HIGHLIGHTS 2007
- 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
Group
Best result ever
In 2007, KONGSBERG earned operating revenues of MNOK 8 306 and an EBITA of MNOK 796. Revenues climbed by 24 per cent, and profitability was up 2.7 per cent from 2006. Sales orders aggregated NOK 14.3 billion in 2007. At 31 December 2007, the backlog of orders was valued at NOK 12.6 billion, more than 6.1 billion more than at year-end 2006. Market capitalisation increased from NOK 5.3 billion at year-end 2006 to NOK 10.2 billion at 31 December 2007.
Kongsberg Defence & Aerospace
Contract for serial production of the new Naval Strike Missile
A contract for serial production of the new naval strike missile (NSM) was signed with the Armed Forces' Logistics Organisation in June. The NSM will be the main weapon on the Nansen Class frigates and the Skjold Class missile torpedo boats, and the order was worth approx. NOK 2.5 billion. The contract is the culmination of 10 years of development, and the NSM has a good export potential.
Kongsberg Defence & Aerospace
NOK 8 billion framework agreement with the US Army
The company's position as the world's leading supplier of weapon control systems was confirmed by an agreement with the US Army to supply their CROWS programme (Common Remotely Operated Weapon Stations). This is a joint procurement programme for weapon control systems for the US Army's vehicle programmes. The agreement is valued at approx. NOK 8 billion and will have a duration of five years.
Kongsberg Maritime
Burgeoning activity in 2007
Kongsberg Maritime had a strong influx of new orders in 2007. Market demand has been high, not least for products for merchant vessels and purpose-built vessels for the offshore industry. The backlog of orders reached MNOK 5 333 at year end. Kongsberg Maritime has expanded and built new premises in several locations. A total of 559 new co-workers were hired in 2007.
Kongsberg Defence & Aerospace
Investing in new industrial buildings
KONGSBERG is building a factory for composite production and advanced engineering production to prepare for offset agreements associated with the purchase of new Norwegian fighter craft. The investment will total MNOK 900 and the building will cover approx. 30 000 m2. The Government has furnished a guarantee which reduces KONGSBERG's risk until Norway has formally decided which fighter craft to buy.
Kongsberg Maritime
Advanced subsea systems to India
In April, Kongsberg Maritime concluded a contract with the shipyard Alcock Ashdown Ltd. in Gujarat, India, to supply advanced subsea systems worth roughly MNOK 350. The equipment will be installed on six new surveying vessels that India's National Hydrographic Office has ordered from the shipyard. This is by far the largest contract we have landed in this field to date.
