KONGSBERG MARITIME IN BRIEF
The business area (BA) makes systems for positioning, surveying, navigation and automation for commercial vessels and offshore installations.
| Key figures | |||||||
| MNOK | 20061) |
20051) |
20042) |
20043) |
20033) |
20023) |
20013) |
| Operating revenues | 3 553 | 3 034 | 3 013 | 3 638 | 3 470 | 3 742 | 3 689 |
| EBITA | 329 | 262 | 242 | 254 | 297 | 298 | 283 |
| Operating margins (%) | 9.3% | 8.6 % | 8.00% | 7.00% | 8.60% | 8.00% | 7.70% |
| Backlog of orders | 3 054 | 2 158 | 1 673 | 1 673 | 1 463 | 1 322 | 1 455 |
| New orders | 4 408 | 3 566 | 3 219 | 3 680 | 3 883 | 3 556 | 3 872 |
Kongsberg Maritime is a market leader in dynamic positioning systems, automation and surveillance systems, process automation, satellite navigation and hydroacoustics. Important markets include countries with significant offshore and shipyard industries.
In 2006, all divisions improved their performance, as new orders aggregated more than NOK 1 billion in each and every quarter of 2006.
The BA posted operating revenues of MNOK 3 553 in 2006, compared with MNOK 3 034 in 2005. This translates into an increase of 17.1 per cent. The operating profit (EBITA) was MNOK 329 in 2006, as against MNOK 262 in 2005. The backlog of orders has expanded steadily for eight consecutive quarters. At year-end 2006, it reached a record-high MNOK 3 054. Revenues outside Norway aggregated MNOK 2 736 (77 per cent), compared with MNOK 2 227 in 2005. The BA accounted for nearly 53 per cent of the Group's total operating revenues.
At 31 December 2006, Kongsberg Maritime had 2 009 employees in 14 countries. That translates into 154 more employees than in 2005.
Number of employees: 2 009
Number of employees, Norway: 1 453
Number of employees, outside Norway: 556
New employees, 2006: 346
Turnover in %: 5.1
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 the sale of yachting activities, 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.