Q2 2026 Kongsberg Automotive ASA Earnings Call Transcript
Key Points
- Kongsberg Automotive Holdings ASA (STU:K3A) reported a significant improvement in EBIT, reaching EUR 12 million with a 6.2% EBIT margin, compared to a negative EBIT of EUR 2.9 million in the same quarter last year.
- Net profit increased to EUR 5.2 million, a substantial improvement from a loss of EUR 2 million in Q2 of the previous year.
- The company achieved positive net cash flow of EUR 4.3 million, marking an improvement from a negative EUR 0.9 million in the same quarter last year.
- Revenues increased for the third consecutive quarter, reaching EUR 193.8 million, indicating improved market stability and conditions.
- Kongsberg Automotive Holdings ASA (STU:K3A) secured contract awards with estimated revenues of EUR 135 million, reflecting improved commercial momentum and profitable growth focus.
- The company is still dealing with unresolved warranty and recall-related matters, which continue to be actively managed without a clear timeline for resolution.
- Despite improvements, the overall market conditions remain mixed across regions and market segments, with geopolitical and trade-related uncertainties persisting.
- The restructuring process in France and consolidation of manufacturing operations in China involve costs and complexities, impacting short-term financials.
- There was a restructuring cost of EUR 1.8 million recognized in Q2, affecting the overall financial performance.
- The drive control systems segment recorded lower revenue levels compared to Q2 last year, despite a stabilizing upward trend.
Good morning, and thank you for joining Kongsberg Automotive's Q2 2026 earnings call presentation. Today, we are hosting a digital webcast, and with me here is Trond Fiskum our President and CEO, and CFO Erik Magelssen.
On the screen, you see today's agenda, and as always, we will host a Q&A session after today's presentation. You can, during the call, raise a question in the webcast tool. With that, I will give the word over to our President and CEO Trond Fiskum.
Thank you, Teresa, and good morning to all.
Thank you for joining today's earnings call.
We go straight to the highlights of the quarter.
We have had a positive development in the quarter, and the numbers shows a clear improvement in KA's financial performance.
Q2 EBIT improved to eur12 milliono representing 6.2
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