Kongsberg Group Reports Good Q3 2012 Results

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.