REVENUE MAINTAINED DESPITE MARKET DECLINE, WHILE EARNINGS REDUCED BY STRONG HEADWINDS FROM COST PRESSURES
REVENUES FROM CONTINUING OPERATIONS WERE UP 0.6% COMPARED TO Q1 2021, WHILE ADJUSTED EBIT WAS REDUCED TO EUR 7.6 MILLION BY THE ONGOING DISRUPTIONS IN THE AUTOMOTIVE SUPPLY CHAIN AND THE ABNORMALLY HIGH COSTS OF E-COMPONENTS, RAW MATERIALS AND FREGHT.Zurich, May 13, 2022: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the first quarter 2022 today. The results show resilience in the face of difficult market conditions. All the financial information in this press release refers to the continuing operations of the company, as the ICS and LDC business are