Kongsberg Automotive expects limited impact of customs war – DN.no

The management of KOA has received many questions about the trade war of investors and analysts and Friday, Jensen tried to quantify the potential impact.

– The increase in customs will cost us about one million euros in 2018 depending on the current situation, said the KOA chief.

According to Jensen, this figure will increase between two and three million euros in 2019, as the tolls will have their full effect. In addition, any tax on European cars imported to the United States could have an impact of about three million euros.

– On the whole, the trade war, it seems, could now have a negative impact of five million euros on revenue. This is not a significant effect, said Jensen.

Strong Order Intake

KOA achieved a turnover of just over 287 million euros in the second quarter, compared with 268 million in the same period in 2017. The The company's operating profit rose 18% to 15 million euros. Income Income 287.5 268.1 7, 19659017] Holding Kongsberg Automotive, second quarter earnings (in millions of euros) 2018 2017 2% Operating result (ebit) 15 12.7 18.1% Profit before tax 7.3 7.3 -% 19659032] KOA recorded order intake of 121 million euros in the second quarter, an increase of 70% over the same period of the year last. The company's order intake in the last 12 months now stands at a record 372 million euros

The KOA share has risen sharply on the Oslo Stock Exchange Friday morning after presenting its quarterly figures. By 10 am, the stock was up nearly seven percent. However, since the new year, the stock is still down about 14%. (Terms)