KOA Company profile
About Kongsberg Automotive ASA
Kongsberg Automotive ASA is a Norway-based global provider of technology to the vehicle industry. The Company's operations are divided into two reporting segments, Powertrain and Chassis (P&C) as well as Specialty Products. The Powertrain and Chassis segment is engaged in the design, manufacture, and testing of custom powertrain and chassis solution. It also engineers and manufactures products for makers of passenger cars and commercial vehicles. The Specialty Products segment consists of three business units: Couplings, Fluid Transfer Systems, and Off-Highway. These business units are responsible for the development and delivery of specialized niche products with focus on innovation and customer benefits. The Company has more than 27 production facilities worldwide.
Financial summary
BRIEF: For the nine months ended 30 September 2021, Kongsberg Automotive ASA revenues increased 29% to EUR866.1M. Net income applicable to common stockholders totaled EUR14.1M vs. loss of EUR127.1M. Revenues reflect South America segment increase of 35% to EUR13.5M. Net Income reflects Foreign Currency Gain/Loss increase from EUR17.3M (expense) to EUR7.4M (income), Interest Expenses decrease of 50% to EUR5.8M (expense).
Equity composition
05/2008, Rights Issue @ NOK 27 (Factor: 1.036497). Event terms to follow. 9/2009, Rights Issue, 3 new shares for every 1 share held @ NOK 4 (Factor: 1.5567). 5/22/2020 Rights issue same stock / Non renounceable 2/2021, 1-for-10 reverse stock split (Factor: 0.1 ).
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