Stock KIT KITRON ASA
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Company Kitron ASA

Equities

KIT

NO0003079709

Electronic Equipment & Parts

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-04-26 am EDT 		5-day change 1st Jan Change
28.3 NOK -4.65% Intraday chart for Kitron ASA -8.18% -15.52%
Apr. 25 Transcript : Kitron ASA - Shareholder/Analyst Call
Apr. 25 Transcript : Kitron ASA, Q1 2024 Earnings Call, Apr 25, 2024

Business Summary

Kitron ASA is a Norway-based international company engaged in the provision of Electronics Manufacturing Services (EMS). The Company is responsible for the manufacture of both electronics that are embedded in the customers’ own products, as well as box-built electronic products. Kitron ASA also provides high-level assembly (HLA) of complex electromechanical products for its customers. The Company provides its products to such sectors as Medical Devices, Industry and Defense/Aerospace. Kitron ASA has one segment: Electronics Manufacturing Services (EMS). The Company has operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, China and the United States. It operates through several subsidiaries, such as Kitron Holding USA Inc, Kitron Hong Kong Ltd and Kitron sp zoo.

Number of employees: 3,002

Sales per Business

NOK in Million2022Weight2023Weight Delta
Electrification
31.6 %
798 12.3 % 2,801 31.6 % +250.86%
Industry
27.2 %
1,335 20.6 % 2,412 27.2 % +80.64%
Connectivity
18.1 %
1,694 26.1 % 1,604 18.1 % -5.28%
Defence/Aerospace
14.4 %
755 11.6 % 1,278 14.4 % +69.33%
Medical Devices
8.6 %
1,904 29.4 % 762 8.6 % -59.98%

Sales per region

NOK in Million2022Weight2023Weight Delta
Rest of Europe
39.2 %
2,834 43.7 % 3,471 39.2 % +22.45%
Sweden
35.9 %
1,982 30.6 % 3,182 35.9 % +60.51%
Norway
13.0 %
778 12.0 % 1,151 13.0 % +47.98%
United States
9.5 %
698 10.8 % 845 9.5 % +21.00%
Other
2.4 %
195 3.0 % 211 2.4 % +8.54%

Managers

Managers TitleAgeSince
Lars Peter Nilsson CEO
 Chief Executive Officer 60 14-11-09
Mona Cathrin Nylander DFI
 Director of Finance/CFO 57 13-08-08
Stian Haugen CTO
 Chief Tech/Sci/R&D Officer 48 12-12-31
Kristoffer Asklöv COO
 Chief Operating Officer 47 21-09-07

Members of the board

Members of the board TitleAgeSince
Maalfrid Brath BRD
 Director/Board Member 59 -
Tuomo Juhani Lähdesmäki CHM
 Chairman 67 14-02-20
Espen Gundersen BRD
 Director/Board Member 60 17-04-30
Gro Merete Brækken BRD
 Director/Board Member 72 14-12-31
Michael Lundgaard Thomsen BRD
 Director/Board Member 60 -
Ann Petra Carolina Grandinson BRD
 Director/Board Member 56 19-12-31
Jarle Larsen BRD
 Director/Board Member 51 06-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 198,217,134 170,078,607 ( 85.80 %) 0 85.80 %

Shareholders

NameEquities%Valuation
Folketrygdfondet
8.001 %
15,858,694 8.001 % 50 M kr
ODIN Forvaltning AS
7.180 %
14,232,457 7.180 % 45 M kr
Egil Christen Dahl
5.398 %
10,700,000 5.398 % 34 M kr
MP Pensjon PK
4.869 %
9,651,628 4.869 % 30 M kr
AAT Invest AS
3.592 %
7,119,475 3.592 % 22 M kr
Fondsfinans Kapitalforvaltning AS
3.044 %
6,034,423 3.044 % 19 M kr
KJK Capital Oy
3.034 %
6,013,908 3.034 % 19 M kr
Nordea Investment Management AB
2.987 %
5,919,770 2.987 % 19 M kr
Varner Family
2.387 %
4,730,522 2.387 % 15 M kr
Holberg Fondsforvaltning AS
2.144 %
4,250,000 2.144 % 13 M kr

Company contact information

Kitron ASA

Olav Brunborgs vei 4 No. 1375 Billingstad

1396, Asker

+47 66 10 00 00

http://www.kitron.com
address Kitron ASA(KIT)

Group companies

NameCategory and Sector
Kitron AS
Logo Kitron AS

Kitron AS

Electronic ComponentsElectronic Technology

Kitron AS operates as electronics manufacturing services company. It specializes in complex products and manufacturing processes in the sectors defense and aerospace; energy and telecoms; industry; medical devices, and offshore and marine areas. The firm also engages in the fields of technology and industrialization. The company is headquartered in Staubo, Norway.

Electronic Components

Sector

Technology
Technology Equipment
Electronic Equipment & Parts
Electronic Equipment & Parts
Electronic Component

Sales per Business

Sales per region

Ratings for Kitron ASA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
28.3 NOK
Average target price
36.33 NOK
Spread / Average Target
+28.39%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Electronic Component

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Electronic Component
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