Announcement • May 23
Kongsberg Automotive ASA Appoints Bjørn Eldar Petersen to the Board of Directors Kongsberg Automotive ASA at its Annual General Meeting held on May 21, 2026 announced that one new member, nominated by the Nomination Committee in its proposal of April 13, 2026, was elected to the Board. Following the election, the Board of Directors of elected Bjørn Eldar Petersen to the board of directors. New Risk • May 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 05
Consensus EPS estimates increase by 27%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €751.9m to €743.5m. EPS estimate rose from €0.01 to €0.013. Net income forecast to grow 7,400% next year vs 49% growth forecast for Auto Components industry in Norway. Consensus price target broadly unchanged at kr2.09. Share price fell 3.0% to kr1.98 over the past week. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: €0 (vs €0.018 loss in FY 2024) Full year 2025 results: EPS: €0 (improved from €0.018 loss in FY 2024). Revenue: €712.8m (down 9.6% from FY 2024). Net income: €200.0k (up €18.4m from FY 2024). Profit margin: 0% (up from net loss in FY 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 27
Full year 2025 earnings released Full year 2025 results: Revenue: €715.0m (down 9.3% from FY 2024). Net income: €200.0k (up €18.4m from FY 2024). Profit margin: 0% (up from net loss in FY 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 1.0% decline forecast for the Auto Components industry in Europe. New Risk • Jan 08
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Dec 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to kr2.04. The fair value is estimated to be kr1.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Dec 15
Kongsberg Automotive ASA, Annual General Meeting, May 21, 2026 Kongsberg Automotive ASA, Annual General Meeting, May 21, 2026. Recent Insider Transactions • Dec 10
Chair of the Board recently bought kr315k worth of stock On the 8th of December, Olav Volldal bought around 150k shares on-market at roughly kr2.10 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Olav has been a buyer over the last 12 months, purchasing a net total of kr888k worth in shares. Buy Or Sell Opportunity • Dec 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to kr2.08. The fair value is estimated to be kr1.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Recent Insider Transactions • Aug 14
President & CEO recently bought kr628k worth of stock On the 12th of August, Trond Fiskum bought around 400k shares on-market at roughly kr1.57 per share. This transaction amounted to 80% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr761k. Trond has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. Announcement • Aug 13
Kongsberg Automotive ASA (OB:KOA) exercised an option to acquire remaining 75% stake in Chassis Autonomy SBA AB. Kongsberg Automotive ASA (OB:KOA) exercised an option to acquire remaining 75% stake in Chassis Autonomy SBA AB on August 12, 2025. The transaction is expected to close this week. Announcement • Aug 12
Kongsberg Automotive ASA Provides Earnings Guidance for the Year 2025 and 2026 Kongsberg Automotive ASA provided earnings guidance for the year 2025 and 2026. For the year 2025, the company expects revenues are expected to decline compared to H1 2025 and H2 2024 due to continued softness in market demand, particularly in North America.
The market outlook for 2026 is positive. Announcement • Jun 11
Kongsberg Automotive Appoints Thomas Danbolt as Executive Vice President of Flow Control Systems Business Area, Effective Date Is October 1, 2025 Kongsberg Automotive (KA) announced the appointment of Thomas Danbolt as Executive Vice President (EVP) of the Flow Control Systems (FCS) business area. Thomas will start no later than October 1, 2025, and will be based at KA's Raufoss facility, Norway. Thomas brings valuable experience from KA as Plant Manager at the Raufoss facility. He has held various leadership positions in Nammo and currently serves as the Managing Director at Saferoad Traffic. Thomas has a proven track record in change management, organizational development, and profitability improvement. He holds a Bachelor's Degree in Electrical Engineering from Gjovik University College and is a graduate of the Norwegian Military Academy. Thomas will start as soon as possible after fulfilling his existing obligations under his current employment contract. As previously announced, David Berne is currently serving as interim EVP FCS and will continue in this role until Thomas takes office. Recent Insider Transactions • May 27
Director recently bought kr127k worth of stock On the 23rd of May, Synnøve Gjønnes bought around 80k shares on-market at roughly kr1.59 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth kr761k. Insiders have collectively bought kr2.0m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 18
Insider recently bought kr761k worth of stock On the 15th of May, Trond Fiskum bought around 500k shares on-market at roughly kr1.52 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.9m more in shares than they have sold in the last 12 months. Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: Revenue: €190.1m (down 12% from 1Q 2024). Net loss: €2.20m (loss widened 450% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Board Change • Apr 17
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Chair of the Board Olav Volldal was the last director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Mar 30
Full year 2024 earnings released: €0.018 loss per share (vs €0.059 loss in FY 2023) Full year 2024 results: €0.018 loss per share (improved from €0.059 loss in FY 2023). Revenue: €788.2m (down 11% from FY 2023). Net loss: €18.2m (loss narrowed 69% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Mar 27
Kongsberg Automotive ASA Announces CFO Changes Erik Magelssen has been appointed as the new CFO of Kongsberg Automotive ASA. Magelssen was KA's CFO from 1999-2006, where he led three major acquisitions and two refinancing processes. KA achieved significant growth in revenue and profitability in this period, both organically and through successfully integrated acquisitions. He also successfully led KA through its initial public offering in 2005. With a career spanning more than three decades, Magelssen has since August 2023 held interim CFO positions, now latest at Hoff SA within the food industry. Prior to this, Magelssen joined Vow ASA as CFO (2016-June 2023). During his tenure, he successfully managed Vow ASA's transition to the Oslo Stock Exchange in 2019 and played a key role in the company's strong expansion and financial growth, managing strategic acquisitions, and leading major refinancing initiatives. Magelssen has also held CFO roles in PM Retail AS (2013-2015) and VIA Egencia AS (2007-2013). In this period VIA Egencia experienced significant growth in revenue and profitability, both from add-on acquisitions and organic growth. Magelssen holds a CPA from Norges Handelshøyskole, a BA (with first class honors) from Heriot Watt University, UK, executive education from Harvard Business School, USA, and attended the Norwegian Naval Officers Academy. Magelssen will take office from June 1, 2025, and will be based in KA's headquarters at Kongsberg, Norway. As part of a strategic decision to move the CFO function to Kongsberg, the BoD takes this opportunity to thank Christian Johansson for his positive contribution as CFO since June 2024, and as interim President & CEO since late January 2025. Johansson will continue in his position as CFO until Magelssen is ready to take over and will thereafter support in a transition period. Reported Earnings • Feb 27
Full year 2024 earnings released: €0.02 loss per share (vs €0.059 loss in FY 2023) Full year 2024 results: €0.02 loss per share (improved from €0.059 loss in FY 2023). Revenue: €793.2m (down 10% from FY 2023). Net loss: €18.3m (loss narrowed 69% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Dec 20
Kongsberg Automotive ASA Approves Board and Committee Changes Kongsberg Automotive ASA announced that at its EGM held on 20 December 2024, the following persons were elected as new members of the board of directors: Olav Volldal, Bard Klungseth and Synnove Gjonnes. Peter Thostrup, Erik Volden and Christina Hallin resign from their current positions in the Board upon such election. The following persons were elected as new members of the Nomination Committee: Arild Christoffersen, chair; Endre Koldbjornsen, member. Lasse Johan Olsen and Dag Erik Rasmussen resign from their current positions in the Nomination Committee upon such election. Following the election, the Nomination Committee comprises the following members: Arild Christoffersen, chair; Endre Koldbjornsen, member and Tore Vik, member. Announcement • Dec 17
Kongsberg Automotive ASA to Report Q3, 2025 Results on Nov 05, 2025 Kongsberg Automotive ASA announced that they will report Q3, 2025 results on Nov 05, 2025 Reported Earnings • Nov 06
Third quarter 2024 earnings released: €0.01 loss per share (vs €0.005 profit in 3Q 2023) Third quarter 2024 results: €0.01 loss per share (down from €0.005 profit in 3Q 2023). Revenue: €181.6m (down 18% from 3Q 2023). Net loss: €8.30m (down 243% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Kongsberg Automotive ASA, Annual General Meeting, May 23, 2025 Kongsberg Automotive ASA, Annual General Meeting, May 23, 2025. Announcement • Nov 02
Kongsberg Automotive ASA Revises Earnings Guidance for the Full Year 2024 Kongsberg Automotive ASA revised earnings guidance for the full year 2024. For the year, the company revised revenues in the range of EUR 760 million to EUR 790 million (previous EUR 790 million to EUR 830 million) and EBIT of EUR 18 million to EUR 23 million (previous EUR 28 million to EUR 35 million), reflecting the lower revenue, non-recurring costs related to overhead cost reductions and higher-than-expected warranty costs. New Risk • Sep 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.7% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). Recent Insider Transactions • Sep 10
Chief Financial Officer recently bought kr146k worth of stock On the 5th of September, Christian Johansson bought around 100k shares on-market at roughly kr1.46 per share. This transaction increased Christian's direct individual holding by 1x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr714k. This was Christian's only on-market trade for the last 12 months. Recent Insider Transactions • Aug 14
Director recently bought kr714k worth of stock On the 9th of August, Brian Kristoffersen bought around 510k shares on-market at roughly kr1.40 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.0m more in shares than they have sold in the last 12 months. Reported Earnings • Aug 09
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €209.5m (down 7.1% from 2Q 2023). Net income: €3.70m (up €25.6m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). Announcement • Aug 08
Kongsberg Automotive ASA Updates Earnings Guidance for the Full Year 2024 Kongsberg Automotive ASA updated earnings guidance for the full year 2024. For the period, the company based on these recent market developments the company is adjusting 2024 full year revenue guidance to the range of EUR 790 million - EUR 830 million (previous EUR 830 million - EUR 880 million). Announcement • May 29
Kongsberg Automotive ASA Announces Chief Financial Officer Changes Kongsberg Automotive (KA) has appointed Christian Johansson as new CFO, effective June 3, 2024. He succeeds Frank Heffter, who has decided to leave KA to pursue opportunities outside the organization. Johansson has over 30 years of extensive international experience in global industrial and automotive companies, including over a decade-long senior leadership role at Volvo Group as the CFO of Volvo Trucks. Johansson is currently the interim Group CFO of Colmec Group and recently served as Group CFO for Lantmännen, SKF Group, and Gunnebo. He holds an MBA from Stockholm University and an AMP from INSEAD. Announcement • May 09
Kongsberg Automotive ASA Reiterates Earnings Guidance for the Full Year 2024 Kongsberg Automotive ASA reiterated earnings guidance for the full year 2024. For the period, the company expects revenue of EUR 830 million to EUR 880 million and EBIT of EUR 34 million to EUR 44 million. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0 (vs €0.02 loss in 1Q 2023) First quarter 2024 results: EPS: €0 (improved from €0.02 loss in 1Q 2023). Revenue: €214.9m (down 6.2% from 1Q 2023). Net loss: €400.0k (loss narrowed 98% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Board Change • Mar 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Chairman of the Board Peter Thostrup was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 14
Kongsberg Automotive ASA Provides Earnings Guidance for the Full Year 2024 Kongsberg Automotive ASA provided earnings guidance for the full year 2024. For the period, the company expects revenue of EUR 830 million to EUR 880 million and EBIT of EUR 34 million to EUR 44 million. Announcement • Mar 02
Kongsberg Automotive ASA Appoints Eduardo Pamies as Executive Vice President for the Flow Control Systems Business Area Kongsberg Automotive (KA) has appointed Eduardo Pamies as the Executive Vice President (EVP) for the Flow Control Systems (FCS) business area, effective March 1, 2024. Pamies has served as the interim head of FCS since August 2023. Pamies joined KA in 2011 as a General Manager in Epila, Spain. In 2016, he took on the role of Vice President of Fluid Transfer Systems (FTS), Sales and Marketing, and was appointed VP of FTS, Europe in 2017. Before KA, Pamies held several senior leadership roles in Johnson Controls and Valeo. He holds a Master's Degree in Industrial Engineering from the University of Zaragoza, Spain, and has also completed an Advanced Management Program from IESE Business School in Spain. Announcement • Jan 09
Kongsberg Automotive Appoints Henrik Ruud as the Executive Vice President (EVP) for Information Systems & Technology Kongsberg Automotive (KA) has appointed Henrik Ruud as the Executive Vice President (EVP) for Information Systems & Technology (IS&T), effective Jan 1, 2024. Ruud joined KA in 1996 and has, since March 2023, served as KA's interim EVP for IS&T. Before transitioning to IS&T, Ruud held various positions within Finance at KA, both in Sweden and the United Kingdom. With this appointment, Ruud joins KA's Global Leadership Team and will continue to bebased in Kongsberg, Norway. New Risk • Dec 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.1% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Significant insider selling over the past 3 months (kr661k sold). Recent Insider Transactions • Dec 05
Director recently bought kr199k worth of stock On the 1st of December, Erik Volden bought around 100k shares on-market at roughly kr1.99 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold kr1.1m more in shares than they bought in the last 12 months. Announcement • Nov 30
Kongsberg Automotive ASA (OB:KOA) acquired Skriverform As. Kongsberg Automotive ASA (OB:KOA) signed an agreement to acquire Skriverform As on November 8, 2023. The transaction is expected to close before the end of 2023.Kongsberg Automotive ASA (OB:KOA)completed the acquisition of Skriverform As on November 29, 2023. Recent Insider Transactions • Nov 28
Executive Vice President of Purchasing recently sold kr661k worth of stock On the 22nd of November, Dzeki Mackinovski sold around 309k shares on-market at roughly kr2.14 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr1.1m. Insiders have been net sellers, collectively disposing of kr1.2m more than they bought in the last 12 months. Announcement • Nov 23
Kongsberg Automotive ASA (OB:KOA) commences an Equity Buyback Plan for 95,142,313 shares, representing 10% of its issued share capital, under the authorization approved on Kongsberg Automotive ASA (OB:KOA) commences share repurchases on November 17, 2023, under the program mandated by the shareholders in the Annual General Meeting held on June 6, 2023. As per the mandate, the company will repurchase up to 95,142,313 shares, representing 10% of its issued share capital. The company cannot acquire treasury shares if the aggregate nominal value of the portfolio of treasury shares after the acquisition exceeds 10% of the company's valid share capital at any given time. The shares will be repurchased at a price ranging between NOK 1 and NOK 15 per share. The program shall expire at the conclusion of the next Annual General Meeting in 2024, or June 30, 2024, at the latest. As at June 6, 2023, the company has 951,423,131 issued shares and 3,556,445 treasury shares.
On November 7, 2023, the company announces a share repurchase program. Under the program, the company will repurchase up to 2.5% of its issued share capital, for €4.2 million. The purpose of the program is to reduce the share capital of the company. The company entered into an agreement with Danske Bank Group, to repurchase its own shares. The repurchases will commence on November 15, 2023, and will be valid till March 15, 2024. Announcement • Nov 15
Kongsberg Automotive ASA, Annual General Meeting, Jun 30, 2024 Kongsberg Automotive ASA, Annual General Meeting, Jun 30, 2024. Announcement • Nov 09
Kongsberg Automotive ASA Reiterates Earnings Guidance for the Full Year 2023 Kongsberg Automotive ASA reiterated earnings guidance for the full year 2023. For the period, the company expects revenue of EUR 880 million - EUR 900 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: €0.01 (vs €0.007 in 3Q 2022) Third quarter 2023 results: EPS: €0.01. Revenue: €220.7m (down 10% from 3Q 2022). Net income: €5.80m (down 31% from 3Q 2022). Profit margin: 2.6% (down from 3.4% in 3Q 2022). Announcement • Nov 07
Kongsberg Automotive ASA to Report Q4, 2023 Results on Mar 12, 2024 Kongsberg Automotive ASA announced that they will report Q4, 2023 results on Mar 12, 2024 Recent Insider Transactions • Sep 23
Executive Vice President of Purchasing recently sold kr1.1m worth of stock On the 20th of September, Dzeki Mackinovski sold around 509k shares on-market at roughly kr2.26 per share. This transaction amounted to 60% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr1.5m more than they bought in the last 12 months. Announcement • Sep 12
Kongsberg Automotive Secures a Contract Worth over EUR 73 Million for a New Product Designed and Developed In-House Kongsberg Automotive (KA) was awarded a contract for a new product--the Dog Clutch Actuator (DCA), designed for a four-speed electric axle used in heavy-duty trucks. The contract is worth EUR 73.4 million in estimated lifetime revenue. The DCA, developed by KA, is designed for gear shifting and de-coupling applications for multi-speed electric axles for Hybrid, Battery Electric, and Fuel Cell Electrical Vehicle applications, ranging from passenger cars to heavy-duty commercial vehicles. The product has a compact design--it requires less packaging space and offers the potential to reduce the complexity of transmission systems of electric axles. With the integrated shift fork and the possibility of providing locking detent functions in combination with responsive performance, KA plans to take a leading position in this product market. This eight-year contract is for a leading global automotive Tier 1 supplier. Production starts in 2023, and KA's Wuxi, China facility will manufacture and supply this product. Recent Insider Transactions • Aug 26
Executive Vice President of Purchasing recently sold kr682k worth of stock On the 24th of August, Dzeki Mackinovski sold around 300k shares on-market at roughly kr2.27 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr478k more than they bought in the last 12 months. Reported Earnings • Aug 09
Second quarter 2023 earnings released: €0.02 loss per share (vs €0.003 loss in 2Q 2022) Second quarter 2023 results: €0.02 loss per share (further deteriorated from €0.003 loss in 2Q 2022). Revenue: €225.5m (flat on 2Q 2022). Net loss: €21.9m (loss widened €19.1m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 09
CEO & President recently bought kr1.2m worth of stock On the 7th of July, Joerg Buchheim bought around 473k shares on-market at roughly kr2.50 per share. This transaction increased Joerg's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Joerg has been a buyer over the last 12 months, purchasing a net total of kr1.8m worth in shares. Announcement • Jun 20
Kongsberg Automotive ASA (OB:KOA) entered into a non-binding agreement to acquire 20% stake in Chassis Autonomy SBA AB. Kongsberg Automotive ASA (OB:KOA) entered into a non-binding agreement to acquire 20% stake in Chassis Autonomy SBA AB on June 19, 2023. The legally binding agreement for transaction is anticipated to be finalized by Q3, 2023. Announcement • May 10
Kongsberg Automotive Asa Provides Earnings Guidance for the Full Year 2023 Kongsberg Automotive ASA provided earnings guidance for the full year 2023. For the period, the company expected revenue of EUR 880-900 million. Reported Earnings • May 09
First quarter 2023 earnings released: €0.02 loss per share (vs €0.002 profit in 1Q 2022) First quarter 2023 results: €0.02 loss per share (down from €0.002 profit in 1Q 2022). Revenue: €229.1m (up 4.7% from 1Q 2022). Net loss: €17.0m (down €18.7m from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
Full year 2022 earnings released Full year 2022 results: Revenue: €949.8m (up 14% from FY 2021). Net income: €20.6m (down 27% from FY 2021). Profit margin: 2.2% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to kr2.56, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 14x in the Auto Components industry in Europe. Total loss to shareholders of 32% over the past three years. Recent Insider Transactions • Feb 12
Employee Representative Director recently sold kr61k worth of stock On the 9th of February, Bjørn Ødegård sold around 20k shares on-market at roughly kr3.03 per share. This transaction amounted to 91% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought kr668k more than they sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr3.09, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 16x in the Auto Components industry in Europe. Total loss to shareholders of 68% over the past three years. Board Change • Dec 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Emese Weissenbacher was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €225.6m (down 24% from 2Q 2021). Net loss: €2.80m (loss widened 75% from 2Q 2021). Over the last 3 years on average, the company's earnings growth rate has exceeded its share price growth rate by 1 percentage points per year. Recent Insider Transactions • Aug 10
CEO & President recently bought kr635k worth of stock On the 9th of August, Joerg Buchheim bought around 250k shares on-market at roughly kr2.54 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr1.0m. This was Joerg's only on-market trade for the last 12 months. Board Change • Jun 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Emese Weissenbacher was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to kr2.47, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 13x in the Auto Components industry in Europe. Total loss to shareholders of 97% over the past three years. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.027 (up from €0.11 loss in FY 2020). Revenue: €831.5m (up 21% from FY 2020). Net income: €28.1m (up €87.0m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 7 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 10
Insider recently sold kr111k worth of stock On the 3rd of December, Martina Schuele sold around 37k shares on-market at roughly kr3.02 per share. In the last 3 months, they made an even bigger sale worth kr579k. Despite this recent sale, insiders have collectively bought kr439k more than they sold in the last 12 months.