Kongsberg Automotive

Kongsberg Automotive reports Q2 2017 results

The Q2 2017 Report follows attached.

Second quarter 2017 highlights include:

· Revenues were MEUR 268.1 in the second quarter, MEUR 27.1 (11.2%) above the

second quarter last year, including positive currency translation effects of

MEUR 0.6.

· Adjusted EBIT amounted to MEUR 13.9 in the second quarter, MEUR 4.9 (54.8%)

above the second quarter last year.

· During the second quarter the closure of the Basildon plant (UK) was

completed.

· Annualized business wins in the second quarter amounted to MEUR 70 bringing

the total business wins for the last twelve months to MEUR 290.

· The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of second

quarter excluding discontinued operations.

Investors /analysts:

Norbert Loers, Chief Financial Officer: +41 43 508 6559

CORPORATE COMMUNICATIONS:

Anke Niemann +41 43 508 6561

Fredrik Tangeraas +47 982 14 021

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable and sustainable. With revenues of around EUR 1.0 billion and 10.000

employees in 18 countries, Kongsberg Automotive is truly a global supplier. The

company is headquartered in Switzerland and has 30 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

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable and sustainable. With revenues of close to EUR 1.0 billion and

approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a

global supplier. The company is headquartered in Kongsberg, Norway and has 32

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

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