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As a consequence of the acquisition of GMS Kongsberg Automotive increased its revenue in first half year to MEUR 518,0 from MEUR 202,8 in comparable period 2007. The first half year is characterized by growth i Europe and Asia and a declining North American market.
EBITDA in the first half year 2008 was MEUR ,47,2 versus MEUR 22,8 i same period 2007.
Net profit for the first half year was 5,9 MEUR..
More details for 1st half year and 2nd quarter are given in the enclosed quarterly report. Press conference will be held on 18th of July at 0830 CET at Høyres Hus, Stortingsgt 20, Oslo. The presentation can be viewed via webcast on the companies web pages www.kongsbergautomotive.com where also the presentation material will be published.
Kongsberg 17.07.2008 Board of Directors of Kongsberg Automotive Holding ASA
For further information CEO Olav Volldal, tlf +47 982 14 014 CFO Trond Stabekk, tlf +47 982 14 054
