Kongsberg Automotive’s Q3 revenue up 10.3% y/y to USD284 million
Company expects EUR260 million in fourth quarter
Kongsberg Automotive reported 10.3% year-over-year (y/y) increase in revenue to EUR240.7 million (USD284 million as on 30 September 2017) for the third quarter ended 30 September 2017, according to the company’s press release last week. Higher revenue helped the company to record 64.3% y/y growth in EBITDA to EUR11.5 million; EBITDA margin increased to 4.8% from 3.2% a year earlier.
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