KONGSBERG AUTOMOTIVE REPORTS PROFIT IMPROVEMENT IN Q2; CHALLENGING MARKET LEADS TO REVISED FULL YEAR GUIDANCE. LONG-TERM GROWTH PROSPECTS IMPROVED BY RECORD HIGH BUSINESS WINS
Kongsberg, August 8, 2024: Financial Highlights - Q2 2024 · REVENUES MEUR 209.3 (MEUR 224.5) · EBIT MEUR 6.4 (MEUR -12.5) · NET RESULT AFTER TAX MEUR 3.7 (MEUR -21.7) · FREE CASH FLOW MEUR -4.4 (MEUR 4.8) · NEW BUSINESS WINS MEUR 694.8 LIFETIME AND MEUR 146.7 ANNUALIZED REVENUES (MEUR 171.5 and MEUR 76.6) Kongsberg Automotive ASA (KA) has published its results for the second quarter of 2024 and reported an EBIT result of MEUR 6.4, an improvement of MEUR 18.9 vs. negative MEUR 12.5 last year, despite declining volumes due to challenging market environment. “I am