Kongsberg Automotive Reports Q2 2018 Results
Kongsberg Automotive ASA Q2 2018 Report and Presentation follow attached. Q2 2018 Highlights: · Revenues increased YoY by MEUR 19.5 (~7%) to MEUR 287.5 including negative FX effects of MEUR 11.6. – Similar growth rate at constant currency as in the previous quarter. · Adj. EBIT increased YoY by ~50% from MEUR 13.9 to MEUR 20.8 including negative FX effects of MEUR 1.3. · Free cash flow was MEUR 22.8 mainly due to strong earnings and concurrent reduction in working capital. · New Business Wins of MEUR 121, an increase of 70% vs Q2 2017.