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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Q1 2020 Kongsberg Automotive ASA Earnings Call Transcript

Apr 23, 2020 / 07:00AM GMT
Release Date Price: kr9.43 (-1.14%)
Operator

Good morning, and welcome to the Kongsberg Automotive ASA First Quarter 2020 Earnings Conference Call. With me today, I have the President and CEO, Henning Jensen; and CFO, Norbert Loers.

With that, I would like to hand it over to you, Henning.

Henning Eskild Jensen
Kongsberg Automotive ASA - CEO & President

Thank you, operator, and welcome to our Q1 2020 earnings call. Let's get going right at it and start with Slide #3. I think we're all aware of the coronavirus, and not just aware, but we're sort of feeling it in our personal lives as far as limited freedoms, as far as movement, as far as social distancing, as far as home offices and, unfortunately, also as far as factories that are shut down in many industries across the world.

Obviously, this is also hitting the automotive industry hard, and I would almost say that it's hitting us harder than most. The rationale for that is that the automotive industry has complex supply chains, which are very global in nature. And as such, the whole industry is very dependent on such supply chains

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