Kongsberg Automotive releases 4th quarter report and publishes 2013 Annual Report
Kongsberg Automotive has today released both its 4th 2013 report, and Annual Report for 2013.
Both reports follow attached, and are available on www.kongsbergautomotive.com.
Highlights for Q4 2013 include:
Revenues
- 2013 revenues of EUR 991 million, in line with guiding
- Q4 revenues of EUR 242 million
- EUR 9.4 million (4.1%) up from Q4 2012
Profitability
- 2013 EBITDA of EUR 97.1 million (9.8 %), up EUR 20.1 million from 2012, despite lower revenues
- Q4 EBITDA of EUR 19.0 million, in line with Q4 2012
- Gearing ratio further reduced to 2.5 x NIBD/EBITDA
- Strong operational cash flow in Q4 of EUR 36.3 million
- Improved financial flexibility through amended loan agreement
Markets
- Europe: Commercial vehicle sales lifted by Euro 6 pre-buy in Q4
- North America: Steady growth in light vehicle segment
Key figures
| (EUR million) | Q4 2013 | Q4 2012 | 2013 | 2012 |
| Revenues | 242.0 | 232.6 | 990.8 | 1001.1 |
| EBITDA | 19.0 | 19.0 | 97.1 | 77.0 |
| EBITDA % | 7.9 % | 8.1 % | 9.8 % | 7.7 % |
| EBIT | 8.4 | 7.8 | 53.2 | 30.7 |
| EBIT % | 3.5 % | 3.3 % | 5.4 % | 3.1 % |
| Net profit | (4.3) | (1.7) | 6.6 | 5.3 |
| NIBD/EBITDA (LTM) | 2.5 | 3.8 | 2.5 | 3.8 |
| Equity ratio % | 27.6 % | 24.8 % | 27.6 % | 24.8 % |
- Download: release.html
- Download: wkr0006.pdf
- Download: wkr0010.pdf
- Download: wkr0011.pdf