Kongsberg Automotive New (KGAUF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Kongsberg Automotive's Q1 2026 Earnings Call presentation. Today we are at Danske Bank in Oslo and we are joined by participants joining us digitally as well as physically here in Danske Bank in Oslo. Up on the screen is today's agenda and today's presenters. Tone Fiskum, our president and CEO, and Erik Maglisen, our CFO. As always, we will have a Q&A session after today's presentation, and you can both ask questions, even if you are here, or also by using the tool in the webcast. So with that, I will give the word over to our president and CEO, Tone Fiskum. Thank you, Therese. Good morning all, those that are here physically and also those that are joining online for joining today's earnings call. I'll start today's presentation with some reflections on my first year as CEO for Kongsberg Motiv. At the end of March, A month ago, I marked one year as president and CEO of the company. I remember when I accepted this responsibility, I did that with a deep sense of responsibility for the company, for the employees, and for the shareholders. I stepped into this role with a clear conviction that Kei had a significant untapped value creation potential. and that unlocking that potential required a fundamental change in the way that the company was run. So over the last 12 months, we have made quite a lot of changes. We have acted with determination and speed. We have renewed the leadership team. We have simplified the organization model. We have reestablished a performance-oriented culture. with clear accountability and execution focus, making sure that we have the right people in the right roles. In parallel, we have worked with structural and operational actions to improve our cost base and strengthen cash flow, while also addressing sy...