Kongsberg Automotive (KOA) DNB Carnegie Conference presentation summary

Company overview and market position

• Operates in 17 countries with 22 plants and a global workforce of 4,291, serving agriculture, construction, commercial, and passenger vehicle segments.

• Trusted supplier to leading OEMs across commercial, off-highway, and passenger vehicle markets, including Volvo, Caterpillar, Daimler, and Tesla.

• Headquartered in Norway, listed on the Oslo Stock Exchange, with 2025 revenues projected at €713M.

• History of strategic acquisitions and international expansion since its founding in 1987, with origins dating back to 1957.

Recent performance and challenges

• Faced weak financial performance in recent years due to ineffective structure, insufficient execution, and high overhead costs.

• EBIT margins declined, with share price under pressure from 2020 to 2024.

• Recognized need for change, leading to leadership renewal and a new strategic direction.

Leadership renewal and turnaround strategy

• New board and executive team appointed in 2024–2025, bringing deep industry experience and a focus on execution.

• Turnaround program underway, emphasizing cost discipline, operational excellence, and a performance-driven culture.

• Strategic initiatives target innovation, growth, and customer-centricity.