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09.07.25 - 07:01
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Invitation to Kongsberg Automotive′s Q2 2025 Earnings Call (Cision)
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Kongsberg, July 9, 2025: Kongsberg Automotive (KA) will release its Q2 2025 results on August 12, 2025, at approximately 07:00 CET.
President & CEO Trond Fiskum and CFO Erik Magelssen will present the results during a webcast at 09:00 CET and will host a Q&A session after the presentation.
The event will be hosted live via webcast: Kongsberg Automotive Q2 2025 Earnings Release (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250812_2)
The earnings release and presentation will be published on www.newsweb.no and on KA's website www.kongsbergautomotive.com. A recording of...
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03.07.25 - 10:36
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Kongsberg Automotive ASA – Vesting and exercise of Restricted Stock Units and Performance Stock Units by primary insiders (Cision)
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Kongsberg, July 3, 2025: Kongsberg Automotive releases 1.96 million treasury shares to settle the Long Term Incentive (LTI) 2022 Program. The LTI 2022 Program was approved in the General Annual Meeting on June 2, 2022.
Transactions of treasury shares related to the 2022 LTI vesting period will commence today. This includes primary insiders as well as non-primary insiders.
The following primary insiders will receive vested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) from the LTI Program:
Jon Munthe, primary insider and General Counsel has vested RSUs and PSUs...
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03.07.25 - 08:01
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Kongsberg Automotive announces EUR 15 million annual overhead cost reduction initiative (Cision)
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Kongsberg, July 3, 2025: Kongsberg Automotive (KA) has finalized an overhead cost reduction plan expected to yield annual savings of EUR 15 million. The initiative, announced during the company's Q1 presentation on May 7, 2025, is part of KA's efforts to improve financial performance. This overhead cost reduction initiative comes in addition to the previously announced cost adjustment program.
Approximately 150 positions will be affected by the ongoing plan. Implementation began in May 2025, with most actions scheduled for completion within this year. Some aspects of the program will...
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17.06.25 - 10:06
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Allgon group Appoints Linda Nyquist-Evenrud as New Group CEO (Cision)
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Allgon Group announces today the appointment of Linda Nyquist-Evenrud as the new Chief Executive Officer of Allgon Group. She will assume the role on September 1, 2025, succeeding Ola Samelius, who will retire in 2026 after many successful years with the company. The recruitment process began in the autumn of 2024 as part of the company's long-term strategic planning.
Linda most recently served as CEO of Kongsberg Automotive, where she had a long and successful career with over 15 years of experience in various leadership roles within the company's global organization. Since joining in 2008,...
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12.06.25 - 13:48
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Oppdatering vedrørende uakseptabelt videresalg av våre varer (Cision)
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Kongsberg, 12 juni 2025: Som tidligere informert, er Kongsberg Automotive (KA) blitt gjort kjent med at deler til kjøretøy produsert av selskapet har funnet veien til det russiske markedet gjennom videresalg i ettermarkedet. Dette videresalget er sterkt beklagelig, uakseptabelt og i strid med våre verdier.
Ansvarlighet, åpenhet og ærlighet er blant KAs kjerneverdier. KA tar ansvar og har erkjent at det er ting vi kunne gjort bedre og har igangsatt en rekke tiltak. Vi ønsker å dele erfaringene våre og de tiltakene vi har gjort i forbindelse med denne saken, med håp om at dette også kan...
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11.06.25 - 08:01
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Kongsberg Automotive appoints Thomas Danbolt as Executive Vice President of Flow Control Systems business area (Cision)
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Kongsberg, 11 June, 2025: Kongsberg Automotive (KA) is pleased to announce the appointment of Thomas Danbolt as Executive Vice President (EVP) of the Flow Control Systems (FCS) business area (BA). Thomas starts no later than October 1, 2025, and will be based at KA's Raufoss facility, Norway.
Thomas brings prior valuable experience from KA as Plant Manager at the key 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...
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02.06.25 - 08:06
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Kongsberg Automotive implements organizational and leadership changes aimed at improving business performance (Cision)
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Kongsberg, June 2, 2025: Kongsberg Automotive (KA) announces changes to the company's organizational and leadership structure, aimed at enhancing business performance, operational efficiency and accountability across the company.
Key changes include:
· Strengthening of the two business areas (BA) Drive Control Systems (DCS) and Flow Control Systems (FCS) to include full business and P&L responsibility with all key functions integrated. With the expanded scope of responsibility for the BA Executive Vice President (EVP) positions, we announce the following changes:
· EVP DCS...
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27.05.25 - 11:54
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Mandatory Notification of Trade - Primary Insiders (Cision)
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Kongsberg, May 27, 2025: Volldal Invest AS owned by Olav Volldal, Chairman and primary insider of Kongsberg Automotive ASA, has on May 27, 2025, purchased 357,232 shares in the company at an average price of NOK 1.604. After the purchase, Olav Volldal holds 400,000 shares in Kongsberg Automotive ASA.
This information was disclosed in accordance with Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
Media and Communications contact:
Therese Sjöborg Skurdal - Director Group Marketing and Communications
therese.skurdal@ka-group.com...
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23.05.25 - 13:07
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Mandatory Notification of Trade - Primary Insiders (Cision)
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Kongsberg, May 23, 2025: Edan Invest AS owned by Synnøve Gjønnes, Board member and primary insider of Kongsberg Automotive ASA, has on May 23, 2025, purchased 80,000 shares in the company at an average price of NOK 1.5919. After the purchase, Synnøve Gjønnes holds 80,000 shares in Kongsberg Automotive ASA.
This information was disclosed in accordance with Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
Media and Communications contact:
Therese Sjöborg Skurdal - Director Group Marketing and Communications
therese.skurdal@ka-group....
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23.05.25 - 12:48
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Annual General Meeting minutes (Cision)
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Oslo, May 23, 2025: Kongsberg Automotive ASA (KA) held its Annual General Meeting today.
At the General Meeting, all but one of the current members of KA's Board of Directors were re-elected. One new member, nominated by the Nomination Committee in its proposal of April 30, 2025, was elected to the Board.
Following the election, the Board of Directors of KA now consists of the following shareholder-elected members:
· Olav Volldal (re-elected)
· Bård Klungseth (re-elected)
· Synnøve Gjønnes (re-elected)
· Brian Kristoffersen (re-elected)
· Ulla-Britt Fräjdin-Hellqvist (...
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15.05.25 - 14:54
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Mandatory Notification of Trade - Primary Insiders (Cision)
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May 15, 2025: Trond Fiskum, President & CEO of Kongsberg Automotive ASA and a primary insider, has purchased 500,000 shares at an average price of NOK 1.522 per share. After this transaction, Trond Fiskum owns 500,000 shares in Kongsberg Automotive ASA.
This information was disclosed in accordance with Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
Media and Communications contact:
Therese Sjöborg Skurdal – Director Group Marketing and Communications
therese.skurdal@ka-group.com
+47 982 14 059
About Kongsberg Automotive...
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07.05.25 - 07:06
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Kongsberg Automotive wins a new contract worth approximately EUR 20 million in estimated lifetime revenue in fast-growing EV segment (Cision)
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Kongsberg, May 7, 2025: Kongsberg Automotive (KA) has won a new four-year contract worth approximately EUR 20 million in estimated lifetime revenue for its Dog Clutch Actuator (DCA).
The DCA, developed by KA, is designed for gear-shifting and decoupling applications for multi-speed transmissions, either electric axle or central drive for hybrid, battery electric, and fuel cell vehicle applications, ranging from passenger cars to heavy-duty commercial vehicles.
KA's Wuxi facility will manufacture and supply the product to a leading global Original Equipment Manufacturer (OEM) in the...
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30.04.25 - 07:06
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Kongsberg Automotive- Notice of the Annual General Meeting (Cision)
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Kongsberg Automotive ASA will hold its Annual General Meeting at 10:00 (CET) on May 23, 2025. The Notice for the Annual General Meeting with appendices is attached and will also be made available on the company's website: www.kongsbergautomotive.com.
The meeting will be conducted as a digital meeting only. Further information about digital attendance is included in the meeting Notice for the Annual General Meeting. This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.
Link for registration and voting proxy through...
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29.04.25 - 07:06
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Reminder: Invitation to Kongsberg Automotive′s Q1 2025 Earnings Call (Cision)
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Kongsberg, April 29, 2025: Kongsberg Automotive (KA) will release its Q1 2025 results on May 7, 2025, at approximately 07:00 CET.
President & CEO Trond Fiskum and CFO Christian Johansson will present the results during a webcast at 09:00 CET and will host a Q&A session after the presentation.
The event is open to the public and will be webcast live at: https://channel.royalcast.com/landingpage/hegnarmedia/20250507_4/ (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250507_4) .
The earnings release and presentation will be published on www.newsweb.no and on KA's website...
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16.04.25 - 07:01
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Kongsberg Automotive strengthens its presence in India by relocating its operations to a state-of-the-art plant (Cision)
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Kongsberg, April 16, 2025: Kongsberg Automotive (KA) has officially inaugurated its facility in Faridabad, India—relocating from a previous plant in the same area. This move marks a significant milestone in KA's commitment to enhancing production capabilities and strengthening its position in the Indian market.
The new facility spans approximately 6,947 square meters, an upgrade from the previous 5,946-square-meter plant. Located in the Greater Delhi area, Faridabad, ensures KA's proximity to customers, re-shoring opportunities, business continuity, and the retention of existing...
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09.04.25 - 07:01
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Invitation to Kongsberg Automotive′s Q1 2025 Earnings Call (Cision)
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Kongsberg, April 9, 2025: Kongsberg Automotive (KA) will release its Q1 2025 results on May 7, 2025, at approximately 07:00 CET.
President & CEO Trond Fiskum and CFO Christian Johansson will present the results during a webcast at 09:00 CET and will host a Q&A session after the presentation.
The event is open to the public and will be webcast live at: https://channel.royalcast.com/landingpage/hegnarmedia/20250507_4/ (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250507_4)
The earnings release and presentation will be published on www.newsweb.no and on KA's website www....
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31.03.25 - 07:00
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Kongsberg Automotive wins a contract extension worth EUR 58 million in estimated lifetime revenue (Cision)
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Kongsberg, March 31, 2024: Kongsberg Automotive (KA) has secured an extension of the air brake fittings (KA Raufoss ABC™ System (https://www.kongsbergautomotive.com/products-services/raufoss-couplings/)) contract worth over EUR 58 million in estimated lifetime revenue.
The four-and-a-half-year contract, which starts in April 2025, is for the KA Raufoss ABC™ System. The lightweight, durable, and eco-friendly system from KA offers optimized safety, quick assembly, and global compatibility, designed to protect the brake system while reducing costs and environmental impact.
The...
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27.03.25 - 07:36
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Erik Magelssen appointed CFO of Kongsberg Automotive (Cision)
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Kongsberg, March 27, 2025: Erik Magelssen has been appointed as the new CFO of Kongsberg Automotive (KA).
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...
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27.03.25 - 07:01
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Kongsberg Automotive releases Annual Report 2024 (Cision)
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Kongsberg, March 27, 2025: Kongsberg Automotive (KA) announces the publication of its Annual Report 2024.
The Annual Report 2024 is available on KA's website (http://www.kongsbergautomotive.com) and as an attachment to this release.
Investor relations and media contacts:
investor.relations@ka-group.com
Therese Sjöborg Skurdal – Director Group Marketing & Communications
therese.skurdal@ka-group.com
+47 982 14 059
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable...
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14.03.25 - 11:01
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Trond Fiskum to take office as Kongsberg Automotive′s President & CEO on March 31, 2025 (Cision)
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Kongsberg March 14, 2025: Trond Fiskum, the new President & CEO of Kongsberg Automotive (KA), will assume his role at the company's headquarters in Kongsberg on March 31, 2025. He was appointed by KA's Board of Directors on January 29, 2025 (https://www.kongsbergautomotive.com/media-news/press-releases/2025/trond-fiskum-appointed-new-ceo-of-kongsberg-automotive-asa/).
Fiskum has spent a decade (2005-2015) in various leadership positions in KA, and was based both in Norway and Brazil. He led key restructuring and strategy roles, including as a member of the Executive Committee and the...
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