Kongsberg Automotive Q1 Adj. EBIT Drops to EUR 7.6 Million

Freitag, 13.05.2022 07:40 von PLX

• (PLX AI) – Kongsberg Automotive Q1 revenue EUR 218.8 million, up 0.6% from last year.
• • Q1 adjusted EBIT EUR 7.6 million, down EUR 13.8 million from last year
• • Says 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 the higher inflation rates
• • In addition, lockdown restrictions in China had a negative impact on both revenue and adjusted EBIT in Q1 2022