Kitron: Agility driving growth and profits in 2025 and beyond

10 Dec 2024 07:00 CET

(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 segments, and are focusing on capacity utilization and maximizing
economies of scale to ensure competitiveness and profitability. We have a strong
balance sheet that provides a solid foundation for growth, both organically and
through targeted M&A efforts," said Peter Nilsson, CEO of Kitron.

The company provides the following short-term outlook:

For 2024, Kitron reiterates its outlook from the third-quarter report and
expects revenue to be between EUR 635 and 660 million with an operating profit
(EBIT) between EUR 44 and 50 million, including EUR 4.8 million in restructuring
costs in the first quarter.

For 2025, Kitron expects revenue to be between EUR 600 and 700 million with an
operating profit (EBIT) between EUR 42 and 63 million.

"In the short term, the best-performing market sector is clearly Defence &
Aerospace. Kitron's advanced skills and strong market presence make us well-
positioned for growth in this growing market driven by the reindustrialization
of European defence capabilities," said Mr Nilsson.

Kitron maintains its previously communicated medium-term financial goals,
including 10 percent organic revenue growth over a business cycle, with M&A
adding upside, and a 9 percent operating margin (EBIT).

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/

The presentation material for the event is enclosed.

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 94 84 08 50
Cathrin Nylander, CFO, tel: +47 900 43 284
E-mail: investorrelations@kitron.com

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.

www.kitron.com (https://www.kitron.com)

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

More information:
Access the news on Oslo Bors NewsWeb site

634205_Kitron 2024 CMP.pdf