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Kongsberg Automotive Second Quarter - 2013

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Highlights                                        
  • Revenues of EUR 262 million in line with second quarter last year
  • EBITDA of EUR 28.6 million (10.9%), up EUR 8.6 million from 2nd quarter 2012
  • Improved profitability on same revenues, reflecting the effects of operational and commercial improvements
  • Strong cash flow from operations, exceeding EBITDA
  • The gearing ratio further reduced to 3.1 times NIBD/EBITDA
  • Revenues for 3rd quarter are expected to be approx EUR 235 million

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.

Kongsberg Automotive’s business has a global presence. With revenues of close to EUR 1.0 billion and approximately 11.000 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

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