Kongsberg Automotive

Kongsberg Automotive
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Kongsberg Automotive

 •  November 8

The Q3 2017 Report follows attached. ****************************************************************************************************************** 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...

Kongsberg Automotive

 •  October 19

As stated during its 2016 capital markets day, Kongsberg Automotive (“KA”) is reviewing its product portfolio. As a result of this, KA is considering to divest its ePower business. Consequently, KA has entered into negotiations with a potential buyer to divest its ePower business which is headquartered in Sweden. KA’s ePower business develops,...

Kongsberg Automotive

 •  August 28

At KA’s Capital Markets Day in November 2016, Kongsberg Automotive outlined it’s plan for improving its performance. This plan included closing down 6 plants, mainly within the Powertrain and Chassis products segment in Europe. True to this plan, KA has decided that the Easley plant in the US will be closed, and that operations at the plant will be...

(Corrects a typographical error in the Q1 2017 report ( on page 4, in the last sentence) to correctly refer to KA’s Capital Markets’ Day in November 2016, not 2017 as stated in the previous version of the report) The Q1 2017 Report follows attached. First quarter 2017 highlights include: Revenues were MEUR 270.7 in the first quarter, MEUR 26.9...

The Q1 2017 Report follows attached. First quarter 2017 highlights include: Revenues were MEUR 270.7 in the first quarter, MEUR 26.9 (11.0%) above the first quarter last year, including positive currency translation effects of MEUR 5.4. Adjusted EBIT was MEUR 13.5 in the first quarter, MEUR 1.7 above the first quarter last year. During the first...

Kongsberg Automotive

 •  March 1

Kongsberg Automotive presented a substantial cost restructuring plan late last year which includes reducing the manufacturing footprint from 31 to 25 facilities, mainly within the Powertrain and Chassis products segment in Europe. As part of this plan, the company announced that the Basildon plant will be closed. Further, it has now been decided...

Kongsberg Automotive

 •  December 12, 2016

On Kongsberg Automotive’s Capital Markets Day in November, the company outlined its plan, among other initiatives, to improve its performance and substantially reduce costs. This plan included a reduction in the number of manufacturing facilities, from 31 to 25, mainly within the Powertrain and Chassis products segment in Europe. Further to this...

Kongsberg Automotive

 •  November 8, 2016

Third quarter 2016 highlights include: Revenues were MEUR 228.0 in the third quarter, MEUR 1.4 below the third quarter last year excluding negative translation currency effects of MEUR 4.0. EBIT was MEUR -5.0 (-2.2%) in the third quarter, versus an EBIT of MEUR 10.4 (4.5%) in the third quarter last year. The third quarter EBIT was impacted by...

Kongsberg Automotive

 •  May 31, 2016

Kongsberg Automotive (KA) has received a global nomination from a major European premium car maker for supply of Shift by Wire systems. The shifters will be used in D and E Segment premium cars which will be sold in Europe, North America and Asia. Production supply will start in the second half of 2018 and run for 7 years with a peak volume in...

Kongsberg Automotive

 •  May 20, 2016

Kongsberg Automotive’s Interior business area is having an exciting year. Further to the recent announcements about new business wins with German car makers, a number of additional contracts have been secured from a wide range of customers including European, Chinese and Japanese OEMs. The combined value is estimated at EUR 15 million (NOK 140...