News: Kongsberg Automotive ASA (KOA.OL)

KOA.OL on Oslo Stock Exchange

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23 Dec 2014
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Wed, Dec 10 2014

BRIEF-Kongsberg Automotive receives Driveline contract for manual shifters in Europe of EUR 30 mln

* Driveline contract for manual shifters in Europe worth 264 million Norwegian crowns ($37.07 million) over its 4 year duration

BRIEF-Kongsberg Automotive sees 2015 revenue to be in line with 2014

* Says beyond 2015 targets include delivery of above 13 percent Return On Capital Employed (ROCE)

BRIEF-Kongsberg Automotive secures refinancing

* Has secured a new loan facility with DNB, Danske Bank and BNP Paribas to refinance existing revolving credit facility provided by DNB & Nordea

BRIEF-Kongsberg Automotive: driveline contracts in Europe and Asia worth EUR 33 million

* Says Driveline business area has won two contracts worth an estimated total of 33 million euros (286 million Norwegian crowns) over their durations Source text for Eikon: Further company coverage: (Gdynia Newsroom)

BRIEF-Kongsberg Automotive: global supply agreement for hose products worth EUR 23 million

* Says Fluid Transfer business area has been awarded a three year supply agreement for high temperature hose products to Europe and China

BRIEF-Kongsberg Automotive: EUR 9 mln fuel lines deal for North American passenger car market

* 9 million euros (76 million Norwegion crowns) fuel lines contract for North American passenger car market

BRIEF-Kongsberg received driveline contract worth EUR 17 million

* Production will start in November 2016 with peak volume 2018

BRIEF-Kongsberg Automotive Q3 EBIT at 13.2 mln euros

* Says Q3 revenues at 228.6 million euros, 2.6 percent down from Q3 2013

RPT-BRIEF-Kongsberg Automotive to downscale production at Rollag facility by 2018

* Kongsberg Automotive to downscale production at Rollag facility by 2018

BRIEF-Kongsberg Automotive to downscale production at Rollag facility by 2018

* Kongsberg Automotive to downscale production at Rollag facility by 2018

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