Brief: Kitron Increases Margin Ambition

Kitron ASA

13/12/2023 06:35

Dec 13 (Reuters) - Kitron ASA  KIT.OL :
    * KITRON INCREASES MARGIN AMBITION
    * KITRON AIMS TO REACH EUR 1 BILLION IN REVENUES IN 2027
WITH AN
OPERATING MARGIN (EBIT) OF 9 PERCENT
    * CO'S PREVIOUS 2027 AMBITION, OUTLINED YEAR AGO, WAS
REVENUES OF
NOK 10 BILLION AND AN EBIT MARGIN ABOVE 8 PERCENT
    * FOR 2023, KITRON REITERATES ITS OUTLOOK FROM THIRD-QUARTER
REPORT AND EXPECTS REVENUES BETWEEN EUR 750 AND 800 MILLION WITH
AN OPERATING PROFIT (EBIT) BETWEEN EUR 65 AND 75 MILLION
    * FOR 2024, KITRON EXPECTS REVENUES BETWEEN EUR 700 AND 800
MILLION
    * FOR 2024, OPERATING PROFIT (EBIT) IS EXPECTED TO BE
BETWEEN EUR
60 AND 74 MILLION

Source text for Eikon:  ID:nGNE5T3mtq 
Further company coverage:  KIT.OL 

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