Brief: Kongsberg Automotive Presents Long-Term EBIT Target
Dec 16 (Reuters) - Kongsberg Automotive ASA KOA.OL: PRESENTS LONG-TERM EBIT TARGET FOLLOWING STRATEGY REVIEW AT CAPITAL MARKETS DAY SETS LONG-TERM EBIT TARGET OF 6.5% COST REDUCTION PROGRAMS DELIVERING ANNUAL SAVINGS OF EUR 42 MILLION ARE BEING IMPLEMENTED, ADDITIONAL MEASURES UNDERWAY TO ALIGN COST BASE WITH MARKET CONDITIONS Source text: ID:nWkr94D50n Further company coverage: KOA.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))