Kongsberg Automotive ASA Q1 2019 Report and Presentation follow attached.
Q1 2019 Highlights:
· In spite of a generally declining market, revenues grew by MEUR 18 (6.3%) YoY to MEUR 307 including positive FX effects of MEUR 5.
· We had another strong booking quarter as we won new business worth MEUR 65 in annual revenues which corresponds to MEUR 339 in expected lifetime revenues.
· Adj. EBIT improved YoY by more than 6% with margins slightly up, which represents a YoY increase by MEUR 1 to MEUR 22.
· However, the fall through of the additional revenues was limited due to: