OB:KITElectronic
Kitron (OB:KIT) Margin Miss Reinforces Valuation Concerns Despite Strong Growth Outlook
Kitron (OB:KIT) saw its net profit margin slip to 4.5% from 5.4% last year, reflecting a dip in profitability. While earnings declined year over year, forecasts point to a sharp rebound with earnings set to climb 18.26% per year and revenue projected to gain 14% annually. This is well above the 3.9% pace expected for the broader Norwegian market. Despite elevated valuation multiples relative to industry peers, strong growth forecasts on both top and bottom lines remain a key draw for...