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Kongsberg Automotive first quarter 2014 report

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Highlights for the first quarter 2014: 

  • Revenues were EUR 255.8 million in the first quarter, EUR 3.6 million above the first quarter last year
  • „ EBIT was EUR 18.1 million in the first quarter, up EUR 4.6 million from the first quarter 2013
  • „ Improved profitability, mainly due to operational improvements and operational gearing effects of the higher top line
  • „ The financial gearing ratio reduced to 2.4 times NIBD/EBITDA
  • „ Annualized business wins in the quarter amounted to MEUR 42
  • Revenues for the second quarter expected to be approx. EUR 250 million

For further information, please contact: Trond Stabekk, Executive Vice President & CFO Tel. 47 982 14 054

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

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