KONGSBERG continues to progress, reporting Q3 operating revenue of MNOK 7 666,
up 27 per cent from 2007. The Year-to-date EBITA totalled MNOK 803, compared with
MNOK 576 during the same months last year. The Group has seen a strong influx of
new orders in 2008, i.e. NOK 11.9 billion at 30 September. The backlog of orders
was valued at NOK 17.1 billion at the same date, up NOK 4.4 billion from year end.
A sound platform for growth
"Kongsberg Maritime and Kongsberg Defence & Aerospace continue to demonstrate
progress in their results and margins year-on-year. Sales orders have been high
this year, and the backlogs of both business areas were once again record high at
the end of the quarter. The Group is also continuing to develop well on international
markets as well as in Norway. These positions and our substantial backlog of orders
give us a sound platform for growth as we move into 2009", comments CEO Walter Qvam.
KONGSBERG earned a Q3 EBITA of MNOK 331 (MNOK 225), based on operating revenue
of MNOK 2 561 (MNOK 1 967). The EBITA margin was 12.9 per cent (11.4) during the
quarter. Sales orders added up to NOK 4.2 billion (4.1) in Q3.
Kongsberg Maritime reported a Q3 EBITA of MNOK 193 (MNOK 136), based on operating
revenue of MNOK 1 456 (MNOK 1 174). Sales orders in Q3 aggregated MNOK 2 137 (MNOK
1 918), and the backlog at the end of the quarter was worth MNOK 7 357, compared
with MNOK 5 469 at 30 September 2007.
Kongsberg Maritime has a high pace of delivery in all segments, especially in
subsea activities. There was a good influx of new orders in Q3 and the backlog of
orders is record high. The business area signed an agreement for the acquisition
of the British sonar company GeoAcoustics Ltd. for MNOK 42 in Q3.
Kongsberg Defence & Aerospace
Kongsberg Defence & Aerospace had a Q3 EBITA of MNOK 138 (85), based on operating
revenue of MNOK 1 076 (762). New orders totalled MNOK 2 083 (MNOK 2 193) in Q3,
and the backlog at the end of the quarter added up to MNOK 9 681, compared with
MNOK 7 603 on 30 September 2007. The business area signed several major contracts
during the quarter. Moreover, a total of NOK 1.3 billion in call-off orders were
placed under the NOK 8 billion CROWS framework agreement signed with the US Army
in August 2007. The business area also signed a contract worth MNOK 130 with the
Turkish company ASELSAN for subsea surveillance systems.
Number of employees
At the end of Q3 2008, KONGSBERG had a total of 5 128 employees. This is a net
increase of 923 employees since the beginning of the year. A total of 1390 of the
Group's co-workers now work outside Norway.
- CEO Walter Qvam - telephone: ( 47) 322 89510 - ( 47) 905 25226
- CFO Arne Solberg - telephone: ( 47) 322-89575 - ( 47) 920-60011