Kongsberg Automotive reports Q4 2016 results
The Q4 2016 Report and 2016 Annual Report follow attached. Fourth quarter 2016 highlights include: · Revenues were MEUR 249.8 in the fourth quarter, MEUR 1.5 (0.6%) above the fourth quarter last year, including negative translation currency effects of MEUR 1.8. · Adjusted EBIT was MEUR 7.4 in the fourth quarter, MEUR -4.5 (-37.7%) below the fourth quarter last year. · The adjusted gearing ratio was at 2.8 times at the end of fourth quarter 2016. · We have received a waiver from our banks, valid until first quarter 2018, securing flexibility for the Group to continue with