Kongsberg Automotive Holding ASA (KGAUF) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kongsberg Automotive reports a positive EBIT of MEUR 6.4 in Q2 2024, marking a significant improvement from the previous year’s loss, despite a challenging automotive market. The company achieved a record high book-to-bill ratio of 2.1 and secured MEUR 695 in New Business Wins for the quarter, leading to an upward adjustment of their full-year guidance. They’ve also successfully completed a refinancing strategy, reestablished their headquarters in Norway, and remain optimistic due to their strong order book.
For further insights into KGAUF stock, check out TipRanks’ Stock Analysis page.
