Kongsberg Automotive Holdings ASA (LTS:0HW0)
kr 1.37 0 (0%) Market Cap: 1.39 Bil Enterprise Value: 2.75 Bil PE Ratio: 0 PB Ratio: 0.49 GF Score: 57/100
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Q2 2019 Kongsberg Automotive ASA Earnings Call Transcript

Jul 26, 2019 / 07:00AM GMT
Release Date Price: kr65.85 (-8.09%)
Operator

Good day, and welcome to the Kongsberg Automotive Q2 2019 Earnings Announcement Conference Call.

At this time, I would like to turn the conference over to Mr. Henning Jensen, President and CEO. Please go ahead, sir.

Henning Eskild Jensen
Kongsberg Automotive ASA - CEO & President

Thank you, operator. And welcome to our conference call for the Q2 or second quarter of 2019 earnings call.

I'll dive right into the slide package, which has also been published on the web. So for those of you following us, you can look up that presentation there.

If we set straight to Slide 2, which are the highlights on the quarter. From a revenue standpoint, year-over-year, we grew by EUR 6 million to a total revenue for the quarter of EUR 294 million. That includes EUR 4 million worth of favorable FX effects. I think the big comment to make relating to our revenues is the general market is declining, as I think we've all observed in various publications. If we look at the passenger car market, in terms of unit production for the quarter, that

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