Kongsberg Automotive reports Q3 2017 results
The Q3 2017 Report follows attached.
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Third quarter 2017 highlights include:
Revenues were MEUR 240.7 in the third quarter, MEUR 22.4 (10.3%) above the third quarter last year, including negative currency translation effects of MEUR 5.2.
Adjusted EBIT amounted to MEUR 7.7 in the third quarter, MEUR 7.1 above the third quarter last year.
During the third quarter, KA announced the closure of the Easley facility in the United States.
Annualized business wins in the third quarter amounted to MEUR 61.9 bringing the total annualized business wins for the last twelve months to MEUR 286.1.
The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of third quarter excluding discontinued operations.
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You can access the Earnings Call using the following link:
https://secure-web.cisco.com/1-uPGfp_rEXH8lLaHxgjoR31hNk9FpTCTzU7n6NYGYOS07Bgy6mOdW4McNebofpGSrXzB6d4n6mGwmVGuFZjA25ChW_1vaeWFufXSLw9_9tQxMBfuXJsELotD9Gw_Exu6a0ZBsE9ow_-IHrFgRbY3JuCPJxt9YdU_EGiW2988FaH8ybuhNZDFHaxwdsCGTZyfIIjWkZy4o6aAtQoU81VRtSiLKSPnfann9uuvmfkY04MibsN0J3ivyDl1uRqqrX7j3H_4oqfvRo_XOn5mPrhM3A/https%3A%2F%2Fpgi.webcasts.com%2Fstarthere.jsp%3Fei%3D1166286%26tp_key%3D9f2e2d1875
Contacts:
Norbert Loers, CFO
Phone: +41 43 508 6559
Hallstein Kvam Oma, Investor Relations
Phone: +41 43 508 8963
ir@ka-group.com
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 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 30 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