KIT Kitron ASA

Kitron: New share capital registered

Kitron: New share capital registered

(2024-06-05) Reference is made to the stock exchange announcement from Kitron ASA on 3 June 2024 regarding issuance of 700,027 new shares under the Company's share incentive program.

The share capital increase in connection with the share incentive program has been registered in the Norwegian Register of Business Enterprises today.

Registered share capital in Kitron ASA following the registration is NOK 19,891,716.10 divided on 198,917,161 shares, each with a par value of NOK 0.10. Each share gives one vote at the company's general meeting.

Kitron is a leading Scandinavian electronics manufacturing services company for the Connectivity, Electrification, Industry, Medical devices and Defence/Aerospace sectors. The group is located in Norway, Sweden, Denmark,Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China and the United States. Kitron has about 2 800 employees, and revenues were EUR 775 million in 2023.

()

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.





EN
05/06/2024

Underlying

KITKitron ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kitron ASA

ABGSC Capital Goods Research ... (+3)
  • ABGSC Capital Goods Research
  • Njål Kleiven
  • Simon Brun
5h / 51m 5h / 51m 1 EN
Emilie Krutnes Engen
  • Emilie Krutnes Engen
Free Trial
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
Free
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
Free
KIT KITRON ASA

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

ResearchPool Subscriptions

Get the most out of your insights

Get in touch