English

Kongsberg Automotive releases 4th quarter report

Report this content

Highlights for Q4 2014 include:

Revenues

  •   2014 revenues of EUR 979 million, in line with guiding
  •   Q4 revenues of EUR 240.3 million
    • EUR 1.7 million down from Q4 2013

Profitability

  •   2014 EBIT of EUR 54.8 million (5.6 %), up EUR 1.7 million from 2013, despite lower revenues (EUR 11.8 million)
  •   Q4 EBIT of EUR 5.7 million, down EUR 2.8 million from 4Q 2013 due to increased R&D effort and effects from lower volumes
  •   Gearing ratio further reduced to 2.2 x NIBD/EBITDA
  •   Improved terms in a new revolving facility

Markets

  •   Europe: Modest growth in Europe for light vehicle and decline in commercial vehicle segment in 2014
  •   North America: Steady growth in light - & commercial vehicle segment

Key figures

MEUR Q4 2014 Q4 2013 YTD2014 YTD2013
Revenues 204.3 242.0 979.1 990.9
EBITDA 17.0 19.0 97.0 97.1
EBITDA (%) 7.1% 7.9% 9.9% 9.8%
EBIT 5.7 8.4 54.8 53.2
EBIT (%) 2.4% 3.5% 5.6% 5.4%
Net proft (18.1) (4.3) 5.4 6.6
NIBD/EBITDA (LTM) 2.2 2.5 2.2 2.5
Equity ratio (%) 30.5% 27.6% 30.5% 27.6%

Media:

Trond Stabekk, CFO

Phone: +47 32 86 86 18; Mobile: +47 98214054

Investors / analysts:

Philippe Toth, SVP Business Development & IR

Phone: +47 32 77 05 03; Mobile: +47 98214021

About Kongsberg Automotive:

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 close to EUR 1.0 billion and approximately 10.000 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


Subscribe

Documents & Links