Kitron Reports Strong Q3 Growth Across Market Sectors

Kitron, a leading Scandinavian electronics manufacturing services company, reported strong growth in the third quarter of 2026, highlighting robust demand across various market sectors. The company's revenue for the quarter reached EUR 266.8 million, marking a significant 59 per cent increase from the EUR 167.8 million recorded in the same period last year. Operating profit (EBIT) for the quarter was EUR 25.2 million, a substantial 73 per cent rise from the EUR 14.6 million reported in the previous year. The EBIT margin stood at 9.5 per cent, aligning with the company's strategic target of maintaining an EBIT margin above 9 per cent.

Kitron's order backlog, a key indicator of future revenue, ended at EUR 843.3 million, an increase of 41 per cent from the previous year. This growth reflects broad-based demand across the company's market sectors, with particular emphasis on the Electrification sector, where the change is most evident.

Profit after tax for the quarter amounted to EUR 17.4 million, up from EUR 9.1 million in the same quarter of the previous year. This translated to earnings per share of EUR 0.08, an increase from the EUR 0.05 reported last year. For 2026, Kitron expects revenue to range between EUR 1050 and 1150 million, with operating profit (EBIT) projected to be between EUR 97 and 112 million. This outlook remains unchanged from the company's lifted outlook published on 24 August.

The quarterly report and presentation are being presented today at 8.30 a.m. CEST by CEO Peter Nilsson and CFO Cathrin Nylander. The report is available for webcast at qcnl.tv/p/S5gKW7VyZaDF8biUxsoZig. Kitron, with operations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, currently employs more than 3,000 people. In 2025, the company's revenues were EUR 738 million.

The release also noted that Kitron's Defence/Aerospace market sector continued to show exceptional growth, but solid progress was observed across other market sectors as well. The company's strong financial performance and broad-based growth indicate a resilient business model and a diversified customer base, positioning Kitron well for future market opportunities.

The company's robust financial results and strong order backlog suggest a positive outlook for the remainder of the year and into 2027. Kitron's continued focus on maintaining an EBIT margin above 9 per cent underscores its commitment to profitability and operational efficiency.