Kongsberg Automotive Holdings ASA (OSL:KOA)
kr 1.544 -0.032 (-2.03%) Market Cap: 1.43 Bil Enterprise Value: 2.73 Bil PE Ratio: 0 PB Ratio: 0.57 GF Score: 68/100
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Q3 2023 Kongsberg Automotive ASA Earnings Call Transcript

Nov 07, 2023 / 08:00AM GMT
Release Date Price: kr2.03 (-1.26%)
Mads Langaard
Kongsberg Automotive ASA - Head of IR

Good morning, everyone, and welcome to Kongsberg Automotive's Third Quarter 2023 Earnings Call Presentation. With me today, I have our Interim President and CEO, Linda Nyquist-Evenrud; and CFO, Frank Heffter. Due to some time delays we appreciate if you will submit your questions to the web for the Q&A session as soon as possible during the presentation.

Linda, the word is yours.

Linda Nyquist;Evenrud
Kongsberg Automotive ASA - President & Interim CEO

Okay. Thank you, Mads. And once again, welcome to this Q3 earnings call. I'm happy to take you through our Q3 results in today's call together with our CFO, Frank Heffter.

So let's move to the executive summary as a start . Okay. So our revenues in Q3 ended at EUR 220.6 million, which is equivalent to a 14.8% growth rate year-over-year at constant currency rates and excluding the BRP sales that we divested end of 2022. Our adjusted EBIT came in at EUR 14.3 million, increase by EUR 1.4 million year-over-year,

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