Kongsberg Auto Q2 Revenue Tops Estimates

Dienstag, 09.08.2022 08:25 von PLX

• (PLX AI) – Kongsberg Automotive Q2 revenue EUR 225.6 million vs. estimate EUR 221 million.
• • Q2 adjusted EBIT EUR 4 million
• • This significant decline in profitability was mainly driven by the abnormally high costs of raw materials, electronic components and freight caused by the semiconductor supply-chain bottlenecks and by higher inflation, company says
• • Kongsberg Automotive to sell a part of its Shawinigan operations in Canada to BRP for a total enterprise value of CAD 136 million (EUR 104 million)