Highlights Q3 2010

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•         Revenues in Q3 ended at MEUR 211, up 35% YoY
•         EBITDA in Q3 2010 at MEUR 12,8 (6,1%) versus MEUR 5,4 (3.5%) in Q3 2009
•         EBIT in Q3 2010 ended at MEUR 1.0 (0.5 %) versus MEUR (6,6) in Q3 2009
•         For the first nine months EBIT has improved by MEUR 52.4 from (38.6) in Q3 2009 to MEUR 13.8
•         Kongsberg Automotive’s revenue growth was stronger than the growth in the global vehicle production volumes
•         Continued restructuring with closure of the PPS Hagerstown facility by consolidation    into Willis facility and consolidation of US R&D capabilities in one Detroit based Tech Center (Novi)
•         Booked MEUR 34 in average annual sales in new orders
•         Revenue expectation for the 4th quarter of approx MEUR 220

Please see enclosed report for more details.

Philippe Toth, Director, Merger and Acquisition & Investor Relations

Phone : +4732770503. Mobile : +4798214021 

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