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Kongsberg Automotive reports Q4 2018 results

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Kongsberg Automotive ASA Q4 2018 Report and Presentation follow attached.

Q4 2018 Highlights:

  • Revenues grew by MEUR 21 (7.3%) YoY to MEUR 288 including negative FX effects of MEUR 1.
  • We booked new business with MEUR 77 in expected annual revenues corresponding to MEUR 338 in expected lifetime revenues.
  • Adj. EBIT increased YoY by MEUR 8 to 21 MEUR with no FX effects.
  • In addition to the fall through from the additional revenues, we also saw improvement in our operations.
  • Increased costs of raw materials and electronic components continued in Q4 2018 with a YoY effect of negative MEUR 2.
  • Free cash flow improved by MEUR 13 to MEUR 4 YoY.
  • Cash on hand at the end of Q4 2018 of MEUR 59.
  • The LTM adjusted gearing ratio (NIBD/Adj. EBITDA) declined from 2.4 in Q4 2017 to 1.9 in Q4 2018.

The earnings conference call including a review of the Q4 Presentation can be followed through this link starting at CET 09:00:

https://globalmeet.webcasts.com/starthere.jsp?ei=1231896&tp_key=dc05d74a64

Contacts:

Norbert Loers, CFO
Phone: +41 43 508 6559

Hallstein Kvam Oma, Financial Analyst
Phone: +41 43 508 8963

ir@ka-group.com

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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 approx. EUR 1.1 billion and approximately 11.500 employees in 19 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Zürich, Switzerland and has more than 25 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

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