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Improved order situation and stable profits in Q2 2012

16. August 2012

Kongsberg Gruppen (KONGSBERG) reports stable profits in Q2 2012.

Q2 operating revenues came to MNOK 3 923. EBITA totalled MNOK 453. This corresponds to an EBITA margin for the Group of 11.5 per cent. At the same date last year, the Group had an EBITA margin of 12.5 per cent. Earnings per share (EPS) amounted to NOK 2.61 in Q2.

KONGSBERG had an equity ratio of 38.1 per cent at the end of the quarter.

"All in all, the Group is well-positioned in the shipping, offshore and defence markets, and its backlog of orders is satisfactory", concludes Walter Qvam, CEO of KONGSBERG.

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