Kongsberg Automotive New

everyone. Welcome to Kongsberg Automotive's Q4 2024 earnings call. Thank you for joining us today. My name is Mallika Aryal. I am the communications advisor and I'm standing in for Teresa today. I will also be the moderator for today's session. Before we begin, I would like to remind you that questions can be raised via the webcast tool. Please note that we will prioritize questions sent to us in English. We encourage everyone to limit the number of questions to two per participant. Joining us today as the presenter is the interim president and CEO and CFO of Kongsberg Automotive, Christian Johansen. On the right-hand side of the slide, you will see the topics that he will present today. And without delay, I will give the word over to Christian Johansen.

Good morning, everyone, and welcome also from my side to this quarter four earnings call. I'm very pleased to conclude that KA's financial performance improved in 2024 despite weak market demand. Revenues declined by 96 million euros to 788 million. All our three end customer markets, commercial vehicle, passenger car and the industrial and off-road weakened during the year. EBIT improved to 18.7 million euros with an EBIT margin of 2.4%. from negative 19.7 million euro and negative 2.2% margin in 2020.

Good morning, everyone. Welcome to Kongsberg Automotive's Q4 2024 earnings call. Thank you for joining us today. My name is Mallika Arijal. I am the communications advisor and I'm standing in for Theresa today. I will also be the moderator for today's session. Before we begin, I would like to remind you that questions can be raised via the webcast tool Please note that we will prioritize questions sent to us in English. We encourage everyone to limit the number of questions to two per participant. Joining us today as the presenter is the interim president and CEO and CFO of Kongsberg Automotive, Christian Johansson. On the right-hand side of this slide, you will see the topics that he will present today. And without delay, I will give the word over to Christian Johansson.