This week at KONGSBERG: Growth and Solid Profitability in Q3, Historic Platform Supply Vessels Contract

Financial Results Q3 2024: Growth and Solid Profitability

KONGSBERG (OSE: KOG) delivered revenue growth of 19 per cent compared to Q3 2023.?The solid profitability this quarter demonstrates KONGSBERG’s ability to scale effectively with growing operating revenues. ?

Key takeaways:

• Solid growth in the business areas compared to Q3 2023
• Well positioned with a record-high order backlog and a book/bill of 1.09 in the Q3
• Very high market- and tendering activity across the entire Group
• Enhanced security and sustainability are top priorities in many countries and KONGSBERG is experiencing strong demand for products and services

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Secures Contract for Ten New Build Platform Supply Vessels

Business area Kongsberg Maritime will supply an extensive range of equipment for a new fleet of 10 platform supply vessels (PSV) being built by Fujian Mawei Shipbuilding in China for Greek shipowner, Capital Offshore. This significant contract win is valued at approximately 800 million MNOK, and includes all propulsion, automation, and energy systems.

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Letter to Stakeholders: A Solid and Eventful Quarter

In the third quarter, we achieved profitable growth and signed key agreements that set the stage for continued strong development. Our strong profitability year to date demonstrates our effective scaling during this growth phase. In addition to fulfilling current commitments, we have taken steps to further increase capacity and entered into new development collaborations. KONGSBERG will contribute to security and a sustainable transition.

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