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Kitron: Kitron postpones capital markets presentation due to Ukraine situation

Written by Customer Service on . Posted in Public Companies.

Kitron planned to host a capital markets presentation on 15 March. However, due to the ongoing conflict in Ukraine, the event is postponed.

“So far, we see no material impact on our business or outlook, but we feel that the investor community’s focus in the coming days and weeks will be on the tragic events unfolding in Ukraine and the heightened geopolitical uncertainty, not on our strategy and plans. Consequently, we will revert with an update at a later stage,” said Peter Nilsson, CEO of Kitron.

Kitron’s current outlook remains unchanged: For 2022, Kitron expects revenue between NOK 5 200 and 5 800 million, including BB Electronics, which was acquired in January. Operating profit (EBIT) is expected to be between NOK 330 and 430 million.

For further information, please contact:

Peter Nilsson, CEO & President, tel. +47 948 40 850
Cathrin Nylander, CFO, tel. +47 900 43 284
E-mail: investorrelations@kitron.com

About Kitron
Kitron is a leading Scandinavian electronics manufacturing services company for the Connectivity, Electrification, Industry, Medical devices and Defence/Aerospace sectors. The group is located in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, China and the United States. Included the acquisition of BB Electronics in January 2022, Kitron has about 2 500 employees, and pro forma revenues were about NOK 5 billion in 2021. www.kitron.com.

 

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