Scandinavia's Kitron beats Q1 estimates, says trending to upper half of FY forecast

Kitron ASA

24/04/2026 06:08

Overview

Scandinavia electronics manufacturer reported Q1 revenue up 66% yr/yr, beating analyst expectations

Q1 EBIT rose and beat analyst estimates, with margin improving to 9.4%

Order backlog hit record EUR 805.9 mln, up 54% yr/yr on strong Defence/Aerospace demand

Outlook

Kitron maintains 2026 revenue outlook of EUR 900-1050 mln, EBIT of EUR 84-108 mln

Company says figures are trending towards upper half of 2026 guidance ranges

Kitron sees strong demand and a deep pipeline for 2026 and 2027

Result Drivers

DEFENCE/AEROSPACE DEMAND - Co said accelerating demand in Defence/Aerospace sector was primary driver of record Q1 revenue and profit

BROAD-BASED SECTOR GROWTH - All market sectors grew compared to a year ago, according to co

STRONG CUSTOMER DEMAND - CEO said demand has rarely been stronger across customer base and pipeline of new opportunities is deepest ever

Company press release: ID:nGNEbx0dNf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
EUR 272.7 mln
EUR 259.50 mln (6 Analysts)
Q1 Net Income
EUR 20 mln
Q1 EBIT
Beat
EUR 25.6 mln
EUR 25.12 mln (6 Analysts)
Q1 EBIT Margin
9.40%
Q1 Order Backlog
EUR 805.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy."

Wall Street's median 12-month price target for Kitron ASA is NOK110.00, about 14.2% above its April 23 closing price of NOK96.30

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)