Kongsberg Maritime Report Strong Growth in Q2 2013

Maritime Activity Reports, Inc.

August 15, 2013

CEO Walter Ovam: Photo courtesy of Kongsberg Maritime

CEO Walter Ovam: Photo courtesy of Kongsberg Maritime

Kongsberg is reporting operating revenues in the second quarter of 2013 of MNOK 4 097, up 4.2 per cent year-on-year. EBITDA came to MNOK 513 in Q2, compared with MNOK 525 in Q2 2012.

At mid-year, operating revenues totalled MNOK 8 130, translating into growth of 4.7 per cent from mid-year 2012. The expansion in H1 has been driven by Kongsberg Maritime, which posted growth of 13.9 per cent compared with H1 2012, and is continuing to report a significant influx of new orders. Altogether during the quarter, Kongsberg Maritime signed new orders valued at MNOK 2 431.

"We are pleased with the growth experienced by Kongsberg Maritime in H1 2013. This further underlines our strong global position. Despite a slower market for our weapons stations in the U.S., we now see several significant opportunities on the defence side. This provides a good basis for further growth for Kongsberg as a technology enterprise", remarks CEO Walter Qvam.
 

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