Kongsberg Automotive

Earnings Release • Jan 29, 2021

Kongsberg Automotive Trading Update Q4 2020

KongsbergAutomotive expects revenues for the last quarter Q4 2020 of approx. MEUR299, an adj. EBITof approx. MEUR23 and a negative free cash flow of MEUR6. New Business Wins amount to MEUR87 annualized revenues, and MEUR471 lifetime revenues.

2019 Q4 revenues were MEUR281, adj. EBITwas MEUR15 and free cash flow MEUR1. New Business Wins amounted in Q4 2019 to MEUR89 annualized revenues, and MEUR427 lifetime revenues.

For the full year 2020, the company expects revenues of approx. MEUR969, an adj. EBITof approx. MEUR11 and a negative free cash flow of MEUR40. New Business Wins amount for 2020 to MER282 annualized revenues, and MEUR1.346 lifetime revenues.

In 2019 KA reported full year revenues of MEUR1.161, adj. EBITof MEUR71 and a negative free cash flow of MEUR44. New Business Wins amounted in full year 2019 to MER330 annualized revenues, and MEUR1.527 lifetime revenues.

All 2020 figures are still unaudited, under review and subject to potential revisions.

KongsbergAutomotive will release its Q4 2020 report on February 26th, 2021.

The company will host an earnings conference call for investors, analysts and media at 9:00 – 11:00 CET, on February 26th, 2021, which will include a review of the Q4 2020 presentation led by the Co-CEOs Norbert Loers and Robert Pigg. After the review, we will present an updated Investor Presentation including a 2021 full year outlook. Listeners will have the opportunity to ask questions to the presenters. The Q4 earnings call and the updated investor presentation will be available via web and audio.

KA Investor Relations, corporate.communications@ka-group.com

This information is published pursuant to the requirements set out in the Continuing obligations.

KongsbergAutomotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. Approximately 11.000 employees in 19 countries, KongsbergAutomotive is truly a global supplier. The company has more than 25 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers.

Find more information at www.kongsbergautomotive.com