Kongsberg Group reports a net profit of 243 million in Q2 2013, compared with 285 million in the same period last year.
Earnings per share were NOK 2.01, against 2.38 million at the same crossroads last year.
The result before tax was NOK 327 million, compared with 395 million the year before.
The operating profit was 322 million compared with 397 million the year before.
Operating revenues amounted to 4,263 million, compared with 4097 million in Q2 2012.
Strong order intake in the second quarter provides record order backlog of over 21 billion.
Kongsberg Maritime wins in the second quarter, new orders for 2,594 million (NOK 2,431 million), and Kongsberg Defence Systems came up with new orders in the second quarter 2,019 million (NOK 651 million). Kongsberg Protech Systems, the order intake in the second quarter of NOK 899 million (NOK 438 million), which is the second highest order intake in one quarter since 2011.
– We are very pleased with the strong order intake in Group’s second quarter. Our marine business continues its very strong development while defense industry increased its order backlog during the quarter, said CEO Walter Qvam.
– When it comes Kongsberg Oil and Gas Technologies resulted in apostasy and postponements of projects at the beginning of the year we implemented restructuring measures to meet a lower commission volume than expected. This situation had a negative impact in the second quarter. We expect that these measures will lead to improvement for the second half, he adds.
Here is the report.
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