Q4 2020 Kongsberg Automotive ASA Earnings Call Transcript
Ladies and gentlemen, good day and welcome to the Kongsberg Automotive's Q4 2020 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Norbert Loers. Please go ahead.
Thank you, operator. Good morning, everybody. We welcome to our Q4 earnings call our shareholders, analysts and business partners. Today's presenters are Robert Pigg and myself. We are both currently the co-CEOs of Kongsberg Automotive.
So let's go to Page 5. Before we start with the detailed presentation, let me quickly summarize the highlights of the fourth quarter and full year 2020. As you know, top line is the first and the fundamental number in our P&L. Q4 2020 set a new record for fourth quarter in the company, with sales of about EUR 300 million. That is a true V-shape recovery. It does not come without challenges, especially as the supply chain started to suffer under shortages in electronics.
But we all know what finally matters is cash and
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