KONGSBERG enjoys strong growth in 2023

KONGSBERG delivered growth, strong results, and solid order intake in 2023 according to a press release.

It said “The Group concluded the year with record-high order backlog of NOK 88.6 billion (USD 8.2B). The Board proposes to the General Assembly a total dividend payment of NOK 2.46 billion, equivalent to NOK 14.00 per share.”

“KONGSBERG achieved a milestone by surpassing NOK 40 billion in revenue in 2023. This accomplishment is a testament to our unwavering commitment to innovation and the tireless efforts of our dedicated employees over the years. The world is facing significant challenges related to security, climate and sustainability. Our products and systems can help solve many of these challenges and have resulted in a significant influx of orders throughout the year. At the end of 2023 we had a NOK 88.6 billion order backlog, in addition to several significant framework agreements", says President and CEO of KONGSBERG Geir Håøy.

Operating revenues in Q4 increased 26 per cent from the corresponding quarter in 2022 and all business areas delivered strong growth. The order intake in the quarter was NOK 31.5 billion, corresponding to a book/bill of 2.64. NOK 16 billion of the order intake is related to the contract for the NSM coastal defence system to Poland, which became effective in the 4th quarter, additionally order intake in Kongsberg Discovery, Kongsberg Digital and in Kongsberg Maritime's aftermarket was strong.

KONGSBERG enjoys strong growth in 2023

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