Feb 13, 2025 / 07:30AM GMT
Peter Nilsson - Kitron ASA - Chief Executive Officer
I'm Peter Nilsson, Chief Executive Officer of the Kitron Group, and joining me as usual, is Ms. Cathrin Nylander, Chief Financial Officer. Following today's brief presentation, we'll have a Q&A. So please post any questions you may have in the Q&A section of the webcast.
Thank you. Next slide, please.
Let's take a look at an overview of the quarter and the full year 2024 numbers.
Kitron delivered a Q4 revenue of close to NOK 161 million with a 7.3% margin, contributing to a full year revenue of just over NOK 647 million, or a 7.4% margin. Throughout the year, demand softened across key sectors such as connectivity, electrification and industry leading to a 16.5% year-over-year decline. The CE market fell by 34%, primarily due to weakened electrification demand, while Asia declined 19%, affected by reduced connectivity investments driven by a downturn in capital investments in manufacturing.
Defence and aerospace was a bright spot, growing quarter-over-quarter and year-over-year, as well as the backlog
Q4 2024 Kitron ASA Earnings Call Transcript
Feb 13, 2025
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