Kongsberg Automotive

Kongsberg Automotive presents long-term EBIT target following strategy review at Capital Markets Day

Kongsberg, December 16, 2025: Kongsberg Automotive ASA (KA) has conducted a

review of its strategy and presents an updated long-term target at its Capital

Markets Day (CMD) today. The company has set a long-term EBIT target of 6.5%,

based on the current revenue level and identified improvement initiatives.

The company has implemented significant organizational and leadership changes to

strengthen execution, reduce overhead, and improve cost efficiency. Cost

reduction programs delivering annual savings of EUR 42 million are being

implemented, and additional measures are underway to align the cost base with

market conditions.

KA is investing in innovation and growth, with a clear ambition to be a leading

player in its core areas. At the CMD, KA presents three of the key product lines

that will provide profitability and growth in the future: Actuators for

commercial vehicles, Steer-by-Wire for passenger cars and Air Couplings for

commercial vehicles.

The company will continue to focus on rebuilding the KA culture, drive cost and

operational performance and accelerate innovation and growth.

CMD will start at 09:30 CET today, December 16, 2025. A recording of the event

will be made available on the company's website after the event.

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

Investor relations contact:

Erik Magelssen - Chief Financial Officer

+47 928 88 728

Media contact:

Therese Sjöborg Skurdal - Director Group Marketing and Communications

+47 982 14 059

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

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