Kongsberg Automotive’s full-year results in line with guidance, despite strong headwinds from inflation, supply-chain challenges, and slower recovery from the COVID-related lockdowns in China.
Zurich, March 14, 2023: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the fourth quarter and full year 2022. The results are in line with the most recent guidance and show resilience in the face of another year with difficult market conditions. For the fourth quarter, revenues and EBIT increased compared to the same quarter last year, despite challenges such as higher costs due to rising global inflation, supply-chain issues, and a slower recovery in China due to the prolonged effects of the lockdowns related to the COVID pandemic. All the financial