Kongsberg Automotive Increases Its Turnover – hegnar.no

Kongsberg Automotive Announces Figures for the Second Quarter of 2018.

Profit after tax was established at 4.2 million euros during the quarter, compared to 2.9 million euros in the quarter. euros the previous year.

Earnings per share closed at 0.01 euro, compared with 0.01 euro in the same quarter in 2017.

The pre-tax profit amounted to 7.3 million euros, compared with 7, 3 million euros the previous year.

Adjusted operating profit rose to 20.8 million euros from 13.9 million in Q2 2017.

Adjusted operating margin increased 5.2% last year at 7.2% this year

EBITDA was established at 22.3 million euros, compared with 23%

The figure of. Business rose to 287.5 million euros for the quarter, compared with 268.1 million euros the year before.

Operating cash flow amounted to 44.0 million euros, compared with 22.2 million euros last year

The company reported a very good order intake of 121.5 million euros. This represents an increase of 70% over the same quarter last year.

Outlook

Kongsberg Automotive expects a turnover of about 260 million euros in the third quarter of 2018, according to the company's quarterly report Friday. ] The underlying assumptions for the outlook are that there are no significant changes in market conditions and exchange rates, and the company therefore chooses to repeat the guidance provided in the context of the general meeting of 2018.

claiming that the increase in US tariffs on steel, aluminum and other products could result in costs of million euros in 2018 and 2 to 3 million euros in 2019.

However, it is pointed out that an increase in import tariffs on cars Limited effect on the As it is sold largely in the same areas as its manufacture, unless the tariffs result in an EFF

The company underlies a price elasticity of 1, which means that the demand for vehicles will decrease by as many percentage points as the rates could increase.

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