Kongsberg Automotive Holdings ASA (OSL:KOA)
kr 1.408 -0.026 (-1.81%) Market Cap: 1.31 Bil Enterprise Value: 2.67 Bil PE Ratio: 0 PB Ratio: 0.52 GF Score: 66/100
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Q1 2024 Kongsberg Automotive ASA Earnings Call Transcript

May 08, 2024 / 07:00AM GMT
Release Date Price: kr1.69 (-3.86%)
Mads Langaard
Kongsberg Automotive ASA - Head of Investor Relations

Good morning, everyone, and welcome to Kongsberg Automotive first quarter 2024 earnings call presentation. Today's presenters are President and CEO, Linda Nyquist-Evenrud; and CFO, Frank Heffter. Linda the word is yours.

Linda Nyquist;Evenrud
Kongsberg Automotive ASA - President, Chief Executive Officer

Thank you, Mads. And once again, welcome to this Q1 earnings call. So together with Frank, I will take you through our Q1 results. So let's move to the executive summary. As per our Q1 report, as well as our Q1 announcement, we have put all our focus on regaining profitability and generating positive free cash flow.

Q1 therefore, marks a significant step in the right direction for us. The results show year over year and increased operating profitability on a slightly lower revenue. EBIT ended at EUR10.1 million and increased by EUR6.5 million versus Q1 last year.

We have high ambitions to lower our cost base and are fully on track to deliver on our promises

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