Kitron: Record Q2 results and broad-based growth

10 Jul 2026 07:00 CEST

(2026-07-10) Kitron today reported record quarterly revenue and operating
profit, driven primarily by accelerating demand in the Defence/Aerospace market
sector but also growth in other market sectors.

Kitron's revenue for the second quarter was EUR 295.7 million, an increase of
72 per cent from 172.2 million in the same quarter last year. The
Defence/Aerospace market sector continued to lead, but all market sectors grew
compared to a year ago.

Second-quarter operating profit (EBIT) was EUR 28.3 million, compared with 15.0
million in the same quarter last year. Profitability expressed as EBIT margin
was 9.6 per cent, compared with 8.7 per cent in the same quarter last year. This
is in line with the strategic target of maintaining an EBIT margin above 9 per
cent.

The order backlog ended at EUR 794.3 million, an increase of 56 per cent
compared with last year.

Peter Nilsson, Kitron's CEO, comments:
"The second quarter of 2026 extended the strongest run in Kitron's history.
Across our markets, customers are reorganizing their supply chains around
resilience and origin rather than lowest cost. That shift is structural, and it
plays directly to Kitron's strengths. The forces carrying our markets - European
defence rearmament, grid and data-center electrification, advanced industrial
digitalization - show no sign of cooling. We enter the second half of the year
from a position of strength."

Profit after tax amounted to EUR 21.4 million, compared with 10.0 million in the
same quarter of the previous year. This corresponds to earnings per share of EUR
0.10, up from 0.05 last year.

Outlook
Kitron's previously communicated 2026 outlook calls for revenue between EUR 900
and 1050 million, with an operating profit (EBIT) between EUR 84 and 108
million. The figures are now trending towards the top end of these ranges. While
strong customer demand would support a higher outlook, constraints in the
electronics supply chain lead the company to maintain a prudent outlook.

The quarterly report and presentation are attached. The interim report is
presented today at 8.30 a.m. CEST by CEO Peter Nilsson and CFO Cathrin Nylander.
It will be webcast at the following link:

https://qcnl.tv/p/oJcmxcHUb2llzOCxcPaM4A

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 (mailto: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 has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has more than 3 000 employees, and revenues were
EUR 738 million in 2025.

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

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock
exchange announcement was published by Cathrin Nylander, CFO of Kitron ASA, at
the time and date stated above in this announcement.

More information:
Access the news on Oslo Bors NewsWeb site

677959_Kitron 2026 Q2 report.pdf
677959_Kitron 2026 Q2 Presentation.pdf