Kongsberg Automotive (KOA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 13.7% YoY to MEUR 185.2; currency-adjusted growth was 11.1%, led by commercial vehicles in North America.

• EBIT increased to MEUR 9.0 from MEUR 4.9, net profit to MEUR 6.4 from MEUR 1.6, and ROCE to 11.4% from 1.7%.

• Transformation measures improved profitability, capital efficiency and leverage; management expects profitability to continue improving.

Financial highlights

• Q3 EBIT margin rose to 4.8% from 3.0%; Q3 EBITDA was MEUR 16.6 versus MEUR 12.0, and adjusted EBITDA was MEUR 17.4 versus MEUR 13.5.

• Q3 net profit increased to MEUR 6.4 from MEUR 1.6; improved EBIT and a MEUR 3.4 positive currency variance supported the increase.

• Q3 net cash flow was MEUR +2.2 versus MEUR +6.6; YTD cash flow improved to MEUR +1.8 from MEUR -4.8.

• YTD revenue was MEUR 558.7 versus MEUR 545.3; EBIT was MEUR 26.5 versus MEUR 4.2, and net income was MEUR 16.8 versus a MEUR 2.6 loss.

• Higher material costs and tariffs pressured results; material costs were offset through cost reductions or customer price pass-throughs.

Outlook and guidance

• Profitability is expected to continue improving through operational improvements, cost reductions and a more efficient manufacturing footprint.

• Near-term conditions are cautiously positive, supported by stronger North American truck order intake and positive developments in Europe; geopolitical and trade uncertainties remain.

• Cluses restructuring is expected to deliver MEUR 4 savings in 2027 and MEUR 5 annually thereafter, with payback within two years.

• The opportunity pipeline remains solid; Q3 contract awards carried estimated lifetime revenue of MEUR 142.0.