Kitron: Electrification and Industry sectors drive revenue growth
(2021-04-21) Kitron today reported quarterly figures showing strong growth within the market sectors Electrification and Industry.
Kitron’s revenue for the first quarter was NOK 938 million, an increase of 7 per cent compared to last year.
Profitability expressed as EBIT margin was 7.0 per cent in the first quarter, compared to 6.7 per cent in the same quarter last year.
Peter Nilsson, Kitron's CEO, comments:
“We continue to capitalize on two of the most fundamental changes in the global economy: the move to renewable energy and electrification and the rapid growth in machine-to-machine communications.