Brief: Kongsberg Automotive Reiterates FY23 Revenue, Adj EBIT Guidance

Kongsberg Automotive ASA

07/11/2023 06:12

Nov 7 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * KONGSBERG AUTOMOTIVE REPORTS STRONG UNDERLYING REVENUE
GROWTH IN
Q3 AND A SOLID ADJUSTED EBIT
    * REITERATION OF REVENUE AND ADJUSTED EBIT GUIDANCE FOR
FY2023
    * EXPERIENCED SIGNIFICANT GROWTH WITHIN OUR COMMERCIAL
VEHICLE
SEGMENT IN ALL KEY MARKETS
    * DECLINING SALES IN CHINESE PASSENGER CAR MARKETS WERE
OFFSET BY
INCREASING SALES IN AMERICAS
    * CHANGE IN CASH IN Q3 2023 AMOUNTED TO NEGATIVE MEUR 19.2
COMPARED TO BALANCE AS OF JUNE 30, 2023
    * CASH POSITION WAS MEUR 161.6 AT END-Q3

Source text for Eikon:  ID:nWkr3WffGB 
Further company coverage:  KOA.OL 

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