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Kongsberg Automotive Holding ASA ( (KGAUF) ) has issued an announcement.
Kongsberg Automotive reported a decline in Q1 2025 revenues to MEUR 190.0, down from MEUR 212.1 in the previous year, with EBIT also decreasing to MEUR 2.2. Despite this, the company saw improvements compared to Q4 2024, with increased revenues and EBIT. The company is actively addressing challenges posed by tariffs and trade uncertainties, while implementing cost-saving initiatives expected to enhance profitability. New leadership appointments aim to drive transformation, with a focus on cost adjustments, cash flow improvements, and innovation. The company maintains a positive outlook for EBIT margin improvements in 2025, although geopolitical uncertainties pose risks.
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, supporting the transition to sustainable mobility.
Average Trading Volume: 3,195,491
Current Market Cap: NOK1.34B
Find detailed analytics on KGAUF stock on TipRanks’ Stock Analysis page.