Revenue in first half year to MEUR 518.0 from MEUR 202,8 in comparable period 2007. The first half year is characterized by growth i Europe and Asia and a declining North American market.

EBITDA in the first half year 2008 was MEUR 47.2 versus MEUR 22.8 i same period 2007.

Net profit for the first half year was 5.9 MEUR..

More details for 1st half year and 2nd quarter are given in the enclosed quarterly report. 

Press conference will be held on 18th of  July at 0830 CET at Hoyres Hus, Stortingsgt 20, Oslo. The presentation can be viewed via webcast on the company’s web where also the presentation material will be published.

Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 11,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays.

Courtesy: Kongsberg Automotive Holding ASA, Norway

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Posted by Naresh Koshti on 19 July, 2008 10:56:27 AM IST #