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The latest announcement is out from Kongsberg Automotive Holding ASA ( (KGAUF) ).
Kongsberg Automotive has finalized an overhead cost reduction plan expected to save EUR 15 million annually, affecting approximately 150 positions. This initiative, part of a broader effort to improve financial performance, is in response to market softness in North America and Europe, largely due to U.S. tariffs and geopolitical tensions. The company is adjusting its labor levels to align with lower production volumes and remains committed to long-term growth and value delivery.
The most recent analyst rating on (KGAUF) stock is a Hold with a NOK1.55 price target. To see the full list of analyst forecasts on Kongsberg Automotive Holding ASA stock, see the KGAUF Stock Forecast page.
More about Kongsberg Automotive Holding ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry, focusing on engineering, sustainability, and innovation. Its product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products.
Average Trading Volume: 3,040,825
Current Market Cap: NOK1.55B
For a thorough assessment of KGAUF stock, go to TipRanks’ Stock Analysis page.