Kongsberg Automotive reports Q4 2018 results
Kongsberg Automotive ASA Q4 2018 Report and Presentation follow attached. Q4 2018 Highlights: · Revenues grew by MEUR 21 (7.3%) YoY to MEUR 288 including negative FX effects of MEUR 1. · We booked new business with MEUR 77 in expected annual revenues corresponding to MEUR 338 in expected lifetime revenues. · Adj. EBIT increased YoY by MEUR 8 to 21 MEUR with no FX effects. · In addition to the fall through from the additional revenues, we also saw improvement in our operations. · Increased costs of raw materials and electronic components continued in Q4 2018 with a YoY