KONGSBERG increased its operating revenues by 25 per cent and grew all its
business areas compared to the third quarter last year. The company also
achieved record-high EBITDA of NOK 1.36 billion.
3rd quarter figures:
The operating revenues were MNOK 7,745 compared to MNOK 6,216 for Q3 2021
The order intake was MNOK 7,535 compared to MNOK 15,315 for Q3 2021
The EBITDA was MNOK 1,360 compared to MNOK 1,054 for Q3 2021
The EBITDA margin was 17.6% compared to 17% for Q3 2021
"KONGSBERG has maintained its positive trend and delivered a good result. We
have increased the operating revenues across the company and delivered EBITDA of
NOK 1.36 billion, higher than ever before. The sound margin is a result of good
project execution and a favourable project mix. Kongsberg Maritime increased the
activity of all divisions and grew its operating revenues by 26 per cent.
Kongsberg Defence & Aerospace had a high level of activity, especially in the
large air defence programmes, where there was considerable progress during the
quarter. Kongsberg Digital put two new dynamic digital twins into operation and
is experiencing growing demand for its solutions. I'm very pleased with the
efforts all my 12,000 colleagues have made, and which have led to us delivering
yet another strong quarter," says Geir Håøy, the president and CEO of KONGSBERG.
Kongsberg Maritime (KM) achieved operating revenues of MNOK 4,690 during the
quarter, just over half of which came from the aftersales market. The order
intake of MNOK 5,632 produced a book-to-bill ratio of 1.20, is diversified and
covers a wide range of segments.
Kongsberg Defence & Aerospace (KDA) increased its operating revenues by 24 per
cent, to MNOK 2,802, and achieved an EBITDA margin of 21.5 per cent. The growth
was mainly driven by good progress in its large air defence projects. KDA is
currently experiencing increasing market activity in the missile sector and
received a purchase order during the quarter for the delivery of Naval Strike
Missiles (NSM) worth MNOK 328 to the US Navy under the Over-The-Horizon (OTH)
framework agreement.
Kongsberg Digital (KDI) experienced good developments during the quarter, with
operating revenues of MNOK 262, and grew its recurring revenues by 34 per cent
to MNOK 122.
"The security situation in Europe has changed, and the security and sovereignty
assertion of states have risen on the agenda. At the same time, the world must
handle challenges relating to the energy supply and continue with the energy
transformation. At KONGSBERG, we see it as our duty to actively help to solve
these challenges using our technology, while at the same time there are
considerable business opportunities involved in this. We are closely monitoring
the various trends, are implementing measures as required, and have good control
of our own operations," says Håøy.
"Our order backlog was a sound NOK 54.1 billion at the end of the quarter, our
tendering activity is record-high in all business areas, and we will achieve our
target of more than NOK 30 billion in revenue in 2022. I'm sure that KONGSBERG
will handle the external challenges, grasp new opportunities, and at the same
time deliver sound results," says Håøy.
CONTACT:
Ronny Lie
Chief Communication Officer
Kongsberg Gruppen ASA
(+47) 91 61 07 98
ronny.lie@kog.kongsberg.com
kongsberg.com
Jan Erik Hoff
Group Vice President Investor Relations
Kongsberg Gruppen ASA
(+47) 99 11 19 16
jan.erik.hoff@kog.kongsberg.com
kongsberg.com
KONGSBERG (OSE-ticker: KOG) is a leading global technology corporation
delivering mission-critical systems and solutions with extreme performance for
customers that operate under extremely challenging conditions. We work with
nations, businesses and research environments to push the boundaries of
technology development in industries such as space, offshore and energy,
merchant marine, defence and aerospace, and more. KONGSBERG has over 11,000
employees located in more than 40 countries, creating a total revenue of NOK
27.5bn in 2021.
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This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Simen Lilleslåtten, Investor Relations at
Kongsberg Gruppen ASA, on 28 October 2022 at 07:00 CEST.