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Kongsberg Automotive second quarter 2014 report

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Highlights for the second quarter 2014:

  • Revenues of EUR 254.4 million, in line with guiding
  • Market outlook for Q3 indicates revenue level of EUR 230 million
  • EBIT was EUR 17.8 million in Q2, in line with Q2 2013
  • Operating profit in line with last year, despite 3% lower revenues, due to operational improvements
  • Financial gearing ratio reduced to 2.2x NIBD/EBITDA



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

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