Kongsberg Automotive Third Quarter Results
Highlights for the third quarter 2012
- Revenues amounted to EUR 239.0 million, including a positive currency effect of EUR 15.5 million
- Continue to experience a positive North American market, offset by a slow European market
- EBITDA of EUR 14.8 million, including restructuring cost of EUR 5.2 million
- Completed closure of the operations in the facility in Dassel, Germany
- Driveline, adjusted for the restructuring cost, delivered an EBITDA margin of 4.2 % demonstrating an underlying margin improvement
- Commercial vehicle segment continue to deliver strong margins despite weak EU sales
- High level of business wins, EUR 94 million of annual sales won in the quarter
- The market outlook for the fourth quarter indicates a revenue level of approximately EUR 245 million. Uncertainty about EU market conditions remains
Key figures
| MEUR | Q3 2012 | Q3 2011 | YTD 2012 | YTD 2011 | 2011 |
| Revenues | 239.0 | 229.6 | 768.5 | 753.6 | 999.7 |
| EBITDA | 14.8 | 15.4 | 58.0 | 67.8 | 82.0 |
| EBITDA % | 6.2 % | 6.7 % | 7.6 % | 9.0 % | 8.2 % |
| Net profit | 0.8 | (5.6) | 7.0 | 10.5 | 7.8 |
| NIBD/EBITDA | 4.3 | 4.1 | 4.3 | 4.1 | 3.9 |
| Equity ratio (%) | 24.8 % | 23.0 % | 24.8 % | 23.0 % | 23.3 % |
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