Kongsberg Automotive

Kongsberg Automotive reports Q3 2017 results

The Q3 2017 Report follows attached.

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Third quarter 2017 highlights include:

Revenues were MEUR 240.7 in the third quarter, MEUR 22.4 (10.3%) above the third

quarter last year, including negative currency translation effects of MEUR 5.2.

Adjusted EBIT amounted to MEUR 7.7 in the third quarter, MEUR 7.1 above the

third quarter last year.

During the third quarter, KA announced the closure of the Easley facility in the

United States.

Annualized business wins in the third quarter amounted to MEUR 61.9 bringing the

total annualized business wins for the last twelve months to MEUR 286.1.

The adjusted gearing ratio (NIBD/EBITDA) was 2.5 at the end of third quarter

excluding discontinued operations.

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You can access the Earnings Call using the following link:

https://secure-web.cisco.com/1

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casts.com%2Fstarthere.jsp%3Fei%3D1166286%26tp_key%3D9f2e2d1875

Contacts:

Norbert Loers, CFO

Phone: +41 43 508 6559

Hallstein Kvam Oma, Investor Relations

Phone: +41 43 508 8963

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 18 countries, Kongsberg Automotive is truly a

global supplier. The company is headquartered in Kongsberg, Norway 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

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