Highlights for the first quarter 2013
- Revenues of EUR 252 million, down EUR 15.6 million (-5.8%) compared to first quarter last year. Reflecting a weaker market, but slightly above company guiding of EUR 245 million.
- Improved profitability on lower revenues from a weaker market, secured an EBITDA of EUR 25.1 million, up EUR 1.9 million (8.1%) from 1st quarter 2012.
- Commercial and operational improvements mainly in Driveline contributed to the improved profitability
- Revenue for the 2nd quarter are expected to be approx. EUR 250 million
|MEUR||Q1 2013||Q1 2012||2012|
|EBITDA %||9.9 %||8.7 %||7.7 %|
|Equity ratio (%)||24.8 %||23.8 %||24.8 %|
For further information, please contact:
Executive Vice President & CFO
Tel. 47 982 14 054
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.
Kongsberg Automotive’s business has a global presence. With revenues of close to EUR 1.0 billion and approximately 11.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com