BILLINGSTAD, NORWAY — Kitron reported that it expects to see revenues of NOK 6.7-7.3 billion (US $686-$748 million) in 2023, based on strong current demands.

Looking to the future, the company also said that it forecasts more than NOK 10 billion ($1 billion) in revenue in 2027.

“I see no reason why the positive trends for Kitron should not continue in the years to come. Our market is growing, and our customer base contains a healthy mix of recession-resistant market sectors, such as Defence/Aerospace and Medical devices, and companies benefiting from megatrends within the Electrification and Connectivity sectors. We serve these customers through highly efficient facilities, and we have demonstrated successful capacity expansion through acquisitions and greenfield projects,” Kitron CEO Peter Nilsson said.

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