Kitron — Earnings Release 2025

Apr 2, 2025

Kitron lifts outlook for 2025

Kitron lifts outlook for 2025

(2025-04-02) Kitron updates its financial outlook due to strong demand within

the Defence/Aerospace market sector along with a gradual recovery in other

segments.

At this time, Kitron expects revenues for the full year 2025 to be between EUR

640 and 710 million. Operating profit (EBIT) is expected to be between EUR 47

and 65 million.

The previous outlook was for revenues between EUR 600 and 700 million, with an

operating profit (EBIT) between EUR 42 and 63 million.

Peter Nilsson, Kitron's CEO, comments:

"Defence demand is strong and growing, driven by geopolitics and

reindustrialization of European defence capabilities, and we see that we can

scale our current operations to handle the expected growth. For other market

sectors, the picture is more balanced. There are global uncertainties related to

tariffs, but changes also create opportunities for Kitron. In total, we see the

non-defence market sectors recovering in 2025."

In the coming weeks, Kitron will present at several investor conferences.

Recently, management has received numerous questions about trends, capacity and

outlook for the Defence/Aerospace market sector. In order to address these, the

attached slides will be used when presenting at various events.

For further information, please contact:

Peter Nilsson, President and CEO, tel.: +47 948 40 850

Cathrin Nylander, CFO, tel.: +47 900 43 284

E-mail: investorrelations@kitron.com (mailto:investorrelations@kitron.com)

Kitron is a leading Scandinavian electronics manufacturing services company for

the Connectivity, Electrification, Industry, Medical devices and

Defence/Aerospace sectors. The group has operations located in Norway, Sweden,

Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China

and the United States. Kitron has about 2 400 employees, and revenues were EUR

647 million in 2024.

www.kitron.com (https://www.kitron.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act