Kongsberg Automotive ASA Revises FY 2021 Targets Call Transcript
Welcome, ladies and gentlemen, the investors for this investor call, and welcome to this question-and-answer session in connection with our announcement this morning that we are updating our full year 2021 financial targets.
So as you no doubt have seen already, we have lowered our expectations for adjusted EBIT from EUR 60 million to now EUR 50 million and the revenue accordingly from EUR 1.13 billion towards EUR 1.1 billion. These reductions are the net result of the headwinds we want out of the Q2 presentation already, combined with the significant progress and very great results we made in mitigation with our Shift Gear program. In total, we are still confident that the improvements we are making will show in our results for 2021 and certainly for the future results, in particular for 2022. So we are happy to answer your questions in this call this morning.
Together with me on the call to help answer any questions is also Frank Heffter, my colleague here, the CFO of Kongsberg.
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