Kongsberg Automotive reports Q3 2017 results

The Q3 2017 Report follows attached.

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Third quarter 2017 highlights include:

Revenues were MEUR 240.7 in the third quarter, MEUR 22.4 (10.3%) above the third quarter last year, including negative currency translation effects of MEUR 5.2.

Adjusted EBIT amounted to MEUR 7.7 in the third quarter, MEUR 7.1 above the third quarter last year.

During the third quarter, KA announced the closure of the Easley facility in the United States.

Annualized business wins in the third quarter amounted to MEUR 61.9 bringing the total annualized business wins for the last twelve months to MEUR 286.1.

The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of third quarter excluding discontinued operations.

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You can access the Earnings Call using the following link:

https://secure-web.cisco.com/1-uPGfp_rEXH8lLaHxgjoR31hNk9FpTCTzU7n6NYGYOS07Bgy6mOdW4McNebofpGSrXzB6d4n6mGwmVGuFZjA25ChW_1vaeWFufXSLw9_9tQxMBfuXJsELotD9Gw_Exu6a0ZBsE9ow_-IHrFgRbY3JuCPJxt9YdU_EGiW2988FaH8ybuhNZDFHaxwdsCGTZyfIIjWkZy4o6aAtQoU81VRtSiLKSPnfann9uuvmfkY04MibsN0J3ivyDl1uRqqrX7j3H_4oqfvRo_XOn5mPrhM3A/https%3A%2F%2Fpgi.webcasts.com%2Fstarthere.jsp%3Fei%3D1166286%26tp_key%3D9f2e2d1875