revenues
December 14, 2022 | KitronEstimated reading time: 1 minute
Kitron hosts a Capital Markets Presentation to update on the progress towards the company’s targets and outline ambitions for a new strategy period.
Kitron expands the horizon from 2025 to 2027 and sets a revenue ambition of more than NOK 10 billion in 2027, based on organic growth. The 2027 ambitions also include an operating margin (EBIT) above 8 per cent and a return on operating capital (ROOC) above 25 per cent.
Current demand continues to be strong, and Kitron expects revenue between NOK 6 700 and 7 300 million in 2023. Operating profit (EBIT) is expected to be between NOK 450 and 550 million.
“Over the past years, we have demonstrated Kitron’s growth potential through consistent organic growth supplemented by targeted acquisitions, while also improving margins. We maintain a healthy balance sheet and have paid a dividend every year since 2014, contributing to a total shareholder of more than 1500 per cent,” said Peter Nilsson, CEO of Kitron.
For the 2027 revenue ambition, Kitron maintains its long-term organic growth target of 10 per cent per year. Acquisitions add upside to the organic growth rate. The company’s ambitions also imply further progress on margins and return on capital.
“I see no reason why the positive trends for Kitron should not continue in the years to come. Our market is growing, and our customer base contains a healthy mix of recession-resistant market sectors, such as Defence/Aerospace and Medical devices, and companies benefiting from megatrends within the Electrification and Connectivity sectors. We serve these customers through highly efficient facilities, and we have demonstrated successful capacity expansion through acquisitions and greenfield projects,” Mr. Nilsson concludes.
Suggested Items
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
TT Electronics Awarded Contract with Kongsberg Defence and Aerospace
04/11/2024 | TT ElectronicsTT Electronics, a leading provider of global manufacturing solutions and engineered technologies, announced today that its Fairford UK business has been awarded a new contract with long-standing customer Kongsberg Defence and Aerospace (Kongsberg) for the production of complex cable harness solutions.
Cicor Successfully Completes Acquisition of TT Electronics IoT Solutions Ltd.
04/03/2024 | CicorThe Cicor Group has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.
Absolute EMS Successfully Recertifies ISO 9001:2015 and AS9100 Standards
03/26/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, is proud to announce the successful recertification of its ISO 9001:2015 and AS9100 Rev D SAE International Aerospace Standards.
Arlon EMC Receives IPC-4101 QPL Recertification
03/20/2024 | Arlon Electronic MaterialsArlon Electronic Materials has successfully completed an intensive two-day recertification audit by IPC Validation Services that examined Arlon’s manufacturing processes and testing procedures to assure that they are in conformance to the requirements of IPC-4101E-WAM1, the Specification for Base Materials for Rigid and Multilayer Printed Boards.