Zurich, March 14, 2023: Kongsberg Automotive ASA (“Kongsberg Automotive”) has published its results for the fourth quarter and full year 2022. The results are in line with the most recent guidance and show resilience in the face of another year with difficult market conditions. For the fourth quarter, revenues and EBIT increased compared to the same quarter last year, despite challenges such as higher costs due to rising global inflation, supply-chain issues, and a slower recovery in China due to the prolonged effects of the lockdowns related to the COVID pandemic. All the financial information in this press release refers to the continuing operations of the company, as recent divestments are accounted for separately as discontinued operations.

Comment from the CEO:

2022 marked another challenging year for our industry. I’m therefore both glad and proud of our team that we managed to deliver on our full year revenue and EBIT guidance. In particular with our Interior divestment in 2022, the transition process towards the higher margin parts of our industry and business remains at full speed.

This year, KA and the Board of Directors has decided to launch a strategic review of the company in order to unlock the full value potential. I truly believe that such a process will be in the best interest of our company, employees, and shareholders.


Financial position;


Earnings presentation – conference call

The company will hold an earnings conference call at 08:00 CET on March 14, 2023. Conference call registration is available at the company’s webpage or the following link: (https://channel.royalcast.com/landingpage/hegnarmedia/20230314_1/)

The earnings release and presentation will be published on www.newsweb.no and on KA's website www.kongsbergautomotive.com. The recording of the audiocast will be made available on the company`s website shortly after the presentation.

Investor and media relations:
Mads Langaard
+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: kongsbergautomotive.com