KITRON ASA [CBOE] overview

(2025-01-11) Kitron has received an order with a value of NOK 46 million from Thales Norway. Deliveries will start in the first quarter of 2026 and continue through the second quarter of 2026. Production will take place at Kitron's plant in Arendal, Norway. “This order is strategically important for Kitron. It strengthens our cooperation with Thales and contributes to securing our position in the defence sector,” said Heine Østby, Managing Director, Kitron Norway. For further information,...

(2024-12-23) Kitron has entered into a manufacturing contract with a leading technology company focusing on innovative IoT solutions. A five-year contract has been signed, and Kitron has received orders totalling EUR 15 million for delivery in 2025. The contract covers a gateway to sensors that transfer data to the cloud. The target application is assets tracking, monitoring shipments in the logistics sector. "We are extremely happy that the customer has chosen Kitron as a long-term production...

(2024-12-20) The expansion of the factory will add approximately 6000 square meters and will be completed during the second half of 2025. After the expansion, Kitron will have approximately 14000 square meters available for production in Jönköping. "The activity level is high at the Jönköping factory, and we see growth in relevant market sectors in the coming years. In order to handle the expected growth, we need more capacity, and the expansion is the answer to this need. I and the rest of...

(2024-12-19) The order has an annual value of over USD 5 million, with a potential extension of the program for an additional two years. The order is for custom electronics for the U.S. Army and allied forces. Production will take place at Kitron’s U.S. facility in Windber, PA, and deliveries are expected to start in mid-2025. "We are very pleased to announce this continued collaboration with our long-term partner supporting this important program. This announcement confirms Kitron’s...

(2024-12-16) Primary insider Cathrin Nylander, CFO of Kitron ASA, has purchased 45 000 shares at a price of NOK 32.70 per share. Primary insider Zygimantas Dirse, General Manager of Kitron ASA, has sold 74 000 shares at a price of NOK 32.34 per share. Primary insider Lars Peter Nilsson, CEO of Kitron ASA, has today transferred 600 000 shares to his children with a market price of NOK 32.74 per share. The shares are a gift to his children and are given without payment. Primary insider...

(2024-12-10) Kitron is hosting a Capital Markets Presentation today to update investors on the company's financial and commercial targets and ambitions. There is strong growth in the Defence and Aerospace market sector. Other market sectors are expected to recover over 2025 and the beginning of 2026. Despite temporary softness in some segments, Kitron maintains its medium-term financial goals. “The geopolitical landscape is shifting, and Kitron is adapting. We are pursuing growing market...

(2024-12-03) Kitron ASA will host a Capital Markets Presentation in Oslo, Norway, on 10 December 2024 to provide an update on strategic and financial ambitions. The Capital Markets Presentation will start at 09:00 CET, last for approximately 1.5 hours including Q&A, and be webcast at the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20241210_2/ For further information, please contact: Cathrin Nylander, CFO, tel: +47 900 43 284 E-mail: [email protected] Kitron...

(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...