Q2 2026 Kitron ASA Earnings Call Transcript
Key Points
- Kitron ASA (STU:KP5) reported record revenue of EUR296 million for Q2 2026, marking a 72% year-on-year increase.
- The company's order backlog increased by 56% year-on-year to EUR794 million, providing strong forward visibility.
- All five market sectors and all three regions experienced year-on-year growth, with Defense and Aerospace tripling in revenue.
- Operating cash flow reached EUR47 million in the quarter, significantly improving from EUR19 million in Q2 last year.
- Kitron ASA (STU:KP5) is trending towards the top end of its 2026 revenue outlook, with a strategic focus on converting demand through a tight supply market.
- Nordic and North America regions delivered margins slightly below target due to supply timing issues.
- The electronics supply chain remains tight, with constraints on components like memories and high-level processors.
- Gross margin development was slightly down year-on-year and quarter-on-quarter, attributed to a mix effect and supply chain challenges.
- The company faces risks in increasing its outlook due to the tight supply chain, which may impact its ability to meet demand.
- European PCB capacity limitations are affecting Kitron ASA (STU:KP5)'s ability to convert orders into revenue.
Good morning, everyone, and welcome to Kitron's Q2 2026 results presentation. I'm Peter Nilsson, and as always, I'm joined by our CFO, Cathrin Nylander. Thank you for taking the time to be with us today. The theme for today's call is on the slide in front of you, Resilience by design.
Across our markets, customers are reorganizing their supply chains around resilience and origin rather than lowest cost. That shift is structural, and it plays directly to the platform we spent the past decade building, distributed, disciplined, and close to the programs that matter. Q2 is what it looks like in numbers.
I'll cover the quarter highlights, our operational position, the sector and order backlog picture, and the strategic outlook. Cathrin will then take you through the financials, including a cash flow story we're particularly pleased with this quarter.
I'll close with a case for our medium-term ambition before we open the floor for your questions. So let's get started. Next slide, please.
Q2 extended the longest run in
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