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Kitron ASA ( (GB:0F0J) ) just unveiled an announcement.
Kitron reported strong financial results for the second quarter, driven by significant growth in the Defense/Aerospace sector. The company’s operating revenues increased to 172.2 million euros, with an operating profit of 15.0 million euros. The order backlog rose by 12 percent, reflecting robust demand, particularly in the Defense/Aerospace and Industrial sectors. Kitron’s CEO, Peter Nilsson, expressed optimism about the company’s future, raising the outlook for 2025 due to the positive developments and strategic contracts secured during the quarter.
More about Kitron ASA
Kitron is a leading Scandinavian company specializing in the production of electronics and related services across various sectors, including Connectivity, Electrification, Industry, Medical Equipment, and Defense/Aerospace. The company operates in multiple countries, including Norway, Sweden, Denmark, and the USA, employing around 2,400 people.
Average Trading Volume: 806,024
Current Market Cap: NOK12.3B
For detailed information about 0F0J stock, go to TipRanks’ Stock Analysis page.