Kongsberg Automotive Holding ASA ( (KGAUF) ) has released its Q1 earnings. Here is a breakdown of the information Kongsberg Automotive Holding ASA presented to its investors.
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Kongsberg Automotive Holding ASA is a global provider of products to the automotive and commercial vehicle industries, specializing in drive and flow control systems with a strong presence in Europe and the Americas.
In the first quarter of 2025, Kongsberg Automotive reported a decline in revenues and EBIT due to lower demand, with revenues falling to MEUR 190.0 from MEUR 212.1 in the same period last year. Despite this, the company saw an improvement in free cash flow compared to the previous year.
Key financial highlights include a decrease in EBIT to MEUR 2.2 from MEUR 10.1, and a negative free cash flow of MEUR -10.5. The company secured business wins worth MEUR 136.6 in lifetime revenues, with a focus on cost-saving initiatives expected to yield significant savings by Q3 2025.
Looking forward, Kongsberg Automotive remains committed to cost optimization and efficiency initiatives to improve EBIT margins, despite the challenges posed by global trade uncertainties and tariffs. The company aims to strengthen its leadership team and enhance cash flow management to ensure sustainable growth.
The management is optimistic about potential revenue growth in the latter half of 2025, although visibility remains limited due to geopolitical uncertainties. The focus remains on restoring shareholder value and achieving long-term financial stability.