Update: Making steady progress
Kongsberg Automotive (KA) has delivered a set of Q2 results that demonstrates the ongoing progress in operational efficiency, good new order flow and a focus on driving top-line growth through innovation. While there remain regional differences in global production growth across both light and commercial vehicles, we believe KA is positioning itself through its R&D programme to capitalise on structural changes. We expect a slower H2, as is traditional due to summer shutdowns, and maintain full year forecasts.Kongsberg Automotive develops, manufactures and sells products to the automotive industry worldwide. The product portfolio includes seat comfort systems, driveline related systems, fluid assemblies, and industrial driver-interface products developed for vehicle manufacturers. Co.'s business area focus on interior, which provides safety and comfort related products; driveline, which provides gear shift systems for light duty vehicles; fluid transfer, which provides fluid handling systems for commercial vehicles and passenger cars; and driver control, which provides driver control systems and chassis related products to commercial vehicles, outdoor power equipment and recreational products.
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