Key Developments: Kongsberg Automotive ASA (KOA.OL)

KOA.OL on Oslo Stock Exchange

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Kongsberg Automotive wins contract worth EUR 83 mln
Monday, 23 Feb 2015 08:27am EST 

Kongsberg Automotive ASA:Has received nomination from a major global OEM for supply of complete manual gear shifter system to a global platform.Contract has a total value of 83 million euros ($93.86 million) over 7 years.  Full Article

Kongsberg Automotive ASA signs EUR 40 mln contract for supply of On Board Chargers
Friday, 30 Jan 2015 03:57am EST 

Kongsberg Automotive ASA:Has won a contract with a global manufacturer of passenger cars for supply of On Board Chargers (OBC).Contract has an estimated total value of 40 million euros over 8 years, with supply from facility in Wuxi, China.Production will start in H2 2017, and is expected to reach peak volume in 2021.  Full Article

Kongsberg Automotive ASA wins seat heating business in North America
Thursday, 29 Jan 2015 05:11am EST 

Kongsberg Automotive ASA:Has secured a six-year agreement with a North American seat and interior manufacturer for the supply of seat heat systems.Production of seat heat systems will begin in Q2 of 2017.Contract has an estimated lifetime value of 19.8 million euros or 173 million Norwegian crowns.  Full Article

Kongsberg Automotive ASA signs contract worth $100 million
Wednesday, 21 Jan 2015 03:15am EST 

Kongsberg Automotive ASA:Has been awarded contract for dynamic power steering systems to BRP.Says contract has an estimated total value of more than $100 million.KA's facility in Grand Mère, Canada will produce these systems, beginning in 2015.  Full Article

Kongsberg Automotive Driveline contracts from European OEM worth EUR 75 million
Tuesday, 6 Jan 2015 05:19am EST 

Kongsberg Automotive ASA:Kongsberg Automotive's Driveline business area has been awarded a contract for the supply of manual shifter systems worth an estimated total of 684 million Norwegian crowns ($88 million) over its lifetime.Says contract is for manual shifter systems to be used in the next generation of vans/multi-purpose vehicles from the brands of a major European OEM.Says shifters will be manufactured at Kongsberg Automotive's production facility in Vrable, Slovakia.Says production supply under the contract is scheduled to start in the first quarter of 2018 and last until 2027.  Full Article

Kongsberg Automotive wins strategic contracts worth NOK 990 mln
Monday, 5 Jan 2015 02:16am EST 

Kongsberg Automotive ASA:Driver control systems business area has been awarded contracts within Automated Manual Transmission systems for Commercial Vehicles.Value of these contracts is estimated to be 110 million euros over a 5 year period.Deliveries under contracts will start to ramp up in 2016 and 2017 within Kongsberg Automotive manufacturing locations in South and North America.  Full Article

Kongsberg Automotive receives Driveline contract for manual shifters in Europe of EUR 30 mln
Wednesday, 10 Dec 2014 03:50am EST 

Kongsberg Automotive ASA:Driveline contract for manual shifters in Europe worth 264 million Norwegian crowns over its 4 year duration.Production from KA's facilities in Cluses, France will start in second half of 2017 with peak volumes expected in 2019.  Full Article

Kongsberg Automotive ASA gives FY 2015 revenue outlook
Wednesday, 3 Dec 2014 02:01am EST 

Kongsberg Automotive ASA:Sees FY 2015 revenue to be in line with FY 2014.Says beyond FY 2015 targets include delivery of above 13 pct Return On Capital Employed (ROCE).Says beyond FY 2015 targets include organic growth ratio of 3 – 5 pct annually given the present market outlook.  Full Article

Kongsberg Automotive: driveline contracts in Europe and Asia worth EUR 33 million
Tuesday, 2 Dec 2014 07:35am EST 

Kongsberg Automotive Holding ASA:Says Driveline business area has won two contracts worth an estimated total of 33 million euros (286 million Norwegian crowns) over their durations.  Full Article

Kongsberg Automotive signs global supply agreement for hose products of EUR 23 mln
Friday, 28 Nov 2014 08:06am EST 

Kongsberg Automotive Holding ASA:Says Fluid Transfer business area has been awarded a three year supply agreement for high temperature hose products to Europe and China.Says the agreement is worth an estimated 23 million euros (198 million Norwegian crowns) over its lifetime.Says production under contract will be from KA's facilities in Normanton, UK and Grand River Ohio, USA, and commences in Jan. 2015.  Full Article

BRIEF-Kongsberg Automotive wins contract worth EUR 83 mln

* Has received nomination from a major global OEM for supply of complete manual gear shifter system to a global platform

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