Kongsberg Automotive ASA (KGAUF) Q2 2026 Earnings Call Transcript

Good morning, and thank you for joining Kongsberg Automotive's Q2 2026 Earnings Call Presentation. Today, we are hosting a digital webcast. And with me here is Trond Fiskum, our President and CEO; and CFO, Erik Magelssen. On the screen, you see today's agenda. And as always, we will host a Q&A session after today's presentation.

Thank you, Terese, and good morning to all. Thank you for joining today's earnings call. We go straight to the highlights of the quarter. We have had a positive development in the quarter, and the numbers shows a clear improvement in KA's financial performance. Q2 EBIT improved to EUR 12 million, representing 6.2% EBIT margin compared with same quarter last year that was a negative -- where we had a negative EBIT of EUR 2.9 million. Cash flow also improved and moving in the right direction with a net cash flow in Q2 that was positive EUR 4.3 million compared with a negative EUR 0.9 million in the same quarter last year. Net profit increased to EUR 5.2 million compared with a loss of EUR 2 million in Q2 last year. And finally, return on capital employed improved to 10.2% compared with 0.5% in the same quarter last year. So overall, a good quarter that shows that we are on the right track. So the fundamentals of the business continue to improve across all key financial metrics. On this slide, we compare the Q2 results