Kongsberg Automotive reports strong underlying revenue growth of 17.5% in Q2, profits hit by lower revenues from the Chinese car market and one-time effects
Zurich, August 8, 2023: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the second quarter 2023. The results show an underlying solid revenue growth of 17.5% at constant currency. Loss of profitable business in China and one-time effects impacted profitability negatively. All the financial information in this press release refers to the continuing operations of the company, as the divestments of ICS and LDC completed last year were accounted for separately in the 2022 financial statements as discontinued operations. Comment from the interim President &