Kongsberg Automotive Reports Q1 2018 Results
Kongsberg Automotive ASA Q1 2018 Report and Presentation follow attached. Highlights from Q1 2018 Results: · New Business Wins almost doubled (+84%) compared to Q1 2017. · LTM New Business Wins reached new peak with MEUR 321. · Revenues increased YoY by MEUR 7.9 (2.8%) to MEUR 288.3 including negative FX effects of MEUR 18.7. · Excluding FX effects and the HRAR divestiture, the YoY growth is ~13%. · Adj. EBIT increased YoY by 32.7% to MEUR 20.1 from MEUR 15.2 in Q1 2017. · Free cash flow was MEUR -14.7 due to negative working capital effects linked to our