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 June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Aberdeen Pupils Peek into Subsea Oil & Gas Technology

Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving

AVEVA, DNV GL's Sesam Integration Cuts Cost

Integration of Aveva and DNV GL's Sesam Reduces Costs in Maritime and Offshore Engineering. Engineers designing ship hulls and offshore floaters can now save

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System.

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.2431 sec (4 req/sec)