KITRON ASA
Sector unknown·KIT · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Defence industry
End markets
StrategyPositive impact: strengthens
“Construction of new facility in Norway started Towards the end of 2024, construction was started on a new facility in Arendal, Norway, to handle growing demand, particularly within the Defence/Aerospace market sector.”
Annual report 2024A · The company itself
Market
“Aerospace is mainly navigation and communication equipment for civil and military avionics. Defence is primarily communication, encryption, and surveillance systems.”
Annual report 2024A · The company itself
Market
“The exception to the general trend is the market sector Defence/Aerospace, where the order backlog has grown compared to the end of 2023.”
Annual report 2024A · The company itself
Chains in: Defence budgets strengthens
Industrial manufacturing
End markets
Market
“Within the Industry sector, Kitron operates and delivers a complete range of services within industrial applications like automation, environmental, material warehousing and security. The Industry sector consists of three main product areas: control systems, electronic control units and automation.”
Annual report 2024A · The company itself
Market
“The sector accounted for 23 per cent of the group’s total revenues.”
Annual report 2024A · The company itself
Market
“We have strong, long-term relationships with large multinational customers. They are often market leaders in their industries.”
Annual report 2024A · The company itself
Artificial intelligence
Technology
Market
“Kitron’s Connectivity sector is focused on connected devices. Many of these devices are sensors, continuously feeding data into increasingly advanced software, utilizing artificial intelligence to make predictions and improve efficiency and safety. Examples are multiplying, in everything from industrial control systems to medical devices monitoring vital functions and modern cars, containing many sensors communicating with the Internet.”
Annual report 2024A · The company itself
Market
“The sector accounted for 19 per cent of the group’s total revenues.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Medical devices
Technology
Market
“Kitron’s Connectivity sector is focused on connected devices. Many of these devices are sensors, continuously feeding data into increasingly advanced software, utilizing artificial intelligence to make predictions and improve efficiency and safety. Examples are multiplying, in everything from industrial control systems to medical devices monitoring vital functions and modern cars, containing many sensors communicating with the Internet.”
Annual report 2024A · The company itself
Market
“The medical device sector consists of the product areas diagnostics, life support, surgical, hospital and home care. Kitron is especially strong in ultrasound and cardiology systems, respiratory medical devices and Lab/IVD (In-Vitro Diagnostics).”
Annual report 2024A · The company itself
Chains in: Ageing population strengthens
Automation and robotics
Technology
StrategyPositive impact: strengthens
“Innovative use of advanced manufacturing technology will increasingly determine our competitiveness.”
Annual report 2024A · The company itself
Automotive
End markets
Market
“Kitron’s Connectivity sector is focused on connected devices. Many of these devices are sensors, continuously feeding data into increasingly advanced software, utilizing artificial intelligence to make predictions and improve efficiency and safety. Examples are multiplying, in everything from industrial control systems to medical devices monitoring vital functions and modern cars, containing many sensors communicating with the Internet.”
Annual report 2024A · The company itself
Contract manufacturers as a business (EMS, CMO, CRO)
End markets
Market
“These include automated assembly of printed circuit boards as well as higher-level system integration. We also provide various related services, ranging from development and design, through industrialization, sourcing, and logistics, to manufacturing, redesigning and upgrading products to extend their lifespan.”
Annual report 2024A · The company itself
Chains in: Biotech and drug development strengthens
Electrification
Technology
Market
“The sector accounted for 28 per cent of the group’s total revenues.”
Annual report 2024A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
M&A and consolidation
Macro
StrategyPositive impact: strengthens
“We intend to pursue further M&A activities to grow and will explore M&A value creation to grow the customer base, realize synergies and expand margins.”
Annual report 2024A · The company itself
Telecoms and 5G
Technology
Market
“Another part of the connectivity market sector is communication, which supplies the backbone for sensors and IOT. Typical products here are wireless communication, optical transmission and networking products.”
Annual report 2024A · The company itself
Business cycle and GDP growth
Macro
DriverNegative impact: weakens
“Kitron’s revenue for the year was EUR 647.2 million (EUR 775.2 million), which represented a 17 per cent decrease compared with 2023.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Defence budgets
Regulation
DriverPositive impact: strengthens
“However, the underlying trend is one of growing defence spending within markets that are relevant to Kitron.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens, Reconstruction of Ukraine mixed effect
Chains out: this strengthens Defence industry
Inventories
Macro
DriverNegative impact: weakens
“Both figures ended below the indicated ranges, reflecting weaker demand and destocking within several of Kitron’s market sectors.”
Annual report 2024A · The company itself
Asia and emerging markets
Geography
Geography
“Asia and the US are large markets where we see attractive opportunities.”
Annual report 2024A · The company itself
Geography
“The company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia and the United States.”
Annual report 2024A · The company itself
Geography
“New facility in Malaysia operational In the first quarter of 2024, Kitron started production at a new production facility in Johor, Malaysia, to diversify the company’s Asian offering outside China.”
Annual report 2024A · The company itself
United States
Geography
Geography
“Asia and the US are large markets where we see attractive opportunities.”
Annual report 2024A · The company itself
Geography
“The company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia and the United States.”
Annual report 2024A · The company itself
Chains in: USD vs DKK/EUR mixed effect
Europe
Geography
Geography
“The company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia and the United States.”
Annual report 2024A · The company itself
Nordics
Geography
Geography
“Long-term, repeat business Often high-complexity products Customers often market leaders Regionalized supply chains and manufacturing We will continue to increase our market shares in our Nordic home markets by leveraging our key competences and competitive edge. Focus on gaining market share in Northern Europe is a priority.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.65 bn EUR |
| Revenue growth vs. the year before, same method | -16.5 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 0.14 EUR |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✗ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (EUR), not converted to DKK. Quotes are shown as the company's own words in the report's original language.