Kitron ASA operates within the Electronic components sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Kitron ASA with three other
manufacturers of electronic components in Europe:
Neways Electronics International
sales of 478.57 million Euros [US$567.70 million]
of which 34%
Muehlbauer Holding AG
(283.06 million Euros [US$335.77 million]
of which 59%
was Automation), and
Ses Imagotag SA
based in FRANCE
(290.26 million Euros [US$344.32 million]
During the first
quarter of 2021, sales at Kitron ASA totalled
NOK 937.52 million.
an increase of 6.8%
from the NOK 877.66 million in sales at the company during the first quarter of 2020.
During the previous 18 quarters, sales at Kitron ASA have increased compared with the same quarter in the previous year.
There appears to be at least some degree of seasonality in the sales at Kitron ASA: during 8 of the previous 9
years, sales were highest during the fourth quarter.
The exception to this was during 2020, when the
third quarter was the best quarter, accounting for
27% of sales (during that same year, the
fourth quarter accounted for 25% of sales).
During the year ended December of 2020, sales at
Kitron ASA were NOK 3.96 billion (US$457.35 million).
increase of 20.1%
versus 2019, when the company's sales were NOK 3.30 billion.
This was the fifth consecutive year of sales increases at Kitron ASA
(and since 2015, sales have increased a total of 103%).
Sales of Medical Equipment saw an increase
that was more than double the company's growth rate: sales were up
68.9% in 2020, from
NOK 595.87 million to NOK 1.01 billion.
Kitron ASA also saw significant increases in sales in
Industry (up 29.7% to NOK 1.67 billion)
Defense/aerospace (up 30.8% to NOK 972.44 million)
Not all segments of Kitron ASA experienced an increase in sales in 2020:
sales of Offshore/marine fell 62.8% to NOK 79.83 million.
Kitron ASA also experienced decreases in sales in
Energy/telecoms (down 48.6% to NOK 236.24 million)