Kongsberg Automotive New (KGAUF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 Magelsen. On the screen, you see today's agenda. And as always, we will host a Q&A session after today's presentation. You can, during the call, raise a question in the webcast tool. And with that, I will give the word over to our president and CEO, Trond Fiskum. Thank you, Therese. 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 show a clear improvement in CAE's financial performance. Q2 EBIT improved to €12 million, representing a 6.2 EBIT margin. Compared with the same quarter last year, where we had a negative EBIT of €2.9 million. Cash flow also improved and moved in the right direction with a net cash flow in Q2 that was positive 4.3 million euro compared with a negative 0.9 million euro in the same quarter last year. Net profit increased to 5.2 million compared with a loss of 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 with the previous four quarters, and we can clearly see the positive developments. Starting with revenues, Q2 revenues reached €193.8 million, which is slightly above same quarter last year, and almost 8% higher than Q1. Revenues have now increased for three consecutive quarters, indicating an improved market environment. Whi...