Kitron ASA revised earnings guidance for the year 2024. For 2024, the company has previously indicated a revenue outlook of between EUR 700 million and EUR 800 million and an operating profit (EBIT) between EUR 60 million and EUR 74 million. Due to the challenging market outlook, the company now expect revenue to be between EUR 660 million and EUR 710 million.

Cost initiatives are implemented to maintain operating margins, and The company expects an operating profit (EBIT) between EUR 53 million and EUR 60 million, including EUR 4.8 million in restructuring costs in the first quarter.