Nieuws en video's - KITRON ASA [CBOE]

(2025-01-22) Kitron has received an order with a value of NOK 300 million from Kongsberg Defence & Aerospace (KONGSBERG). The order covers electronics for the Naval Strike Missile (NSM) and extends a similar contract awarded in June 2024. Deliveries under the new order are set to commence in 2026, with production taking place at Kitron’s facilities in Arendal, Norway . “We are very pleased to announce this order, which confirms Kitron’s position as a robust and reliable Kitron and...

(2025-01-20) Kitron has entered into a significant long-term contract for the production and services of advanced optical assemblies tailored for the Unmanned Aerial Vehicle (UAV) and drone market. The contract is expected to generate revenues exceeding EUR 30 million in 2025. Production will be carried out at Kitron’s facility in the Czech Republic, leveraging the company’s extensive experience in building complex assemblies. “We are proud to embark on this long-term collaboration, which...

(2025-01-11) Kitron has received an order with a value of NOK 46 million from Thales Norway. Deliveries will start in the first quarter of 2026 and continue through the second quarter of 2026. Production will take place at Kitron's plant in Arendal, Norway. “This order is strategically important for Kitron. It strengthens our cooperation with Thales and contributes to securing our position in the defence sector,” said Heine Østby, Managing Director, Kitron Norway. For further information,...

(2024-12-23) Kitron has entered into a manufacturing contract with a leading technology company focusing on innovative IoT solutions. A five-year contract has been signed, and Kitron has received orders totalling EUR 15 million for delivery in 2025. The contract covers a gateway to sensors that transfer data to the cloud. The target application is assets tracking, monitoring shipments in the logistics sector. "We are extremely happy that the customer has chosen Kitron as a long-term production...

(2024-12-20) The expansion of the factory will add approximately 6000 square meters and will be completed during the second half of 2025. After the expansion, Kitron will have approximately 14000 square meters available for production in Jönköping. "The activity level is high at the Jönköping factory, and we see growth in relevant market sectors in the coming years. In order to handle the expected growth, we need more capacity, and the expansion is the answer to this need. I and the rest of...

(2024-12-19) The order has an annual value of over USD 5 million, with a potential extension of the program for an additional two years. The order is for custom electronics for the U.S. Army and allied forces. Production will take place at Kitron’s U.S. facility in Windber, PA, and deliveries are expected to start in mid-2025. "We are very pleased to announce this continued collaboration with our long-term partner supporting this important program. This announcement confirms Kitron’s...

(2024-12-16) Primary insider Cathrin Nylander, CFO of Kitron ASA, has purchased 45 000 shares at a price of NOK 32.70 per share. Primary insider Zygimantas Dirse, General Manager of Kitron ASA, has sold 74 000 shares at a price of NOK 32.34 per share. Primary insider Lars Peter Nilsson, CEO of Kitron ASA, has today transferred 600 000 shares to his children with a market price of NOK 32.74 per share. The shares are a gift to his children and are given without payment. Primary insider...

(2024-12-10) Kitron is hosting a Capital Markets Presentation today to update investors on the company's financial and commercial targets and ambitions. There is strong growth in the Defence and Aerospace market sector. Other market sectors are expected to recover over 2025 and the beginning of 2026. Despite temporary softness in some segments, Kitron maintains its medium-term financial goals. “The geopolitical landscape is shifting, and Kitron is adapting. We are pursuing growing market...

(2024-12-03) Kitron ASA will host a Capital Markets Presentation in Oslo, Norway, on 10 December 2024 to provide an update on strategic and financial ambitions. The Capital Markets Presentation will start at 09:00 CET, last for approximately 1.5 hours including Q&A, and be webcast at the following link: https://channel.royalcast.com/landingpage/hegnarmedia/20241210_2/ For further information, please contact: Cathrin Nylander, CFO, tel: +47 900 43 284 E-mail: [email protected] Kitron...

(2024-10-24) Kitron today reported quarterly figures that are impacted by challenging markets but also demonstrate actions taken to adapt to market shifts by leveraging the group’s global capabilities. Kitron's revenue for the third quarter was EUR 145.1 million, compared to 179.2 million last year. There was growth within the Defence/Aerospace and Medical devices market sectors, while other market sectors declined. Operating profit (EBIT) was EUR 10.7 million, compared to 16.2 million last...

(2024-09-22) Reference is made to the outlook given in Kitron’s second-quarter report. The outlook for Central and Eastern Europe (CEE) sites has not picked up as expected. Several major customers within the market sectors Electrification and Industry have continued to reduce and postpone demand for the third and fourth quarters of 2024 as destocking continues and end markets have not developed as expected. To facilitate further growth for the Nordic sites, where demand is strong, and...

(2024-07-11) Kitron today reported quarterly figures that reflect the company's ability to maintain operating margins in line with the company's strategic target despite sector challenges. Kitron's revenue for the second quarter was EUR 167.6 million, compared to 206.3 million last year. There was strong growth within the Defence/Aerospace market sector, while other market sectors declined. Second-quarter operating profit (EBIT) was EUR 15.0 million, compared to 19.2 million last year. EBITDA...

(2024-06-28) Kitron has received orders with a value of over NOK 500 million from Kongsberg Defence & Aerospace (KONGSBERG). The order is for electronics for the Naval Strike Missile (NSM) supplied by KONGSBERG. "We are very pleased to announce this continuation of our long-term collaboration with KONGSBERG, which confirms Kitron’s previous communication about increased demand in the Defence and Aerospace sectors, which particularly affect our Norwegian operations,” said Hans Petter...

(2024-06-20) The new building will be approximately 7,500 square meters and will be completed during the first half of 2026. “For AFK Eiendom, this is an incredibly exciting partnership that will contribute to attractive growth in our region. We are pleased to develop the project for Kitron at a key location for manufacturing and industry,” says Tom Krusche Pedersen, Property Manager at AFK Eiendom. The building will be located at Longum, close to the E18 highway north of the city of...

(2024-06-05) Reference is made to the stock exchange announcement from Kitron ASA on 3 June 2024 regarding issuance of 700,027 new shares under the Company's share incentive program. The share capital increase in connection with the share incentive program has been registered in the Norwegian Register of Business Enterprises today. Registered share capital in Kitron ASA following the registration is NOK 19,891,716.10 divided on 198,917,161 shares, each with a par value of NOK 0.10. Each share...

(2024-06-03) Reference is made to Kitron ASA's previous disclosures regarding its share incentive program. Kitron has received exercise notices from the participants in the share incentive program and Kitron's board of directors has consequently resolved to issue 700,027 new shares. The shares are issued to the option holders at a strike price of NOK 0.10 per share pursuant to the board authorisation resolved in Kitron's general meeting held 25 April 2024. In total, 1,250,000 options were...

(2024-05-30) The primary insider Maalfrid Brath, board member of Kitron ASA, has today acquired 2,344 shares at a price of NOK 32.76. Primary insider notification pursuant to the market abuse regulation article 19 is attached. For further information, please contact: Cathrin Nylander, CFO, tel.: +47 900 43 284 E-mail: [email protected] This information is made public by the Company pursuant to the EU Market Abuse Regulation article 5, as supplemented by Commission Delegated Regulation...

(2024-05-21) The primary insider Gyrid Skalleberg Ingerø, board member of Kitron ASA, has today acquired 10,765 shares at a price of NOK 31.74. Primary insider notification pursuant to the market abuse regulation article 19 is attached. For further information, please contact: Cathrin Nylander, CFO, tel.: +47 900 43 284 E-mail: [email protected] This information is made public by the Company pursuant to the EU Market Abuse Regulation article 5, as supplemented by Commission Delegated...

2024-05-13) Kitron ASA has completed share buyback in connection with remuneration to the board members. Reference is made to the stock exchange release by Kitron ASA ("Kitron" or the "Company") published on 13. May 2024 regarding initiation of a share buyback program. The Company has completed its share buyback program. Norne Securities AS has been engaged to carry out the buybacks on behalf of the Company pursuant to the EU Market Abuse Regulation article 5. The Company has acquired a total of...

(2024-05-13) Kitron ASA initiates a share buyback in connection with remuneration to the board members. Kitron ASA ("Kitron" or the "Company") has decided to initiate a share buyback program of up to 30,000 of its own shares for a total maximum amount of NOK 900,000. The buyback program may be carried out in the period from this announcement and until 16 May 2024. The share buyback program will be carried out in accordance with the EC Commission Delegated Regulation (EU) No. 2016/1052 of 8 March...