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Kongsberg Automotive Third Quarter Results

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Highlights for the third quarter 2012

  • Revenues amounted to EUR 239.0 million, including a positive currency effect of EUR 15.5 million
  • Continue to experience a positive North American market, offset by a slow European market
  • EBITDA of EUR 14.8 million, including restructuring cost of EUR 5.2 million
  • Completed closure of the operations in the facility in Dassel, Germany
  • Driveline, adjusted for the restructuring cost, delivered an EBITDA margin of 4.2 % demonstrating an underlying margin improvement
  • Commercial vehicle segment continue to deliver strong margins despite weak EU sales
  • High level of business wins, EUR 94 million of annual sales won in the quarter
  • The market outlook for the fourth quarter indicates a revenue level of approximately EUR 245 million. Uncertainty about EU market conditions remains

Key figures

MEUR Q3 2012 Q3 2011 YTD 2012 YTD 2011 2011
Revenues 239.0 229.6 768.5 753.6 999.7
EBITDA 14.8 15.4 58.0 67.8 82.0
EBITDA % 6.2 % 6.7 % 7.6 % 9.0 % 8.2 %
Net profit 0.8 (5.6) 7.0 10.5 7.8
NIBD/EBITDA 4.3 4.1 4.3 4.1 3.9
Equity ratio (%) 24.8 % 23.0 % 24.8 % 23.0 % 23.3 %

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

Philippe Toth,  

Mergers and Acquisitions & Investor Relations

 +47 98214021

Philippe.toth@ka-group.com

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

Tags:

Kongsberg Automotive Trond Stabekk Hans Peter Havdal Philippe Toth Kongsberg Automotive Holding ASA

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