An announcement from Kitron ASA ( (GB:0F0J) ) is now available.
Kitron ASA has updated its financial outlook for 2025, driven by strong demand in the Defence/Aerospace market and a gradual recovery in other sectors. The company now expects revenues between EUR 640 and 710 million and an operating profit (EBIT) between EUR 47 and 65 million, an increase from previous estimates. This adjustment reflects the growing geopolitical demand for defense capabilities in Europe and the potential opportunities arising from global uncertainties, positioning Kitron to scale its operations effectively.
More about Kitron ASA
Kitron is a leading Scandinavian electronics manufacturing services company specializing in the Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace sectors. The company operates in several countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 2,400 people.
YTD Price Performance: 34.73%
Average Trading Volume: 40,631
Technical Sentiment Signal: Sell
Current Market Cap: NOK8.94B
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