Q2 2025 Kongsberg Automotive ASA Earnings Call Transcript
Key Points
- Kongsberg Automotive Holdings ASA (KGAUF) has launched an additional cost reduction program expected to have a EUR15 million annual impact when fully implemented.
- The company has renewed its executive leadership team and reinforced a performance-oriented culture.
- Kongsberg Automotive Holdings ASA (KGAUF) has made a strategic acquisition of chassis autonomy, positioning the company for long-term growth in the fast-growing electric and autonomous vehicle market.
- The company reported a positive trend in free cash flow, which has significantly improved from previous quarters.
- Kongsberg Automotive Holdings ASA (KGAUF) has a strong pipeline of business opportunities, despite a slowdown in business awards due to market uncertainty.
- Revenues for Q2 2025 are down by approximately 8% compared to Q2 2024.
- EBIT for Q2 is significantly reduced due to increased warranty accruals and impacts related to tariffs and impairments of non-current assets.
- The company's business wins for Q2 are lower than previous quarters due to tariffs and market uncertainty.
- The market outlook for the second half of 2025 is not favorable, with expected revenues to fall below both the first half of 2025 and the second half of 2024.
- Kongsberg Automotive Holdings ASA (KGAUF) has increased warranty expenses, which are higher than they should be, impacting financial performance.
Good morning and welcome to Kongsberg Automotive Q2 2025 earnings goal. My name is Therese Skurdal, communication and marketing director, and I will be the moderator for today's session.
Thank you all for joining us. Before we begin, please take a note that today's call will be recorded and the recording will be made available on our website.
The agenda will start with a presentation from our CEO, Trond Fiskum and CEO, Erik Magelssen, who joined us in June, followed by a Q&A session. If you have questions during the presentation, please submit them by using the Q&A feature in that cost tool. We encourage you to raise the question in English.
Now I'm pleased to introduce our CEO Trond Fiskum. Trond, please go ahead.
Thank you Therese. Good morning all. I will take you through the executive summary and market update before we go into the financial update. We want to start this
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