CEO's perspective: Well-equipped to navigate a rapidly changing world

Our ability to combine cutting-edge technology with a deep understanding of customer needs positions us as a strategic partner in critical sectors, including defence, maritime industry, and aerospace. KONGSBERG collaborates closely with authorities and decision-makers, leveraging our global expertise and presence across business areas. 

We have concluded a successful quarter marked by high activity  and  solid order intake. All business areas had an increase in operating revenues compared to Q1 2024. This growth was primarily driven by higher delivery volumes of missiles and air defence systems in the defence segment, solutions for newbuilding and aftermarket services in the maritime sector, and the delivery of subsea technology. The results in Q1 confirm our strong position and the order backlog increased to NOK 134 billion.  

In recent years, the demand for missile and air defence systems has contributed to a significant increase in the order backlog and has been an important driver for our capacity expansions. In the first quarter, we commenced construction of a new missile factory in Australia. Later this year, we will begin building a similar factory in the US, aligning with our goals and strategy. These developments will further enhance our global presence and increase our capacity to fulfil crucial assignments for our customers.

"Our ability to combine cutting-edge technology with a deep understanding of customer needs positions us as a strategic partner in critical sectors."

In the first quarter of 2025, we made several important strategic steps. We moved Kongsberg Digital's maritime portfolio into Kongsberg Maritime, enhancing our capability to deliver comprehensive solutions for the digitalisation and decarbonisation of shipping. Concurrently, we completed the sale of our steering gear and rudder business to Norvestor and bolstered our subsea technology base by acquiring Naxys Technologies. These actions underscore our commitment to future-focused solutions. 

KONGSBERG is well positioned to meet customer needs in rapidly changing world. We have a robust business model, high adaptability, and strong position for further growth. With a global presence, close collaboration with authorities, customers, and suppliers, and an organization driven by high competence and innovation, we are committed to creating value by delivering solutions that make a significant impact for our customers and partners.