Highlights for the second quarter 2012
7/12/2012 12:00 PM EST
· Revenues of EUR 262 million (including positive currency effects of
EUR 11,5 million), where strong NA market offsets EU shortfall
· EBITDA of EUR 20.0 million
· Strong cash flow from operating activities
· The drawn debt was reduced by EUR 9 million in Q2
· The market outlook for the third quarter indicates a stable revenue
level of approximately EUR 230 million. Uncertainty about EU market
conditions remains high.
For further information, please contact:
Hans Peter Havdal CEO | Phone 47 920 65 690 | e-mail hans.havdal@ka
-group.com
Trond Stabekk CFO | Phone 47 982 14 054|e-mail trond.stabekk@ka
-group.com
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.kongsbergautomotiv