Kongsberg Automotive first quarter 2014 report
Highlights for the first quarter 2014:
- Revenues were EUR 255.8 million in the first quarter, EUR 3.6 million above the first quarter last year
- EBIT was EUR 18.1 million in the first quarter, up EUR 4.6 million from the first quarter 2013
- Improved profitability, mainly due to operational improvements and operational gearing effects of the higher top line
- The financial gearing ratio reduced to 2.4 times NIBD/EBITDA
- Annualized business wins in the quarter amounted to MEUR 42
- Revenues for the second quarter expected to be approx. EUR 250 million
- Download: release.html
- Download: wkr0006.pdf