Kongsberg Auto Earnings Miss Expectations Amid Strong Supply Chain Headwinds

Dienstag, 15.03.2022 07:40 von PLX

• (PLX AI) – Kongsberg Auto Q4 revenue EUR 205.7 million vs. estimate EUR 253 million.
• • Q4 adjusted EBIT EUR 8.3 million vs. estimate EUR 14 million
• • Revenue decline was mainly driven by the Powertrain & Chassis business unit
• • EBIT strong operational performance was offset by increased cost of raw material, electronic components and resulting freight due to the significant disruptions in the supply chain throughout the automotive sector
• • Won't issue 2022 guidance at this time