Kongsberg Automotive reports increased operating profitability and all-time high New Business Wins in Q1 2024
Zurich, May 8, 2024: Kongsberg Automotive ASA (KA) has published its results for the first quarter of 2024. The results show increased operating profitability on a slightly lower revenue. Free cash flow shows a significant improvement compared to Q1, 2023.“We have put all our focus on regaining profitability and generating positive free cash flow, the first quarter therefore marks a significant step in the right direction. Even though our industry has experienced a somewhat lower sequential activity, we are very pleased to see that several of our recently introduced measures are