Kongsberg Automotive ASA third quarter 2015 report

• Revenues were EUR 234.5 million in the third quarter, EUR 5.9 million (2.6 %) above the third quarter last year, including favorable currency effects of EUR 12.2 million.  
• The EBIT was EUR 11.5 million in the third quarter, EUR 1.8 (-13.4 %) million below the third quarter last year, impacted by lower sales volumes, and increased R&D activity to address future growth opportunities (EUR 2.5 million).
• The financial gearing ratio was at 2.4 times NIBD/EBITDA at the end of the third quarter.
• Annualized business wins in the quarter amounted to EUR 67.7 million.
• Revenues for the fourth quarter 2015 are expected to be approximately EUR 240 million.  

For further information, please contact:
Trond Stabekk,
Executive Vice President & CFO
Tel. 47 982 14 054

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com