Q1 2023 Kongsberg Automotive ASA Earnings Call Transcript
Good morning, and welcome to Kongsberg Automotive's First Quarter Earnings Call. My name is Mads Langaard, Head of Investor Relations. And with me today, I have our President and CEO, Joerg Buchheim; and our CFO, Frank Heffter.
With that, I would like to hand the word over to you, Joerg.
Many thanks, Mads, and welcome as well from my side. This is Joerg Buchheim. I'm glad to lead you today to our Q1 results.
And Mads let's please move to the executive summary. We started into the year with a strong growth, solid new business wins and lower EBIT and free cash flow, but with no surprise, and on our expected runway towards our guidance 2023. So looking more detailed into respective key figures. So the revenue increased again by 4.6% compared to previous year quarter while the EBIT came out somehow lower on a level of EUR 4.1 million, but as expected, [end 1] KA's internal budget level. The same for free cash flow, which is
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