Kongsberg Automotive

KONGSBERG AUTOMOTIVE REPORTS Q3 2021 RESULTS

Zurich, October 29, 2021: Kongsberg Automotive ASA has today published its

interim report for the third quarter 2021. The company will host an earnings

conference call today at 09:00 CET.

Highlights of the third quarter:

· Revenues came in at MEUR 267.4, MEUR 12.2 (+4.8%) higher than last year's

third quarter, including positive currency translation effects of MEUR 3.1.

· Adjusted EBIT amounted to MEUR 5.7, which was MEUR 8.2 lower than in Q3

2020. This was due to significantly increased cost of raw materials, electronic

components and freight.

· Lifetime revenues business wins in the third quarter amounted to MEUR 422.1

(MEUR 108.9 in annualized revenue).

· The adjusted gearing ratio (NIBD/adj. EBITDA) on LTM basis improved to 2.8

compared to 5.8 in Q3 2020.

· Positive operating cash flow of MEUR 23.3 contributed to the increase in

cash of MEUR 6.1 in Q3 2021, resulting in total cash and cash equivalents of

MEUR 81.3 at the end of the quarter.

The Q3 earnings presentation will be available via webcast. The following link

includes registration and multiple options to access the webcast:

https://globalmeet.webcasts.com/starthere.jsp?ei=1412818&tp_key=18fd8053f8 (https

://secure-web.cisco.com/1Sf62BEJvZYemMiXf-HvPnhNUrqS7x

-tDrtfD7AaaweH9Mw1URP5Td5vzfM3M4ZCV6gzn94DHxb7PJje8Mxqvjo5tOGK6lipcE3FdmCaNS

-ifRD4vvzztWrBAwtFgUiVHraSd5Q6uIeNZy

-zp9jtoHbL6uyIUQfRjIKKScEee0DbF1gBxQVJ3nr4BxYtq3Qgc6Ww62YUo6c6ko2mG4YjoqDevp5qc8w

XTnbZ0GeMkGpmPUzNxY7O3DtQ9G8vCJKFJCuAfgpgpGjUDPyYWJ9_oMajJDxHI4r8E4R4Kf9y-wAr

-sTx

-agggtOBr8Gu2PYen/https%3A%2F%2Fglobalmeet.webcasts.com%2Fstarthere.jsp%3Fei%3D14

12818%26tp_key%3D18fd8053f8)

For more information, contact:

Investor/analyst contact

Jakob Bronebakk

+47 906 39 637

About Kongsberg Automotive ASA

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 approximately 11,000 employees in 19

countries, Kongsberg Automotive is truly a global supplier. The company has more

than 27 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.

AI Terminal