Kongsberg Automotive reports Q4 2018 results

Q4 2018 Highlights:

Revenues grew by MEUR 21 (7.3%) YoY to MEUR 288 including negative FX effects of MEUR 1.
We booked new business with MEUR 77 in expected annual revenues corresponding to MEUR 338 in expected lifetime revenues.
Adj. EBIT increased YoY by MEUR 8 to 21 MEUR with no FX effects.
In addition to the fall through from the additional revenues, we also saw improvement in our operations.
Increased costs of raw materials and electronic components continued in Q4 2018 with a YoY effect of negative MEUR 2.
Free cash flow improved by MEUR 13 to MEUR 4 YoY.
Cash on hand at the end of Q4 2018 of MEUR 59.
The LTM adjusted gearing ratio (NIBD/Adj. EBITDA) declined from 2.4 in Q4 2017 to 1.9 in Q4 2018.

The earnings conference call including a review of the Q4 Presentation can be followed through this link starting at CET 09:00:

Sign up for our weekly newsletters