KONGSBERG DEFENCE & AEROSPACE IN BRIEF
Kongsberg Defence & Aerospace is Norway's premier defence enterprise when it comes to technological defence systems.
| Key figures | |||||||
| MNOK | 20061) | 20051) | 20042) | 20043) | 20033) | 20023) | 20013) |
| Operating revenues | 2 997 | 2 650 | 2 791 | 2 704 | 3 084 | 3 084 | 2 388 |
| EBITA | 182 | 135 | (13) | (43) | 93 | 178 | 138 |
| Operating margin (%) | 6.1% | 5.1% | (0.5%) | (1.6%) | 3.0% | 5.8% | 5.8% |
| Backlog of orders | 3 253 | 3 124 | 3 648 | 3 648 | 4 352 | 3 729 | 4 852 |
| New orders | 3 071 | 1 980 | 2 000 | 2 000 | 3 706 | 1 961 | 2 022 |
The business area (BA) has long traditions of developing and manufacturing sophisticated systems in close collaboration with the Norwegian Armed Forces.
KONGSBERG's anti-ship missiles, command and weapons control systems and communications solutions have proven competitive on the export market, even though KONGSBERG is a small player by international standards. Alliances with major foreign defence enterprises are a key part of the BA's international marketing strategy. The Protector weapons control system contributed significantly to revenues and results in 2006.
During the year under review, the BA earned MNOK 2 997 in operating revenues, compared with MNOK 2 650 in 2005. This translates into an increase of 13.1 per cent. The year's operating profit (EBITA) was MNOK 182, compared with MNOK 135 in 2005. The backlog of orders climbed by 4.1 per cent, reaching MNOK 3 253 at year end, compared with MNOK 3 124 in 2005. Roughly 82 per cent of the orders booked in 2006 were for the export market. Kongsberg Defence & Aerospace had 1 547 employees at yearend. This was an increase of 146 during the year.
Number of employees: 1 547
Number of employees, Norway: 1 389
Number of employees, outside Norway: 90
New employees, 2006: 129
Turnover in %: 6.3
1) The figures are IFRS compliant (International Financing Reporting Standard) and jointly controlled operations are consolidated using the proportionate method.
2) The figures have been adjusted for effects at the transition to IFRS and jointly controlled operations are consolidated using the proportionate method.
3) The figures are not adjusted for effects of the transition to IFRS, but are presented according to NGAAP. Jointly controlled operations are reported as associates.