Kongsberg Automotive reports Q1 2019 results
Kongsberg Automotive ASA Q1 2019 Report and Presentation follow attached. Q1 2019 Highlights: · In spite of a generally declining market, revenues grew by MEUR 18 (6.3%) YoY to MEUR 307 including positive FX effects of MEUR 5. · We had another strong booking quarter as we won new business worth MEUR 65 in annual revenues which corresponds to MEUR 339 in expected lifetime revenues. · Adj. EBIT improved YoY by more than 6% with margins slightly up, which represents a YoY increase by MEUR 1 to MEUR 22. · However, the fall through of the additional revenues was limited due to: