Kongsberg Report 'Robust' Q3 2013

MarineLink.com
Sunday, November 03, 2013
CEO Walter Qvam: Photo courtesy of Kongsberg

KONGSBERG reports operating revenues in Q3 2013 of MNOK 3 448 (MNOK 3 675) and EBITDA of MNOK 518 (MNOK 646), resulting in an EBITDA margin of 15.0 per cent (17.6 per cent).

Kongsberg Maritime and Kongsberg Defence Systems have higher EBITDA's than in Q3 2012, while Kongsberg Protech Systems has lower EBITDA. During the quarter, the Group booked new orders valued at MNOK 3 688 (MNOK 3 495).


"KONGSBERG has had yet another robust quarter, characterised by a strong influx of new orders and good progress in three of four business areas: Kongsberg Maritime and Kongsberg Oil & Gas Technologies continue to grow and Kongsberg Defence Systems is still seeing a positive trend, with good contract opportunities. As expected, Kongsberg Protech Systems has experienced a slowdown", comments CEO Walter Qvam.

Kongsberg Maritime and Kongsberg Defence Systems reported higher EBITDA figures than in Q3 2012. Kongsberg Oil & Gas has an EBITDA margin of 7.0 per cent, and had a strong influx of new orders in Q3, mainly due to the Polarled contract with Statoil. Kongsberg Protech Systems posts an EBITDA of MNOK 66 (MNOK 210). Kongsberg Protech Systems’ Q3 profit is significantly lower than before due to the expected lower pace of deliveries to the CROWS programme.

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Finance

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

New sanctions threats as Ukraine stalemate goes on

A day after an international deal in Geneva to defuse the East-West crisis in Ukraine, pro-Russian separatists vowed not to end their occupation of public buildings

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3148 sec (3 req/sec)