News : Hans Peter Havdal

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KONGSBERG AUTOMOTIVE GROUP                                                      ...

(The report is based on IFRS)
Highlights Q3 2011

        Revenues in Q3 ended at MEUR 229.6 up 9% YoY

        Kongsberg Automotive’s revenue growth continues to be stronger than the market volumes

        EBITDA in Q3 at MEUR 15.4 (6.6%) representing a 20.3 % growth versus same period last year

        Q3 includes restructuring cost of MEUR 1.3

        Net profit year to date more than doubled versus same...

KONGSBERG AUTOMOTIVE GROUP Interim report 2nd quarter 2011 (The report is based ...

Highlights second quarter & first half year 2011

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Revenues in Q2 ended at MEUR 256.6 up 13% YoY. Adjusted for negative currency effects of MEUR 9.3, revenues were MEUR 265.9 up 17 %.

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EBITDA in the second quarter ended at MEUR 22.6, including a restructuring effect of MEUR 1.8.

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For the first half year the EBITDA was MEUR 52.4, at same level as for the full year 2010. EBITDA margin at 10%.

·
Net profit...

KONGSBERG AUTOMOTIVE GROUP Interim report 1st quarter 2011 (The report is base...

Highlights Q1 2011

Revenues in Q1 ended at MEUR 267.4 up 35% YoY

Kongsberg Automotive’s revenue growth continue to be stronger than the growth in the global vehicle production volumes

EBITDA in Q1 2011 at MEUR 29.8 (11.1%) versus MEUR 13.3 (6.7%) in Q1 2010

Strong quarter with double digit EBITDA margin in line with the roadmap presented in February

Net profit improved from break even Q1 2010 to MEUR...

KONGSBERG AUTOMOTIVE GROUP Interim report 4th quarter 2010               (Th...

Highlights Q4 2010

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Revenues in Q4 ended at MEUR 227.8 up 29% YoY

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 EBITDA in Q4 2010 at MEUR 8.2 (3.6%) versus MEUR 3.9 (2.2%) in Q4 2009, the 4th quarter includes restructuring effects of MEUR 5,4

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 EBIT in Q4 2010 is negative with MEUR -3.6 (-1.6 %) versus MEUR -7.7 in Q4 2009

·
 In 2010 the EBIT has improved by MEUR 56.5 from MEUR -46.3 in 2009 to MEUR 10.2

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Kongsberg Automotive’s...

STRATEGIC BREAKTHROUGH IN NORTH AMERICA: NEW CONTRACT TO TRUCK MANUFACTURER WORT...

One of the biggest truck manufacturers in North America has chosen Kongsberg Automotive as a supplier for a complete clutch actuation system. The contract is worth MEUR 35 and will run over 5 years with a start of production in 2012. Kongsberg Automotive is global leader for clutch actuation systems and offers complete solutions which can easily and quickly be fitted on the truck driveline. North American trucks...

STRATEGIC BREAKTROUGH IN ASIA: KA SIGNS NEW MEUR 15 CONTRACT

Kongsberg Automotive has won a strategically important contract for production of couplings for compressed air for a global producer of commercial vehicles in Asia. The contract is worth MEUR 15 over 5 years with start of production in 2012. Kongsberg Automotive is a leader within this product area in Europe.

”The contract is for composite air couplings for the brake and suspension systems on the vehicles. This...

KONGSBERG AUTOMOTIVE SECURES A MEUR 7.5 GEARSHIFT SYSTEM CONTRACT

Kongsberg Automotive has been awarded a contract for the supply of gearshift systems to a global truck manufacturer. The gearshift systems are based on the new generation cable gearshift system developed at the Kongsberg Automotive R&D centre in Heiligenhaus, Germany. The contract is for the European and Brazilian markets and the estimated life time of the contract is 5 years with a start of production in...

KA SECURES NEW CONTRACT OF MEUR 14 WITHIN THE DRIVELINE BUSINESS AREA

Kongsberg Automotive (KA) and its Driveline business area have recently won a new contract based on KA’s Gearshift Systems with a lifetime value at approximately MEUR 14  The first deliveries to the European based customer will start in 2012, and production will be in Cluses, France and Vrable, Slovakia.  The program includes deliveries of manual shifters and shift cables to a top selling medium-sized vehicle. The...

KONGSBERG AUTOMOTIVE RECEIVES GLOBAL CONTRACT OF MEUR 30 ON SEAT COMFORT SYSTEMS

Kongsberg Automotive’s Interior business area has been awarded a major contract for seat comfort systems to one of the world’s premier brands, located in Europe. The new systems are for the global market.

 The new design includes pneumatic lumbar & side support for the front seats and goes into a wide range of vehicle platforms. Deliveries will be out of our plants in Europe, North America and Asia. Estimated...

KONGSBERG AUTOMOTIVE RECEIVES €33 MILLION ORDER ON ITS NEW GENERATION OF SEAT CO...

Kongsberg Automotive (KA) Interior business area has been awarded a major contract for Seat Comfort Systems to one of the world’s premier brand, located in Europe. The new systems are for the European market.

 The new contract is based on KA’s next generation of Modular Seat Comfort, which is a KA unique design to provide the most comfortable and relaxing ride for drivers and passengers.

 The new design...