Kongsberg Automotive ASA (KOA.OL) Key Developments | Reuters.com
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Kongsberg Automotive ASA (KOA.OL)

KOA.OL on Oslo Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Kongsberg Automotive: Henning E. Jensen new CEO, Bruce E. Taylor new Chairman
Monday, 13 Jun 2016 01:30am EDT 

Kongsberg Automotive ASA : Hans Peter Havdal has tendered his resignation from Chief Executive (CEO) position . Chairman of the Board Henning E Jensen is appointed CEO .Board member Bruce E Taylor is appointed Chairman of the Board.  Full Article

Kongsberg Automotive gets nomination from car maker for supply of Shift by Wire systems
Tuesday, 31 May 2016 03:40am EDT 

Kongsberg Automotive ASA : Key Driveline contract for Shift by Wire systems from European OEM . Lifetime contract value is 65 million euros ($72.34 million), but this is however a 100 pct replacement win where conventional mechanical shifters are substituted by Shift by Wire systems .Production supply will start in H2 2018 and run for 7 years with a peak volume in 2022.  Full Article

CFO Trond Stabekk to leave Kongsberg Automotive
Tuesday, 24 May 2016 07:00am EDT 

Kongsberg Automotive ASA : Trond Stabekk, Chief Financial Officer of Kongsberg Automotive ASA, has informed that he has accepted a new position outside the company and has handed in his resignation .Stabekk has a contractual notice period of six months and the process to identify his successor is initiated.  Full Article

Kongsberg Automotive awarded multiple contracts worth EUR 15 million
Friday, 20 May 2016 03:41am EDT 

Kongsberg Automotive ASA : Says awarded multiple seat comfort systems contracts worth 15 million euros ($16.8 million) .Combined value is estimated at 15 million euros (140 million Norwegian crowns) over a supply period of 3 to 8 years depending on car mode.  Full Article

Kongsberg Automotive awarded EUR 54 mln seat heat business with German OEM
Thursday, 19 May 2016 04:21am EDT 

Kongsberg Automotive ASA : KA awarded 54 million euros ($60.58 million) (504 million Norwegian crowns) seat heat business with German OEM . Interior business area has been awarded multiple agreements with a German automaker for global supply of seat heat products . Production scheduled to start in Q1 2017 from KA's facility in Reynosa, Mexico .Production for other brands will commence in Q3 of 2017 in Pruszkow, Poland.  Full Article

Kongsberg Automotive awarded seat support business worth EUR 34 mln
Thursday, 19 May 2016 03:15am EDT 

Kongsberg Automotive : Says has been awarded the supply of seat support systems to a German car maker's E-segment line of SUVs with production in North America . Contract is worth an estimated 34 million euros ($38.12 million) over its lifetime .Production is scheduled to start in Q3 of 2018 from KA's facility in Reynosa, Mexico.  Full Article

Kongsberg Automotive ASA elects Henning E. Jensen as chairman
Thursday, 31 Mar 2016 06:06am EDT 

Kongsberg Automotive ASA:Elects Henning E. Jensen as chairman.Jensen has joined the company's Board on March 31.  Full Article

Kongsberg Automotive Holding ASA - Norway trade union breaks off wage talks, could lead to strike - Reuters News
Tuesday, 29 Mar 2016 01:29am EDT 

Kongsberg Automotive Holding ASA:Norway's key industrial trade union broke off wage negotiations with employers, in a move that could lead to a large strike, it said on Tuesday. - RTRS.A deal between Fellesforbundet, the most important union within the main confederation of unions in Norway, and the Federation of Norwegian Industries, representing employers, must be reached by the latest midnight (2200 GMT) on April 2.If an agreement is not reached, 26,000 workers from 800 firms will go on strike from April 3, the union said in a statement.Fellesforbundet said workers from oil services firm Aker Solutions AKSOL.OL, aluminium producer Norsk Hydro NHY.OL and industrial conglomerate Kongsberg KOG.OL, among others, would be affected by a strike.The outcome of the talks will set a benchmark for the upcoming negotiations for all other workers, including those in service industries and the public sector.  Full Article

Kongsberg Automotive issues Q1 2016 revenue guidance above analysts' estimates
Thursday, 11 Feb 2016 11:31am EST 

Kongsberg Automotive ASA:Revenues for Q1 2016 are expected to be about 250 million euros.Q1 2016 revenue 240.00 million euros-Thomson Reuters I/B/E/S.  Full Article

Kongsberg Automotive ASA signs strategic contract worth EUR 100 mln
Wednesday, 10 Feb 2016 03:31am EST 

Kongsberg Automotive ASA:Strategic contract in AMT Segment Control business area‍.Estimated lifetime value of contract is 100 million euros (961 million Norwegian crowns) over 5 years.‍Deliveries under contract will start to ramp up from 2020 from Kongsberg Automotive`s manufacturing locations in Europe and Americas​.  Full Article

UPDATE 1-Kongsberg Automotive replaces CEO to trigger "accelerated change"

* Hans Peter Havdal has tendered his resignation from Chief Executive (CEO) position