Q1 2025 Kongsberg Automotive ASA Earnings Call Transcript
Key Points
- Kongsberg Automotive Holdings ASA (STU:K3A) experienced a modest uptick in customer activity early in the year compared to Q4 last year, with revenues improving by 2.6% sequentially.
- The company continues to implement cost-saving programs, achieving EUR17 million in annual savings from overhead reductions initiated in 2023.
- Kongsberg Automotive Holdings ASA (STU:K3A) secured EUR136.6 million in new business wins in Q1, with a significant portion in the commercial vehicle segment.
- The company is actively working to mitigate the impact of tariffs by optimizing material flows and engaging with customers to recover tariff-related costs.
- Kongsberg Automotive Holdings ASA (STU:K3A) is focusing on strengthening cash flow through disciplined CapEx management and targeted reductions in working capital.
- Revenues fell to EUR190 million, down 10.9% year over year, due to lower demand in key markets such as Europe, North America, and China.
- EBIT decreased significantly to EUR2.2 million from EUR10.1 million in Q1 last year, with the EBIT margin dropping from 4.8% to 1.2%.
- Free cash flow remained negative at EUR10.5 million, indicating ongoing financial challenges.
- The company faces continued demand pressure in its largest markets, with a notable decline in sales in Asia, including China.
- Kongsberg Automotive Holdings ASA (STU:K3A) acknowledges that its financial performance is not satisfactory and recognizes the need for meaningful changes to improve results.
Good morning everyone, and thank you for joining us today and welcome to Kongsberg at Automotive Q 1 2025 earnings call. My name is Therese Skurdal, communications director, and I will be the moderator in today's session.
Before we begin, I would like to remind you that questions can be raised in the VET cost tool. We will prioritize questions posted in English. Joining us today as presenters are President and CEO Trond Fiskum and CEO Christian Johansson. On the right hand side of the slide, you will see the topics that they will present today.
Now, I would give the word over to our President and CEO Tom Fiske.
Thank you, Teresa. Welcome to all also from my side. Before we get started with the Q1 presentation, I would like to introduce myself. I am Trong Fiskum, the new President and CEO of KA.
I took office on March 30th this year and I'm based at KA's
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
