Kongsberg Automotive reports Q1 2022 revenue at USD228.3 million, up 0.6% y/y
The high costs of raw materials, and electronic components had contributed to the large drop in profitability
Kongsberg Automotive has reported first-quarter revenues at EUR218.8 million (USD228.3 million) with a year-on-year (y/y) increase of 0.6% compared to EUR217.5 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 13 May 2022.
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