Kitron ends record year with a solid quarter
February 14, 2024
EMS provider Kitron reported record fourth-quarter sales and strong profitability.
Kitron sets the bar for 2027, targets €1 billion in revenues
December 13, 2023
EMS provider Kitron has updated its financial and commercial targets and ambitions. The company aims to reach EUR 1 billion in revenues in 2027 with an operating margin (EBIT) of 9%.
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Record third-quarter sales for Kitron
October 25, 2023
EMS provider Kitron has reported third-quarter revenues of EUR 179.2 million, along with strong profitability
BRC Solar turns to Kitron for production muscles
October 18, 2023
BRC Solar GmbH has chosen EMS provider Kitron to produce the company's Power Optimizer, a new product that aims to improve the performance of solar panels.
Kitron expands with new Asian location
August 25, 2023
EMS provider Kitron has disclosed that it is expanding in the fast-growing Asia Pacific market with a new location in the South of Malaysia, Johor Bahru area.
Kitron receives contract from Northrop Grumman
August 10, 2023
Northrop Grumman has awarded Kitron a sub-contract for production of AN/ASQ-242 Integrated Communications, Navigation, and Identification (CNI) modules for the F-35 Lightning II-program.
Record performance and strengthened outlook for Kitron
April 28, 2023
Kitron reports first-quarter results showing record levels for revenue and profits. The EMS provider has lifed its outlook for 2023 due to strong demand and further easing of supply constraints.
MMI: Global top 50 EMS companies surpassed $457 billion in revenue
April 11, 2023
In 2022, Top 50 EMS sales accounted for USD 457 billion in revenue – an increase of USD 40 billion, or 9.5%, from 2021, reports Manufacturing Market Insider (MMI).
Kitron receives communications order from Kongsberg
March 07, 2023
EMS provider Kitron has received an order with a value of more than NOK 180 million (EUR 16.2 million) from Kongsberg Defence & Aerospace.
Kitron ends 2022 with record revenue, profits and backlog
February 15, 2023
EMS provider Kitron closed the fiscal year 2022 with record levels for revenue, profits and order backlog, driven by a strong market and better component availability.
Kitron expands its manufacturing capacity – adds 6 new lines
February 03, 2023
EMS provider Kitron has big plans to increase its manufacturing capacities and capabilities during the coming years. In 2023 alone the company is adding additional machinery at four different locations.
Easy Aerial turns to Kitron for production muscles
January 30, 2023
EMS provider Kitron has entered into a production agreement with Easy Aerial Inc, a US developer of autonomous UAV (unmanned aerial vehicle) solutions.
Kitron receives order from Kongsberg
January 27, 2023
Norwegian EMS provider Kitron has received orders with a value of over NOK 260 million (EUR 24.15 million) from Kongsberg Defence & Aerospace.
"I see no reason why the positive trends for Kitron should not continue"
December 13, 2022
EMS provider Kitron is expanding its horizon from 2025 to 2027. The company has now set a revenue target of more than NOK 10 billion in 2027, based on organic growth.
Kitron ups its financial outlook for 2022
December 09, 2022
Due to strong demand and further easing of supply constraints, EMS provider Kitron is updating its financial outlook.
Kitron is main electronics supplier for Kongsberg's weapon station system
November 07, 2022
Kitron has entered into a long-term production agreement with an expected value of NOK 750 million with Kongsberg Defense & Aerospace AS for electronic modules that are part of a remote weapon station system (RWS).
Ferroamp inks production agreement with Kitron
September 30, 2022
EMS provider Kitron has entered into a production agreement with Swedish greentech company Ferroamp. The value of the agreement is expected to reach NOK 90 million (EUR 8.5 million) in 2023 and NOK 350 million (EUR 33.4 million) over a three-year period.
Kitron looks back at three years of operations in Poland
September 14, 2022
Three years ago the Norwegian EMS provider started looking for new opportunities to expand its production capacity in Central and Eastern Europe. The choice ultimately landed on Grudziądz, Poland – and since then, the company has seen nothing but solid growth.
Kitron reports record numbers for Q2
July 13, 2022
Norwegian EMS provider Kitron's revenue for the second quarter was NOK 1'580 million, compared to NOK 994 million last year.
Kitron's 1Q22 – strong demand and record order backlog
April 27, 2022
The electronics manufacturer is reporting first-quarter results showing very strong demand and record order backlog, but also revenue constraints due to the component supply situation.
Kitron: acquisition & strong demand support growth in 2022
February 11, 2022
Kitron's fourth quarter results is showing strong demand, but also revenue constraints due to the component supply and covid lockdown in China. A record order backlog and the acquisition of BB Electronics support a strong outlook for 2022.
Kitron completes acquisition of BB Electronics
January 10, 2022
EMS provider Kitron has completed the acquisition of 100% of Danish electronics manufacturer BB Electronics, which was at the end of 2021.
Kitron acquires Danish EMS provider
December 21, 2021
EMS provider Kitron announces that it has entered into an agreement to acquire Danish EMS company BB Electronics A/S. The deal will expand Kitrons manufacturing base and add production facilities in Denmark, China and the Czech Republic.
Evertiq’s industry pulse report – Kitron
December 15, 2021
“It is in these times everyone realizes who brings value to the table and that no one is strong on their own,” Kitron's COO, Kristoffer Asklöv says as he looks back at the past years. Kitron has indeed done well over the year, but the battle, as Mr. Asklöv realizes, is far from over.
Kitron halts production in Ningbo following lockdown
December 13, 2021
The authorities in Ningbo, China, have imposed a lockdown in Zhenhai, one of the six districts in Ningbo, due to an outbreak of COVID-19 in the area. Although there are no known cases at Kitron's Ningbo facility, production was halted on December 7 due to the restrictions. The production halt is expected to last two weeks.
Kitron's 3Q - Strong demand and material shortages
October 25, 2021
“Demand continues to be very strong for both 2021 and 2022 with significant growth opportunities in most market sectors. However, the general material supply situation deteriorated rapidly in the third quarter and continues to be a challenge to lead times and deliveries,” says Kitron CEO Peter Nilsson in the quarter report.
Kristoffer Asklöv is Kitron's new COO
September 08, 2021
Mr. Asklöv has more than 20 years of experience from electronics production, with companies such as Partnertech and Toyota. Most recently he was Vice President, Business Development & Central European sales at the Finnish EMS company Scanfil.
Swedens importance for Kitron
July 15, 2021
Sweden as a geographic market drives Kitron. The EMS provider recorded revenues of NOK 994 million (EUR 96.4 million) during the second quarter of 2021, out of this total, NOK 472.3 million (EUR 45.5 millon) came from the Swedish market.
Kitron reports solid second quarter and record high backlog
July 13, 2021
EMS provider Kitron is reporting a solid second quarter with a record order backlog. Strong growth within other market sectors compensated for the lower demand within Medical.
Electrification and industry sectors drive growth for Kitron
April 23, 2021
Nordic EMS provider Kitron is reporting a first quarter with strong growth, backed by two major trends, in both the electrification and industry sectors.
Kitron Lithuania re-certified for IRIS
March 31, 2021
EMS provider Kitron announces that its manufacturing facility in Lithuania has been re-certified according to the ISO/TS 22163 quality standard for the railway sector.
Corvus Energy enters manufacturing agreement with Kitron
March 19, 2021
Corvus Energy has chosen Kitron as the manufacturing partner for the company’s battery management control systems.
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