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Kongsberg Automotive lowers FY 2021 revenue guidance on persisting chip shortage

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Financial results

Kongsberg’s revised revenue guidance for FY 2021 is USD1.28 billion as against the previous guidance of USD1.32 billion

Zurich-based Kongsberg Automotive has lowered its guidance on fiscal year (FY) 2021 revenue and adjusted earnings before interest and taxes (EBIT) on persisting industry challenges such as continuing semiconductor shortage along with surging raw material prices, the company said in a press release on 24 September.

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