Kongsberg Automotive reports Q1 2021 results
Kongsberg Automotive ASA will host an earnings conference call at 09:00 CET, today. Highlights Q1 2021: Sales · Q1 2021 sales amounted to MEUR 302.8, MEUR 40.7 (15.6%) above Q1 2020, despite negative currency translation effects of MEUR 12.0 · At constant currencies, the YoY growth was around 20.1% which is above the overall market development for the quarter · The emerging global raw materials crisis started to impede our customers and our order conversions Adj. EBIT · Adj. EBIT in Q1 2021 grew significantly amounting to MEUR 20.0 compared to MEUR 7.8 in Q1 2020,