Kitron — Earnings Release 2025

Jul 11, 2025

Kitron: Q2 2025 - Strengthening momentum

Kitron: Q2 2025 - Strengthening momentum

(2025-07-11) Kitron today reported solid quarterly sales and profits,

particularly driven by the Defence & Aerospace market sector.

Kitron's revenue for the second quarter was EUR 172.2 million. This compares

with 164.6 million in the first quarter this year and 167.6 million in the

second quarter last year. The Defence/Aerospace market sector showed

particularly strong growth.

Second-quarter operating profit (EBIT) was EUR 15.0 million, compared to 12.5

million in the first quarter this year and 15.0 million in the second quarter

last year. Profitability expressed as EBIT margin was 8.7 per cent, compared to

7.6 per cent in the first quarter this year and 8.9 per cent in the second

quarter last year.

The order backlog ended at EUR 509.3 million, an increase of 12 per cent

compared to last year. Growth was particularly strong in the Defence/Aerospace

market sector, but there was also solid growth in the Industry sector.

Peter Nilsson, Kitron's CEO, comments:

" With the first half of 2025 completed, I am pleased to report a continued

strengthening of our outlook. Sales and profits remain solid, driven by

sustained momentum in key sectors, particularly Defence & Aerospace, with the

Industry sector also showing promising developments. During the second quarter,

we secured five strategically important contracts, and given our current

momentum, we are raising our outlook for 2025."

Profit after tax amounted to EUR 10.0 million, compared to 10.4 million in the

same quarter the previous year. This corresponds to earnings per share of EUR

0.05, the same as last year.

Outlook

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

675 and 725 million. Operating profit (EBIT) is expected to be between EUR 55

and 65 million. The previous outlook was for revenue between EUR 640 and 710

million, with an operating profit (EBIT) between EUR 47 and 65 million.

Enclosed in PDF are the quarterly report and the presentation. The interim

report is presented today at 8:30 a.m. CEST by CEO Peter Nilsson and CFO Cathrin

Nylander. It will be webcast at the following link:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250711_3

For further information, please contact:

For further information, please contact:

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

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

Email: 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.