Q1 2026 Kongsberg Automotive ASA Earnings Call Transcript

Apr 30, 2026 / 07:00AM GMT

Release Date Price: $0.21315

Transcript

Key Points

Positve

Kongsberg Automotive Holdings ASA (STU:K3A) reported an improvement in EBIT, increasing from 2.2% to 5.5% compared to the same quarter last year.
Net profit improved significantly, reaching EUR 5.2 million from a negative EUR 2.2 million in the previous year.
The company has implemented cost reduction programs that are beginning to show positive impacts on financial results.
Revenue stabilization is observed, with two consecutive quarters of increased revenue in the flow control systems segment.
Kongsberg Automotive Holdings ASA (STU:K3A) secured a significant contract with a North American electric truck manufacturer, reinforcing its market leadership and competitiveness in the electric truck segment.

Negative

Revenues were slightly down by 1.7% compared to Q1 2025, reflecting a stabilizing but not yet growing market.
Cash flow, although improved, was still negative at EUR 4.7 million, influenced by seasonal variations.
The company faces risks related to warranty costs, which are complex and have significant variability in possible outcomes.
There was a decline in European commercial vehicle revenues within the Drive Control Systems segment, indicating a potential loss of market share.
The market outlook remains uncertain due to geopolitical tensions and elevated oil prices, which could impact future demand.

Operator

Good morning, everyone and welcome to Kongsberg Automotive's Q1 2026 Earnings Call presentation. Today we are at Danske Bank in Oslo, and we are joined by participants joining us digitally as well as physically here in Danske Bank in Oslo.

Up on the screen is today's agenda and today's presenters Trond Fiskum, our President and CEO and Erik Magelssen, our CFO.

So, with that, I would give the word over to our President and CEO, Trond Fiskum.

Trond Fiskum

Kongsberg Automotive ASA - President, Chief Executive Officer, Interim Executive Vice President Drive Control Systems

Thank you, Teresa. Good morning, all, those that are here physically and also those that are joining online for joining today's earnings call.

I'll start today's presentation with some reflections on my 1st year as CEO for Kongsberg Automotive. At the end of March, one month ago, I marked one year as President and CEO of the company. I remember when I accepted this responsibility, I did that with a deep sense of responsibility for the company, for the employees and

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