News: Kongsberg Automotive ASA (KOA.OL)

KOA.OL on Oslo Stock Exchange

1 Sep 2015
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BRIEF-Kongsberg Automotive signs agreement with North American OEM

* Kongsberg Automotive has secured Strategic Supplier Agreement for seat comfort solutions to leading North American vehicle manufacturer

BRIEF-Kongsberg Automotive wins two contracts of total EUR 56 mln

* Says the company's Interior business area wins two contracts with combined estimated total value of 56 million euros (524 million Norwegian crowns)

BRIEF-Kongsberg Automotive wins new contract worth EUR 6 million

* Kongsberg Automotive's Fluid Transfer business area has been awarded a contract worth an estimated total of 6 million euros ($6.78 million) for the ABC air brake connector range with one of Europe's major truck manufacturers

BRIEF-Kongsberg Automotive signs seven-year deal worth EUR 15.8 million

* Has been awarded a seven year agreement with a European premium automaker for the supply of seat comfort systems to a mid-size/large luxury SUV

BRIEF-Kongsberg Automotive Q2 EBITDA down to EUR 26.1 mln

* Reported on Thursday Q2 revenue of 266.0 million euros ($295.29 million) versus 254.4 million euros year ago

BRIEF-Kongsberg Automotive awarded EUR 12 mln contract for manual shift systems in China

* Kongsberg Automotive's (KA) Driveline business area has received nomination from a Chinese-European joint venture OEM for the supply of manual shift systems, which will be used in B-segment cars to be sold in China

BRIEF-Kongsberg Automotive gets EUR 24 mln driveline contract in North America

* Kongsberg Automotive's (KA) Driveline business area awarded 24 million euros ($26.78 million) (208 million Norwegian crowns) driveline contract in North America

BRIEF-Kongsberg Automotive wins EUR 45 million contract from truck manufacturer

* Kongsberg Automotive's Fluid Transfer Systems business area has received a contract award from one of the world's premier manufacturers of trucks, buses and engines worth an estimated 45 million euros ($50.54 million) over its duration

BRIEF-Kongsberg Automotive ASA buys 400,000 own shares

* Bought 400,000 shares in Kongsberg Automotive at a price of 6.1179 Norwegian crowns per share

BRIEF-Kongsberg Automotive sees Q2 revenues of around EUR 265 mln

* Q1 2015 revenues of EUR 270.0 million, EUR 14.2 million up from Q1 2014, including favorable currency effects of EUR 18.8 million

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