Brief: Kongsberg Automotive Q2 Adjusted EBIT Up At EUR 7.9 Mln

Kongsberg Automotive ASA

08/08/2024 06:09

Aug 8 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * OUR BOOK-TO-BILL REACHED A RECORD HIGH OF 2.1
    * QTRLY EBIT MEUR 6.4 (MEUR -12.5)
    * ADJUSTING GUIDANCE TO MEUR >1,500 (PREVIOUS MEUR >1,200)
AND
BOOK-TO-BILL RATIO TO >1.5 (PREVIOUS >1.2)
    * FURTHER VOLUME REDUCTIONS IN OUR CUSTOMERS PRODUCTION
PROGRAMS
IN EUROPE AND ASIA, AMPLIFIED BY WEAK ECONOMIC CLIMATE
    * Q2 NET RESULT EUR +3.7 MILLION VERSUS EUR -21.7 MILLION
YEAR AGO
    * COMMERCIAL VEHICLES MARKET IN NORTH AMERICA WEAKENING IN
H2 DUE
TO ECONOMIC UNCERTAINTY AND UPCOMING PRESIDENTIAL ELECTIONS
    * Q2 ADJUSTED EBIT EUR 7.9 MILLION VERSUS EUR 0.3 MILLION
YEAR AGO
    * ADJUSTING 2024 FULL YEAR REVENUE GUIDANCE TO RANGE OF MEUR
790-830 (PREVIOUS 830-880)
    * ADJUSTING EBIT GUIDANCE TO RANGE OF MEUR 28-35 (PREVIOUS
MEUR
34-44)

Source text for Eikon:  ID:nWkrblBKDX 
Further company coverage:  KOA.OL 

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