Kongsberg has posted first quarter revenue of EUR270m (US$294m), an increase of EUR27m or 11% compared to the same period last year.
Adjusted EBIT was EUR13.5m in the first quarter, EUR1.7m above the first quarter last year.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
During the first quarter Kongsberg concluded the sale of the North American Headrest and Armrest business. As a result, the North American Headrest and Armrest business is reported as discontinued operations.
In March, the supplier announced the closure of the Heiligenhaus facility in Germany. Restructuring costs of EUR6.6m were accrued.
Annualised business wins in the first quarter amounted to EUR35m, bringing the total business wins for the last twelve months to EUR282m.
Kongsberg Automotive has revenues of around EUR1bn and 10,000 employees in 18 countries. The company is headquartered in Switzerland and has 30 production facilities worldwide.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies and industrial driver interface products developed for global vehicle manufacturers.
