The Q2 2017 Report follows attached.
Second quarter 2017 highlights include:
· Revenues were MEUR 268.1 in the second quarter, MEUR 27.1 (11.2%) above the
second quarter last year, including positive currency translation effects of
MEUR 0.6.
· Adjusted EBIT amounted to MEUR 13.9 in the second quarter, MEUR 4.9 (54.8%)
above the second quarter last year.
· During the second quarter the closure of the Basildon plant (UK) was
completed.
· Annualized business wins in the second quarter amounted to MEUR 70 bringing
the total business wins for the last twelve months to MEUR 290.
· The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of second
quarter excluding discontinued operations.
Investors /analysts:
Norbert Loers, Chief Financial Officer: +41 43 508 6559
CORPORATE COMMUNICATIONS:
Anke Niemann +41 43 508 6561
Fredrik Tangeraas +47 982 14 021
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 around EUR 1.0 billion and 10.000
employees in 18 countries, Kongsberg Automotive is truly a global supplier. The
company is headquartered in Switzerland 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
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