Brief: Kitron Expects EBIT Between NOK 450-550 Mln in 2023

Kitron ASA

13/12/2022 06:11

Dec 13 (Reuters) - Kitron ASA  KIT.OL :
    * TARGETS NOK 10 BILLION IN REVENUES
    * EXPANDS HORIZON FROM 2025 TO 2027 AND SETS A REVENUE
AMBITION OF
MORE THAN NOK 10 BILLION IN 2027, BASED ON ORGANIC GROWTH
    * 2027 AMBITIONS ALSO INCLUDE AN OPERATING MARGIN (EBIT)
ABOVE 8
PER CENT AND A RETURN ON OPERATING CAPITAL (ROOC) ABOVE 25 PER
CENT
    * EXPECTS REVENUE BETWEEN NOK 6 700 AND 7 300 MILLION IN
2023
    * OPERATING PROFIT (EBIT) IS EXPECTED TO BE BETWEEN NOK 450
AND
550 MILLION
    * FOR 2027 REVENUE AMBITION, KITRON MAINTAINS ITS LONG-TERM
ORGANIC GROWTH TARGET OF 10 PER CENT PER YEAR

Source text for Eikon:  ID:nGNE7Gt2tB 
Further company coverage:  KIT.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))