KIT Kitron ASA

Kitron ASA - Notification of Primary insider transaction

Kitron ASA - Notification of Primary insider transaction

(2024-05-21) The primary insider Gyrid Skalleberg Ingerø, board member of Kitron ASA, has today acquired 10,765 shares at a price of NOK 31.74. Primary insider notification pursuant to the market abuse regulation article 19 is attached.

For further information, please contact:

Cathrin Nylander, CFO, tel.:  284

E-mail:

This information is made public by the Company pursuant to the EU Market Abuse Regulation article 5, as supplemented by Commission Delegated Regulation (EU) 2016/1052, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

 

Attachment



EN
21/05/2024

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KITKitron ASA

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Reports on Kitron ASA

ABGSC Capital Goods Research ... (+3)
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Emilie Krutnes Engen
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KIT KITRON ASA

Kitron (Buy, TP: NOK37.00) - Margin recovery in sight

While revenues were broadly in line, EBIT significantly beat our estimate and consensus, as the company demonstrated its ability to adjust operations for lower demand. We expect the company to continue improving profitability and believe there is still upside potential as inventory levels continue to stabilise, which could prompt us to raise 2025e EPS. Thus, we reiterate our BUY and NOK37 target price.

10/28/24 October 28, 2024 1 EN
 PRESS RELEASE
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KIT KITRON ASA

Kitron: Q3 2024 - Adapting to global market shifts

Kitron: Q3 2024 - Adapting to global market shifts (2024-10-24) Kitron today reported quarterly figures that are impacted by challenging markets but also demonstrate actions taken to adapt to market shifts by leveraging the group’s global capabilities. Kitron's revenue for the third quarter was EUR 145.1 million, compared to 179.2 million last year. There was growth within the Defence/Aerospace and Medical devices market sectors, while other market sectors declined. Operating profit (EBIT) was EUR 10.7 million, compared to 16.2 million last year. EBITDA was EUR 15.3 million, compared to...

October 24, 2024 1 EN
Emilie Krutnes Engen
  • Emilie Krutnes Engen
Free Trial
KIT KITRON ASA

Kitron (Buy, TP: NOK37.00) - Set for improved margins near-term

While we have cut our 2024–2026e EBIT by 12–11% following the recent profit warning, we are still 2–6% above consensus, reflecting our expectation of near-term margin improvements as the company restores profitability at its CEE sites on additional cost-cutting measures and the process of moving customers to free up capacity for defence being finalised. Thus, we reiterate our BUY, but have cut our target price to NOK37 (42).

10/16/24 October 16, 2024 1 EN
 PRESS RELEASE
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Kitron revises outlook for second half 2024

Kitron revises outlook for second half 2024 (2024-09-22) Reference is made to the outlook given in Kitron’s second-quarter report. The outlook for Central and Eastern Europe (CEE) sites has not picked up as expected. Several major customers within the market sectors Electrification and Industry have continued to reduce and postpone demand for the third and fourth quarters of 2024 as destocking continues and end markets have not developed as expected.  To facilitate further growth for the Nordic sites, where demand is strong, and stabilize the load for the CEE sites, several product tr...

September 22, 2024 1 EN

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