Kitron's third-quarter revenue beats estimates on defence demand
Norwegian electronics maker Kitron lifted third-quarter revenue 59% year on year, ahead of analyst forecasts. Its order backlog hit a record EUR 843.3 million.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Reuters, Kitron's third-quarter revenue rose 59% from a year earlier to EUR 266.8 million, above the EUR 255.84 million average estimate of five analysts. Operating profit (EBIT) climbed 73% year on year to EUR 25.2 million, against expectations of EUR 23.8 million, with an EBIT margin of 9.5%.
The order backlog grew 41% year on year to a record EUR 843.3 million. The company linked the growth to defence and aerospace demand, which it said kept showing exceptional growth, as well as broader demand across several sectors. Kitron kept its 2026 outlook unchanged: revenue of EUR 1,050-1,150 million and EBIT of EUR 97-112 million, the same as the forecast it raised on August 24.
why it matters
The results suggest Kitron's growth is not reliant on a single segment, since the CEO also pointed to a clearer change in growth patterns in electrification. A record backlog improves visibility on revenue in the coming quarters. The shares trade at about 20 times forward 12-month earnings, down from a P/E of 24 three months earlier, so part of the optimism is already reflected in the price.
market impact
Kitron and Norway's electronics sector: strong defence demand supports revenue and profit expectations
tags
instruments
sources
- Norway's Kitron Q3 revenue beats estimates on defence demand — Reuters, 22 October 2026 at 05:14 UTC
- Norway's Atea beats Q3 revenue estimates on high demand for data center solutions — Reuters, 22 October 2026 at 05:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗