Kitron was planning to hold a capital markets presentation on March 15. However, due to the ongoing conflict in Ukraine, the event is postponed.
“So far, we do not see any significant impact on our business or outlook, but we believe the focus of the investment community in the days and weeks ahead will be on the tragic events unfolding in Ukraine and the heightened geopolitical uncertainty, not our strategy and plans.. Therefore, we will come back with an update later,” said Peter Nilsson, CEO of Kitron.
Kitron’s current outlook remains unchanged: For 2022, Kitron expects sales of between NOK 5,200 and 5,800 million, including BB Electronics, which was acquired in January. Operating profit (EBIT) is expected to be between NOK 330 and 430 million.
For more information, please contact:
Peter Nilsson, CEO and President, tel. +47 948 40 850
Cathrin Nylander, Chief Financial Officer, tel. +47 900 43 284
Email: [email protected]
Kitron is a leading Scandinavian electronics manufacturing services company for the connectivity, electrification, industrial, medical device and defence/aerospace sectors. The group has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, China and the United States. Including the acquisition of BB Electronics in January 2022, Kitron has around 2,500 employees and pro forma revenues were around NOK 5 billion in 2021. www.kitron.com.