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Good performance in Q3 2012

Kongsberg Gruppen (KONGSBERG) reports good results for Q3 2012. Several important contracts were won during the quarter, confirming the Group's positions in the maritime market as well as in the defence market.

Q3 operating revenues totalled MNOK 3 675 and EBITA came to MNOK 570. This corresponds to an EBITA margin for the Group of 15.5 per cent, compared with 16.3 per cent in the same quarter of 2011. Earnings per share (EPS) came to NOK 3.26 in Q3 2012. KONGSBERG had an equity ratio of 38.4 per cent at the end of Q3. The Group has had a good quarter, winning several important contracts that further consolidate the Group's market positions.

“It is gratifying to note that Kongsberg Maritime has further strenghten its position in the advanced offshore market. The business area has won major contracts for deliveries for rigs, drilling vessels, floating production vessels and advanced offshore support vessels, among others. On the defence side, an important confirmation came in August, when KONGSBERG was awarded the contract to supply the next phase of the US CROWS programme. All in all, the Group has been strengthened in Q3", comments KONGSBERG's CEO Walter Qvam.

For more information, please contact:

Jan Erik Hoff, Vice President, Investor Relations & Reporting, mobile: + 47 991 11916 Ronny Lie, Vice President Corporate Communication, mobile: + 47 916 10798