KONGSBERG IN BRIEF
- KONGSBERG in brief
- 2007 in brief
- CEO Jan Erik Korssjøen
- New man at the helm
- Highlights 2007
- This is KONGSBERG
- History
- Addresses
- Financial calendar 2008
Kongsberg Gruppen (KONGSBERG) is an internationally-oriented, knowledge-based corporation with two business areas: Kongsberg Maritime and Kongsberg Defence & Aerospace. KONGSBERG supplies high-technology systems to customers engaged in offshore oil and gas production, the merchant marine, and the defense and aerospace markets. The Group's activities are generally directed at the international market, with Europe, the USA, the Middle East and Asia as its most important geographical areas.
The Group
- Total growth in operating revenues of 24%.
- Some 67% of the growth takes place abroad, and the percentage of sales outside Norway accounts for 71% of operating revenues.
- Operating profit up by MNOK 332. Stronger profits in both Kongsberg Maritime and Kongsberg Defence & Aerospace.
- EBITA margin ended at 9.6%. Improved margins in both business areas.
Kongsberg Maritime
- Growth in operating revenues of 37%.
- 60% of the growth takes place abroad, and the percentage of sales outside Norway account for 73% of operating revenues.
- Operating profit up by MNOK 177. Improvement in all divisions.
- EBITA margin ended at 10.4%.
Kongsberg Defence & Aerospace
- Total growth in operating revenues of 11%.
- 94% of the growth takes place abroad, and the percentage of sales outside Norway accounts for 73% of operating revenues.
- The operating profit was up MNOK 91. The most pronounced improvement is in weapon control systems.
- EBITA margin ended at 8.2%.
1) The figures are presented before non-recurring items related to the settlement of the pension plan and gains on the disposal of property.
2) The figures are presented in accordance with IFRS (International Financial Reporting Standard), and jointly controlled undertakings are consolidated using the proportionate consolidation method.
3) The figures are adjusted for effects at the transition to IFRS, and the sale of yachting activities and jointly controlled operations are consolidated using the proportionate method of consolidation.
4) The figures are not adjusted for effects in connection with the transition to IFRS, but are presented according to NGAAP. Jointly controlled operations are reported as associates.