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A very positive year for KONGSBERG

"2007 was a very positive year for KONGSBERG", states Chief Executive Officer Jan Erik Korssjøen.

Chief Executive Officer Jan Erik Korssjøen

"The Group posted ordinary operating revenues of MNOK 8 306 (MNOK 6 720) and an operating profit, excluding non-recurring items, of MNOK 796 (MNOK 464). We have also recognised MNOK 253 from the sale of property in December. In addition, we changed the Group's pension plan and the transition entailed a one-off effect of MNOK 341. This means the Group is reporting total operating revenues of MNOK 8 559, and an EBITA of MNOK 1 390", says Jan Erik Korssjøen.

New orders for the Group as a whole had an aggregate value of MNOK 14 338 in 2007, compared with MNOK 7 672 in 2006. The backlog of orders came to MNOK 12 646 at 31 December 2007, up from MNOK 6 472 at year-end 2006. "This provides a sound platform for future operations", Korssjøen points out.