Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Transcripts
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Kongsberg Automotive ASA: Kongsberg Automotive announced a 10% buy back of shares at their Capital Markets Day

Kongsberg Automotive
Read the release

In order to ensure that no one has managed to miss the salient points of your excellent presentation, I would like to include the following text in the stock exchange notice with the link to the recording:

Kongsberg Automotive has today held its Capital Markets Day, where CEO Joerg Buchheim and CTO Dr Christian Amsel presented the company's plans for the future.

Key highlights of the presentation were:
  • The Shift Gear program is progressing well, has helped to offset effects of the supply chain situation, and is laying the foundation for improved future profitability.
 
  • The divestments announced in October are expected to close towards the end of the first quarter, at which point the proceeds will be used to buy back 10% of the company's shares, reduce outstanding debt, and invest in new technology and innovation.
 
  • The portfolio transformation will reduce the company's exposure to highly volatile passenger car segment, focusing further on specialty products, commercial vehicles and new adjacent product areas.

The presentation is attached, and a recording of the event is here: Link (https://sdk.companywebcast.com/sdk/player/?id=hegnarmedia_20211209_1&customBtnColor=da7038,674429)

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.