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Kongsberg Automotive ASA (KOA.OL)

KOA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kongsberg Automotive sells unit to Preh
Friday, 24 Nov 2017 02:00am EST 

Nov 24 (Reuters) - KONGSBERG AUTOMOTIVE ASA ::PREH ACQUIRES "EPOWER" FROM KONGSBERG AUTOMOTIVE.‍TRANSACTION IS EXPECTED TO CLOSE BY END OF 2017​.‍CONTRACTING PARTIES HAVE AGREED NOT TO ANNOUNCE PURCHASE PRICE.​.  Full Article

Kongsberg Automotive ‍will purchase own shares​
Thursday, 9 Nov 2017 02:47am EST 

Nov 9 (Reuters) - KONGSBERG AUTOMOTIVE ASA ::‍WILL PURCHASE OWN SHARES IN OPEN MARKET FOR COMPANY'S SHARE OPTION PROGRAMS​.  Full Article

Kongsberg Automotive Q3 ‍adjusted EBIT up at EUR 7.7 mln​
Wednesday, 8 Nov 2017 01:50am EST 

Nov 8 (Reuters) - KONGSBERG AUTOMOTIVE ASA :‍REVENUES WERE MEUR 240.7 IN Q3, MEUR 22.4 (10.3%) ABOVE Q3 LAST YEAR​.‍ADJUSTED EBIT AMOUNTED TO MEUR 7.7 IN Q3, MEUR 7.1 ABOVE Q3 LAST YEAR.​.FOR THE LAST QUARTER OF THE YEAR EXPECTS REVENUES OF AROUND €260 MILLION.‍​.  Full Article

Kongsberg Automotive is considering to divest its ePower business
Thursday, 19 Oct 2017 02:35am EDT 

Oct 19 (Reuters) - KONGSBERG AUTOMOTIVE ASA ::A POSSIBLE DIVESTITURE OF EPOWER.‍ENTERED INTO NEGOTIATIONS WITH A POTENTIAL BUYER TO DIVEST ITS EPOWER BUSINESS WHICH IS HEADQUARTERED IN SWEDEN​.‍AS A RESULT OF THIS, KA IS CONSIDERING TO DIVEST ITS EPOWER BUSINESS​.  Full Article

Kongsberg Automotive mulls closing Burton plant in the UK
Thursday, 5 Oct 2017 10:00am EDT 

Oct 5 (Reuters) - KONGSBERG AUTOMOTIVE ASA :‍IT HAS BEEN PROPOSED THAT FTS BURTON PLANT IN UK WILL BE UNDER CONSIDERATION AS ONE OF SIX PRODUCTION FACILITIES THAT COULD BE CLOSED​.‍OPERATIONS AT PLANT COULD POTENTIALLY CEASE FROM APRIL 2018.​.‍THERE ARE 52 EMPLOYEES WORKING FOR KA FTS AT KA BURTON FACILITY THAT COULD BE AFFECTED​.‍PROPOSED PLAN FOR BURTON IS THAT JLR OF PRODUCTION AND EQUIPMENT WOULD BE MOVED TO KA'S NEW FACILITY IN POLAND​.  Full Article

Kongsberg Automotive to halt operations at Easley plant
Monday, 28 Aug 2017 02:00pm EDT 

Aug 28 (Reuters) - Kongsberg Automotive ASA :Kongsberg Automotive ASA - decided that Easley plant in US will be closed, and that operations at plant will be discontinued during Q1 of 2018.Majority of production and equipment will be moved to a new KA facility in Mexico..Kongsberg Automotive ASA says there are 97 employees at Easley facility, who will be affected by closure..  Full Article

Kongsberg Automotive Q2 adj. EBIT EUR 13.9 million
Friday, 28 Jul 2017 01:51am EDT 

July 28 (Reuters) - KONGSBERG AUTOMOTIVE ASA :Q2 REVENUE EUR ‍268.1​ MILLION.Q2 ADJUSTED EBIT AMOUNTED TO MEUR 13.9 IN Q2, MEUR 4.9 (54.8%) ABOVE Q2 LAST YEAR..FOR REMAINDER OF YEAR EXPECTS REVENUES 2-4 PERCENT ABOVE LAST YEAR'S REVENUES‍​.  Full Article

Kongsberg Automotive Q1 adjusted EBIT rises to EUR 13.5 mln
Tuesday, 9 May 2017 01:59am EDT 

May 9 (Reuters) - KONGSBERG AUTOMOTIVE ASA :ADJUSTED EBIT WAS MEUR 13.5 IN Q1, MEUR 1.7 ABOVE Q1 LAST YEAR.Q1 REVENUE EUR 270.7 MILLION VERSUS EUR 243.8 MILLION YEAR AGO.REVENUES WERE MEUR 270.7 IN Q1, MEUR 26.9 (11.0%) ABOVE Q1 LAST YEAR.  Full Article

Kongsberg Automotive seeks to close manufacturing facility in Germany
Wednesday, 1 Mar 2017 05:33am EST 

Kongsberg Automotive ASA : Says seeks to close its manufacturing facility in Heiligenhaus, Germany . Has now initiated negotiations with works council to agree on balance of interest and social plan for all affected employees .Late last year presented substantial cost restructuring plan which includes reducing manufacturing footprint from 31 to 25 facilities, mainly within the Powertrain and Chassis products segment in Europe.  Full Article

Kongsberg Automotive Q4 adjusted EBIT down 37.7 pct
Tuesday, 28 Feb 2017 02:34am EST 

Kongsberg Automotive Asa : Revenues were 249.8 million euros ($264.41 million) in Q4, 1.5 million euros (0.6%) above Q4 last year . Adjusted EBIT was 7.4 mln euros in Q4, -4.5 million euros (-37.7 pct) below Q4 last year . Decided to re-organize and re-segment its businesses into three main segments - interior, powertrain & chassis products, and specialty products, starting in Q1 . Light vehicle production in 2017 is expected to grow by 1.6 pct to 93.8 million vehicles . Expects reasonable growth in all markets except south america and russia. .Says market outlook for 2017 gives reason to expect revenues to grow by 2-3 pct in 2017.  Full Article

BRIEF-Kongsberg Automotive ASA says ‍Kongsberg Automotive Group bought 310,000 shares in Kongsberg Automotive ASA at NOK 11.048/share​

* ‍Kongsberg Automotive Group bought 310,000 shares in Kongsberg Automotive ASA at a price of NOK 11.048 per share​ Source text for Eikon: Further company coverage: ( Bangalore.newsroom@thomsonreuters.com )