Norway's Kongsberg Automotive falls on H2 revenue drop warning
12/08/2025 08:30
** Kongsberg Automotive KOA.OL falls as much as 6.4% to 1.43 Norwegian crowns; last down 0.5% ** Norwegian car parts supplier says weak global automotive markets, negative currency effects of 5.5 mln euros ($6.4 mln) impacted Q2 results ** Expects improved margins in H2 2025 from cost cuts, but says demand to remain weak in North America before predicted market recovery in 2026 ** CEO Trond Fiskum says market outlook unfavourable for H2 2025, revenues projected to fall below H1 2025, H2 2024 levels ** Last month, co said it expected to cut ~150 roles as it looks to streamline ops amid soft truck demand, trade tensions, weaker market outlook ($1 = 0.8613 euros) (Reporting by Jesus Calero) ((Jesus.calero@thomsonreuters.com))