Kongsberg Report Solid Performance in Q1 2012

Kongsberg Gruppen (KONGSBERG) issue Q1 2012 report, report a solid financial performance & sees a positive trend in its business

“The Group is off to a satisfactory start for the year. It is especially gratifying to see that Kongsberg Maritime's 'Full Picture' strategy generated substantial new orders during the quarter", comments CEO Walter Qvam.

Q1 operating revenues came to MNOK 3 836, and the EBITA totalled MNOK 482. This resulted in an EBITA margin for the Group of 12.6 per cent, compared with 13.8 per cent in Q1 2011. Earnings per share (EPS) came to NOK 2.66 in Q1 2012.

At 31 March, the Group had an equity ratio of 39.9 per cent and there was a satisfactory influx of new orders. Kongsberg Maritime is still seeing a positive trend, booking new orders valued at MNOK 2 541 this quarter, compared with MNOK 2 082 in Q1 2011.