Kongsberg Automotive Holding ASA - Interim report 3rd Quarter 2008

* Sales outperforming the general market * Revenues Q3 2008 MEUR 208,3 * Adjusted for negative currency effects of MEUR 7,6 revenues are down MEUR 13,3 (6%) compared to Q3 2007 * EBITDA Q3 2008 MEUR 7,3 (margin 3,5 %) * Adjusted for restructuring costs (MEUR 4,3) the margin is 5,6 %. * A positive dialog with the banks regarding covenants and amortization schedule - conclusion expected in due time before end of 2008 * Weak market outlook * Aggressive actions introduced to improve margins * Ahead of synergy targets * New cost cuts initiated * Will reduce NWC and Capex * Improve operations * Our strategic direction remains the same For more details see enclosed quarterly report. Press conference will be held 28th of October at 0830 CET at Høyres Hus, Stortingsgt 20, Oslo. The presentation can be viewed via webcast on the companies web pages www.kongsbergautomotive.com where the presentation material will be published. Kongsberg 27.10.2008 Board of Directors of Kongsberg Automotive Holding ASA For further information CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

About Us

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of approx. EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Zürich, Switzerland and has 30 production facilities worldwide. The product portfolio includes seat comfort systems, powertrain control systems and advanced fluid handling systems developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com


Documents & Links