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Kongsberg Automotive Holding ASA (KGAUF)
:KGAUF
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0Last Year’s EPS
-0.37Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 15.38%
|Next Earnings Date:Jul 27, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a company making strategic adjustments to navigate challenging market conditions. While there are significant achievements in cost savings and new business wins, these are countered by declines in revenue and increased warranty costs. The sentiment is mixed with positive steps toward long-term goals but immediate financial challenges.Company Guidance
In the Q3 2024 earnings call for Kongsberg Automotive, several key metrics and strategic initiatives were highlighted. The company's revenues for the quarter were EUR 181.6 million, reflecting a 16.9% decrease from Q3 2023 due to reduced customer volumes amidst softening global automotive markets. Despite this, Kongsberg Automotive reported an EBIT of EUR 1.1 million, with a year-to-date EBIT of EUR 17.6 million, resulting in an EBIT margin of 2.9%, up from 0.1% last year. The company has achieved overhead cost reductions of EUR 17 million for 2024 and announced additional savings of at least EUR 10 million expected to take full effect from Q3 2025. New business wins reached a record EUR 1.23 billion year-to-date, with a rolling four quarters book-to-bill ratio of 2.0. The company's revised full-year 2024 revenue guidance is EUR 760 million to EUR 790 million, with an updated EBIT guidance of EUR 18 million to EUR 23 million. Kongsberg Automotive aims for above EUR 1 billion in revenues and an EBIT margin of at least 8.5% by 2028, with 70% of anticipated 2028 revenues already secured. The company continues to focus on cost-efficient operations, organic growth, and higher-margin products, positioning itself for long-term profitability amidst current market uncertainties.Cost Savings and Operational Efficiency
Kongsberg Automotive has achieved overhead cost reductions of EUR 17 million in 2024 and announced additional savings of at least EUR 10 million with full effect from Q3 next year. These steps are aimed at maintaining efficiency, sustainability, and competitiveness.
Record New Business Wins
New business wins are at a record EUR 1.23 billion year-to-date, with a book-to-bill ratio of 2.0. This indicates strong market acceptance and alignment with customer needs.
Positive Cash Flow from Operations
Cash flow from operations is positive both in Q3 and year-to-date, reflecting the company's focus on cash generation and reduction of working capital.
EBIT Margin Improvement
Year-to-date EBIT is EUR 17.6 million, equaling an EBIT margin of 2.9%, up from 0.1% in the same period last year, driven by a significantly reduced cost base.
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Kongsberg Automotive Holding ASA (KGAUF) Earnings, Revenues Date & History
KGAUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KGAUF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $0.13 | $0.13 | 0.00% |
| Aug 08, 2024 | $0.15 | $0.13 | -13.33% |
| May 08, 2024 | $0.16 | $0.16 | 0.00% |
| Mar 12, 2024 | $0.16 | $0.14 | -12.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kongsberg Automotive Holding ASA (KGAUF) report earnings?
Kongsberg Automotive Holding ASA (KGAUF) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Kongsberg Automotive Holding ASA (KGAUF) earnings time?
Kongsberg Automotive Holding ASA (KGAUF) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KGAUF EPS forecast?
KGAUF EPS forecast for the fiscal quarter 2024 (Q4) is 0.
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