Norway · Delayed Price · Currency is NOK Kitron ASA Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 revenue and profit growth were driven by broad-based sector and regional expansion, with Defence & Aerospace now half of group revenue. Tight supply chains remain the main constraint, but strong order backlog and cash flow support a positive outlook toward the top end of 2026 guidance.
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Q1 2026 set new records in revenue, profit, and backlog, with all sectors growing and Defense and Aerospace tripling year-over-year. Strong operational momentum, a deep pipeline, and successful integration of DeltaNordic support an optimistic outlook, though supply chain efficiency remains a key watchpoint.
Fiscal Year 2025
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Q4 and full year 2025 delivered record revenue, profit, and cash flow, led by defense and aerospace growth and a 50% increase in order backlog. 2026 guidance was raised, supported by strong demand visibility, robust financials, and continued strategic investments.
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Ambitious growth targets are set, aiming for EUR 1.5 billion revenue and strong margins, driven by defense and aerospace, operational excellence, and strategic M&A. Capacity expansion and a unified operating model support rapid scaling, while financial discipline ensures resilience and robust cash flow.
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The acquisition of DeltaNordic strengthens the group’s defense and aerospace capabilities, expands its Swedish footprint, and brings complementary engineering expertise. The deal is earnings accretive from year one, with integration planned for 2026 and no direct cost synergies expected.
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Q3 2025 saw robust revenue and EBIT growth, led by an 82% surge in defense aerospace and a record order backlog. Cash flow and key financial ratios improved significantly, prompting a raised full-year outlook. Defense, automation, and electrification sectors drove performance.
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Q2 2025 saw strong revenue and EBIT growth, led by defense and aerospace, with a 12% increase in order backlog. Guidance for 2025 was raised, reflecting robust demand and improved financial ratios, despite ongoing global uncertainties.
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Q1 2025 saw robust order growth and strong performance in defense and aerospace, with revenue at EUR 164.6 million and EBIT margin improving to 7.6%. Guidance for 2025 remains positive, supported by a healthy backlog, disciplined execution, and ongoing M&A activity.
Fiscal Year 2024
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Q4 revenue was EUR 160.1 million, down 19% year-over-year, with Defense & Aerospace showing strong growth and a record order backlog of EUR 505 million in January 2025. 2025 revenue is forecasted at EUR 600–700 million, with new capacity investments planned.
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Strong growth is expected in defense and aerospace, with double-digit rebounds in connectivity and electrification by 2026. Financial guidance for 2025 targets EUR 600–700 million in revenue and 7%-9% EBIT margin, supported by capacity expansions and a robust balance sheet.
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Nordic and U.S. markets showed strong growth, offsetting European weakness, while Q3 revenue fell 8.2% year-over-year and EBIT margin declined. Full-year guidance remains unchanged, with robust performance in defense, aerospace, and energy infrastructure sectors.
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Q2 2024 saw a 19% revenue decline year-over-year but maintained strong margins near 9%, with robust growth in Nordic and U.S. operations and a major NOK 500 million defense order. Restructuring in CEE and Asia improved margins, and full-year guidance remains unchanged.