Revenue increased despite significant headwinds; earnings reduced by cost pressures – guidance maintained as outlook improving
Revenues from continuing operations were up 4.7% compared to Q2 2021, while adjusted EBIT was reduced to EUR 4.0 million by the ongoing disruptions in the automotive supply chain and the abnormally high costs of e-components, raw materials and freight.Zurich, August 9, 2022: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the second quarter 2022 today. The results show continued resilience in the face of difficult market conditions. All the financial information in this press release refers to the continuing operations of the company, as the ICS and LDC