Brief: Kongsberg Automotive Says Tariff Costs Fully Mitigated In Q3
05/11/2025 06:06
Nov 5 (Reuters) - Kongsberg Automotive ASA KOA.OL: KONGSBERG AUTOMOTIVE Q3 REVENUE EUR 162.9 MILLION Q3 REVENUE MEUR 162.9 (MEUR 181.6) Q3 EBIT MEUR 4.9 (MEUR 1.1) TARIFF COSTS WERE FULLY MITIGATED IN QUARTER COST REDUCTION PROGRAMS ARE PROGRESSING AS PLANNED WE ARE IMPLEMENTING ADDITIONAL COST-SAVING MEASURES, PARTICULARLY WITHIN MANUFACTURING OPERATIONS WARRANTY COSTS REMAIN A CONCERN DIRECT COST IMPACT OF TARIFFS IN Q3 WAS EFFECTIVELY NEUTRALIZED BY PASSING COSTS THROUGH TO CUSTOMERS PROACTIVELY MANAGED THE RECENT SEMICONDUCTOR SUPPLY CONCERNS INVOLVING NEXPERIA AND DO NOT ANTICIPATE ANY SHORT-TERM DISRUPTIONS NO MAJOR CONTRACT OPPORTUNITIES HAVE BEEN LOST IN 2025 Source text: ID:nWkr1CBcMS Further company coverage: KOA.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))