Kongsberg Automotive first quarter 2014 report
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