Norwegian contract manufacturer Kitron reports revenue and EBITDA that beat expectations in the second quarter. Operating profit rose.
Revenue increased 71.9% to €295.7m (€172m). The result can be compared with Bloomberg's analyst consensus, which stood at €283m.
EBITDA totaled €35.1m (€19.6m), versus expectations of €34m, with an EBITDA margin of 11.9% (11.4%).
Operating profit came in at €28.3m (€15m). The operating margin was 9.6% (8.7%).
Net profit after tax was €21.4m (€10m).
Cash flow from operating activities totaled €47.1m (€19.3m).
Kitron CEO Peter Nilsson says the company is heading into the second half with both determination and a strong market position. Demand continues to strengthen and the outlook is now in the upper end of the company's previous forecast.
According to Kitron's previously published 2026 forecast, revenue is expected to total between €900m and €1,050m, with operating profit of between €84m and €108m.
Kitron ASA is a Norway-based international company engaged in the provision of Electronics Manufacturing Services (EMS). The Company is responsible for the manufacture of both electronics that are embedded in the customers’ own products, as well as box-built electronic products. Kitron ASA also provides high-level assembly (HLA) of complex electromechanical products for its customers. The Company provides its products to such sectors as Medical Devices, Industry and Defense/Aerospace. Kitron ASA has one segment: Electronics Manufacturing Services (EMS). The Company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, China and the United States. It operates through several subsidiaries, such as Kitron Holding USA Inc, Kitron Hong Kong Ltd and Kitron sp zoo.
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