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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Finance

China Okays CMA CGM's Acquisition of NOL

CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL),

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators 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: 0.0807 sec (12 req/sec)