Kitron Reiterates 2024 Financial Outlook
BILLINGSTAD, NORWAY – Kitron expects revenue between €635 million and €660 million ($667 million and $694 million) for the year, with strong growth in its Defense & Aerospace market sector.
The company said it expects other market sectors to recover over 2025 and the beginning of 2026.
"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 CEO Peter Nilsson.
For 2025, the company expects revenue to be between €600 million and €700 million ($630 million and $736 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 Nilsson.
