News & Videos - KITRON ASA [CBOE]

The shares in Kitron ASA will be traded ex dividend NOK 0.75 as from today, 26.04.2024. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act...

(2024-04-25) Kitron ASA held its Annual General Meeting on 25 April 2024. 113,103,255 shares, amounting to 57.06 per cent of the share capital, were represented at the meeting. All proposals were resolved as presented in the notice issued on 4 April 2024. After the general meeting, the board of Kitron comprises the following shareholder- and employee-elected members: Shareholder-elected members: Tuomo Lähdesmäki (Chairperson, re-elected) Maalfrid Brath (re-elected) Michael Lundgaard Thomsen...

(2024-04-25) Kitron today reported strong underlying profitability in a challenging market. Cost initiatives are implemented to maintain operating margins in line with the company’s strategic target. Kitron's revenue for the first quarter was EUR 173.9 million, compared to 190.6 million last year. There was strong growth within the Defence/Aerospace market sector, while other market sectors showed declines. First-quarter operating profit (EBIT) was EUR 10.6 million, compared to 17.3 million...

(2024-04-04) The Annual General Meeting of Kitron will be held on Friday 25 April 2024 at 10:00 a.m. CEST. The General Meeting will only be held as a digital meeting. All shareholders are invited to participate online. It will not be possible to attend in person. Shareholders may also vote in advance or submit a proxy with voting instructions. Further information on the matters on the agenda and the board of directors' proposed resolutions are set out in the attached notice. For further...

(2024-03-22) Enclosed is a pdf version of the 2023 Annual Report for Kitron ASA. The Annual Report is also available on our website, www.kitron.com. The company publishes its annual financial statements also in European Single Electronic Format (ESEF), available as an attachment to this release. This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12. For further information, please contact: Cathrin Nylander, CFO, tel. +47 900 43 284 E-mail:...

* Dividend amount: NOK 0.75 per share * Declared currency: NOK * Last day including right: 25 April 2024 * Ex-date: 26 April 2024 * Record date: 29 April 2024 * Payment date: On or about 16 May 2024 * Date of approval: 25 April 2024 This information is published in accordance with the requirements of the Oslo Børs Continuing Obligations for stock exchange listed companies. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act...

(2024-02-14) Kitron today reported record fourth-quarter sales and strong profitability, with margins consistently reaching the company's long-term target. Kitron's revenue for the fourth quarter was EUR 199.1 million, compared to 174.6 million last year. Growth was particularly strong within the Electrification and Defence/Aerospace market sectors. Fourth-quarter operating profit (EBIT) was EUR 18.0 million, compared to 15.9 million last year. EBITDA was EUR 22.8 million, compared to 19.6...

(2023-12-13) Kitron today hosts a Capital Markets Presentation to update on the company's financial and commercial targets and ambitions. Kitron aims to reach EUR 1 billion in revenues in 2027 with an operating margin (EBIT) of 9 percent. The company’s previous 2027 ambition, outlined a year ago, was revenues of NOK 10 billion and an EBIT margin above 8 percent. For 2023, Kitron reiterates its outlook from the third-quarter report and expects revenues between EUR 750 and 800 million with an...

(2023-10-25) Kitron today reported record third-quarter sales and strong profitability, with margins consistently above the company’s long-term target. Kitron's revenue for the third quarter was EUR 179.2 million, compared to 165.5 million last year. Growth was particularly strong within the Electrification market sector. Third-quarter operating profit (EBIT) was EUR 16.2 million, compared to 11.5 million last year. EBITDA was EUR 20.7 million, compared to 15.8 million last year. The order...

(2023-10-18) BRC Solar GmbH has chosen Kitron to produce the Power Optimizer, an innovative new product that improves the performance of solar panels. The value of the agreement is expected to reach an annual level of approximately EUR 10 million within three years. Production will take place at Kitron’s facility in Lithuania. “We are proud that BRC Solar, a dynamic company in the growing solar industry, has trusted Kitron with the production of this exciting product, which targets a booming...

(2023-08-23) The primary insider Carsten Christensen, CEO of BB Electronics A/S, has today sold 15,144 shares at an average price of NOK 36.5179610. Primary insider notification pursuant to the market abuse regulation article 19 is attached. For further information, please contact: Cathrin Nylander, CFO, tel.: +47 900 43 284 E-mail: [email protected] (mailto:[email protected]) This information is made public by the Company pursuant to the EU Market Abuse Regulation article...

(2023-08-23) The primary insider Carsten Christensen, CEO of BB Electronics A/S, has on 22 August 2023 sold 36,417 shares at an average price of NOK 37.3638340. Primary insider notification pursuant to the market abuse regulation article 19 is attached. For further information, please contact: Cathrin Nylander, CFO, tel.: +47 900 43 284 E-mail: [email protected] (mailto:[email protected]) This information is made public by the Company pursuant to the EU Market Abuse...

(2023-08-10) Northrop Grumman Corporation (NYSE: NOC) has awarded Kitron a sub-contract for production of AN/ASQ-242 Integrated Communications, Navigation, and Identification (CNI) modules for the F-35 Lightning II-program. Deliveries will secure a backlog into 2025 and have a total value of more than USD 13 million. Production will take place at Kitron’s plant in Norway. The sub-contract relates to the Long-Term Supply Agreement announced on 21 September 2015 and 24 November 2016, and covers...

(2023-07-13) Kitron today reported record revenue and profitability for the second quarter, lifted the outlook for the full year and announced capacity expansions. Kitron’s revenue for the second quarter was EUR 206.3 million, compared to 157.3 million last year. Growth was particularly strong within the Electrification market sector. Second-quarter operating profit (EBIT) was EUR 19.2 million, compared to 9.9 million last year. EBITDA was EUR 23.5 million, compared to 14.2 million last year....

(2023-06-06) Reference is made to the stock exchange announcement from Kitron ASA on 1 June 2023 regarding issuance of 526,081 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 19,821,713.40 divided on 198,217,134 shares, each with a par value of NOK 0.10. Each share...

(2023-06-05) Kitron ASA has completed share buyback in connection with remuneration to the board members Reference is made to the stock exchange release by Kitron ASA ("Kitron" or the "Company") published on 02. June 2023 regarding initiation of a share buyback programme. The Company has completed its share buyback programme. Norne Securities AS has been engaged to carry out the buybacks on behalf of the Company pursuant to the EU Market Abuse Regulation article 5. The Company has acquired a...

Paretopodden-programleder Sebastian Baartvedt får besøk av elektronikkprodusenten Kitrons CEO Peter Nilsson og CFO Cathrin ......

(2023-06-02) Kitron ASA initiates a share buyback Kitron ASA ("Kitron" or the "Company") has decided to initiate a buyback of up to 22 000 of its own shares for a total maximum amount of NOK 1 000 000. The buyback program may be carried out in the period from this announcement and until 7 June 2023. The share buyback program will be carried out in accordance with the EC Commission Delegated Regulation (EU) No. 2016/1052 of 8 March 2016 regarding exemptions from market manipulation for share...

(2023-06-01) Reference is made to Kitron ASA's previous disclosures regarding its share incentive program. Kitron has received exercise notices from the participants in the share incentive program and Kitron's board of directors has consequently resolved to issue 526,081 new shares. The shares are issued to the option holders at a strike price of NOK 0.10 per share pursuant to the board authorisation resolved in Kitron's general meeting held 28 April 2023. In total, 1,250,000 options were...

The shares in Kitron ASA will be traded ex dividend NOK 0.50 as from today, 02.05.2023. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act....