Kongsberg Group Reports Good Q3 2012 Results

Press Release
Monday, November 05, 2012

The company won several important contracts in the maritime and defence markets during the third quarter 2012.

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 strenghtened 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.
 

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

People & Company News

K Line to Expand Use of Eco-efficiency Software

Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA

LR Supports Chinese Recycling Yards' EU Application

LR’s initial verification of the Ship Recycling Facility Plans for both Zhoushan Changhong International Ship Recycling Co. Ltd. and Jiangyin Xiagang Changjiang

Chinese Yards Apply for EU Regulation on Ship Recycling

Two Chinese ship recycling yards have applied for inclusion of their facilities in the future EU list of Ship Recycling Facilities.    The official documents

Finance

Transpacific Container Shippers Plan Price Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.

DP World: Shareholders Back EZW buy, London Delisting

Shareholders of DP World have approved buying Economic Zones World from its majority shareholder and also backed the port operator's delisting from the London Stock Exchange,

Maersk to Continue Russian Operations

Denmark's A.P. Moller-Maersk said its four subsidiaries with activities in Russia continue to operate as planned despite the recent sharp drop in oil price and the rouble's collapse.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1468 sec (7 req/sec)