The Q3 2017 Report follows attached.
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Third quarter 2017 highlights include:
Revenues were MEUR 240.7 in the third quarter, MEUR 22.4 (10.3%) above the third
quarter last year, including negative currency translation effects of MEUR 5.2.
Adjusted EBIT amounted to MEUR 7.7 in the third quarter, MEUR 7.1 above the
third quarter last year.
During the third quarter, KA announced the closure of the Easley facility in the
United States.
Annualized business wins in the third quarter amounted to MEUR 61.9 bringing the
total annualized business wins for the last twelve months to MEUR 286.1.
The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of third quarter
excluding discontinued operations.
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You can access the Earnings Call using the following link:
https://secure-web.cisco.com/1
-uPGfp_rEXH8lLaHxgjoR31hNk9FpTCTzU7n6NYGYOS07Bgy6mOdW4McNebofpGSrXzB6d4n6mGwmVGuF
ZjA25ChW_1vaeWFufXSLw9_9tQxMBfuXJsELotD9Gw_Exu6a0ZBsE9ow_
-IHrFgRbY3JuCPJxt9YdU_EGiW2988FaH8ybuhNZDFHaxwdsCGTZyfIIjWkZy4o6aAtQoU81VRtSiLKSP
nfann9uuvmfkY04MibsN0J3ivyDl1uRqqrX7j3H_4oqfvRo_XOn5mPrhM3A/https%3A%2F%2Fpgi.web
casts.com%2Fstarthere.jsp%3Fei%3D1166286%26tp_key%3D9f2e2d1875
Contacts:
Norbert Loers, CFO
Phone: +41 43 508 6559
Hallstein Kvam Oma, Investor Relations
Phone: +41 43 508 8963
ir@ka-group.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 18 countries, Kongsberg Automotive is truly a
global supplier. The company is headquartered in Kongsberg, Norway 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