OverviewSuggest Edit

Kongsberg is an international technology group that works with customers in the global defense, maritime, oil and gas, fisheries, and aerospace industries. The company operates in three business areas: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Kongsberg Digital. The Kongsberg Maritime segment develops and delivers systems for positioning, monitoring, navigation, and automation for merchant vessels and the offshore industry. The Kongsberg Defence & Aerospace segment is a supplier of defense and space-related systems and products. The Kongsberg Digital is a provider of software and digital solutions to customers within maritime, oil and gas and utilities.

TypePublic
Founded1814
HQKongsberg, NO
Websitekongsberg.com

Latest Updates

Employees (est.) (Dec 2020)10,689
Revenue (FY, 2019)KR24.1 B(+68%)
Share Price (May 2021)KR217(+4%)
Cybersecurity ratingBMore

Key People/Management at Kongsberg

Geir Håøy

Geir Håøy

President and Chief Executive Officer
Gyrid Skalleberg Ingerø

Gyrid Skalleberg Ingerø

Group Executive Vice President and Chief Financial Officer
Egil Haugsdal

Egil Haugsdal

EVP, KONGSBERG. President, Kongsberg Maritime
Terje Bråthen

Terje Bråthen

Executive Vice President Aerostructures
Eirik Lie

Eirik Lie

Executive Vice President, KONGSBERG. President, Kongsberg Defence & Aerospace
Harald Aarø

Harald Aarø

Executive Vice President Space and Surveillance, Kongsberg Defence & Aerospace
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Kongsberg Office Locations

Kongsberg has offices in Kongsberg, Asker, Horten, Kjeller and in 58 other locations
Kongsberg, NO (HQ)
Kirkegårdsveien 45
Asker, NO
Drengsrudbekken 12
Horten, NO
Bekkajordet 8
Horten, NO
Bromsveien 17
Horten, NO
Strandpromenaden 50
Kjeller, NO
Instituttveien 10
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Kongsberg Financials and Metrics

Kongsberg Revenue

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Kongsberg's revenue was reported to be kr24.08 b in FY, 2019 which is a 67.5% increase from the previous period.
NOK

Revenue (Q1, 2020)

6.7b

Net income (Q1, 2020)

1.6b

EBITDA (Q1, 2020)

643.0m

EBIT (Q1, 2020)

301.0m

Market capitalization (3-May-2021)

38.7b

Closing stock price (3-May-2021)

217.0

Cash (31-Mar-2020)

9.5b

EV

35.0b
Kongsberg's current market capitalization is kr38.7 b.
Annual
NOKFY, 2017FY, 2018FY, 2019

Revenue

14.5b14.4b24.1b

Revenue growth, %

(9%)(1%)67%

Cost of goods sold

4.4b4.3b9.3b

Gross profit

10.1b10.1b14.8b
Quarterly
NOKQ1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020

Revenue

3.6b3.5b3.2b4.1b3.6b6.2b6.0b8.2b6.7b

R&D expense

173.0m189.0m128.0m175.0m169.0m243.0m172.0m266.0m238.0m

Operating expense total

3.3b3.3b2.8b3.7b3.2b5.8b5.5b7.3b6.0b

Depreciation and amortization

111.0m117.0m107.0m108.0m175.0m319.0m305.0m279.0m296.0m
Annual
NOKFY, 2017FY, 2018FY, 2019

Cash

3.0b10.0b5.7b

Accounts Receivable

2.7b2.8b6.4b

Inventories

4.0b2.2b4.0b

Current Assets

11.8b18.7b23.2b
Quarterly
NOKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.7b2.6b3.0b10.4b4.5b3.7b9.5b

Accounts Receivable

2.6b3.0b2.7b2.3b4.0b4.1b5.5b

Inventories

2.0b2.1b2.2b2.3b4.1b4.3b4.1b

Current Assets

11.5b11.3b11.4b19.1b18.5b19.3b27.5b
Annual
NOKFY, 2017FY, 2018FY, 2019

Net Income

559.0m704.0m717.0m

Depreciation and Amortization

507.0m449.0m1.1b

Inventories

705.0m(301.0m)(140.0m)

Cash From Operating Activities

2.9b2.2b2.0b
Quarterly
NOKQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash From Operating Activities

(5.0m)403.0m865.0m590.0m129.0m(231.0m)940.0m

Purchases of PP&E

(46.0m)(110.0m)(153.0m)(89.0m)(204.0m)(312.0m)(115.0m)

Cash From Investing Activities

(66.0m)(178.0m)(259.0m)(88.0m)(4.9b)(5.1b)3.4b

Long-term Borrowings

(37.0m)(113.0m)(446.0m)(88.0m)
NOKFY, 2017

Revenue/Employee

2.1m

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
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Kongsberg Acquisitions / Subsidiaries

Company NameDateDeal Size
Rolls-Royce Commercial MarineJune 07, 2018£500 m
Ship Modeling & Simulation Centre ASDecember 22, 2015
CONTROS Systems & Solutions GmbHMarch 27, 2015
Embient GmbHDecember 06, 2013
Kongsberg NemoDecember 10, 2012
AdvaliNovember 26, 2012
Apply Nemo ASOctober 12, 2012
Evotec ASSeptember 30, 2011
Seagear ASJune 30, 2011
Odfjell Consulting ASAugust 19, 2010
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Kongsberg Revenue Breakdown

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Kongsberg revenue breakdown by business segment: 5.5% from Other, 65.1% from Kongsberg Martime and 29.4% from Kongsberg Defence & Aerospace

Kongsberg revenue breakdown by geographic segment: 25.0% from North America , 28.1% from Europe , 23.4% from Asia, 18.1% from Norway and 5.4% from Other

Human Capital Metrics

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Kongsberg Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Kongsberg Online and Social Media Presence

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Kongsberg News and Updates

Norway Upgrades the Nasams Air Defence System

The upgrade of the NASAMS Sentinel radar’s Identification Friend or Foe (IFF) ensures the system operates in accordance with future NATO standards, further improving the already secure identification of friendly aircraft. “Norway continues to upgrade their ground-based air defence capability by i…

Kongsberg to Deliver Solutions for Ambitious Field Development Vessel

Kongsberg Maritime (KM) technology is at the centre of an ambitious new project to build a state-of-the-art, next generation Field Development Vessel (FDV) for Triumph Subsea Services. Kongsberg Maritime has signed a Letter of Intent with Brodosplit Shipyard and DIV Group in Croatia to deliver a …

Kongsberg Achieves Strong Results and Record-High Order Backlog in 2020

Kongsberg Gruppen (KONGSBERG) has delivered strong results and good operations, and at the same time strengthened all its business areas. At the end of 2020, a year characterised by global uncertainty, the company had a record-high order backlog. The Board will propose that the General Meeting autho…

Kongsberg Wins Remote Weapon Stations Contract of 1 030 Mnok With the British Miv Program

More than 20.000 of the PROTECTOR RS family of RWS’s has been delivered to 23 countries since the beginning of this century. KONGSBERG has provided UK with PROTECTOR RWS’s since 2008, and MIV is the seventh delivery contract including two upgrades for the British Armed Forces. The PROTECTOR RS4 RWS …

Ksat Expands Agreement to Deliver Ground Station as a Service Related to Reception of Data From Earth Observing Satellites With Mnok 280

Kongsberg Satellite Services (KSAT) and the US based satellite operator Maxar has prolonged and extended an existing contract related to data reception from and control of Maxar existing and coming Earth Observation Satellites. «The cooperation with Maxar is important for KSAT and this contract s…

Kongsberg Maritime to Deliver a Large Electric Winch Package for a New Fishing Vessel

Kongsberg Maritime is pleased to announce that it has been selected to supply a large electric winch package for a pelagic trawler / purse seiner, currently being built for the Danish company Astrid Fiskeri A/S at Karstensens Skibsvaerft A/S in Denmark.
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Kongsberg Frequently Asked Questions

  • When was Kongsberg founded?

    Kongsberg was founded in 1814.

  • Who are Kongsberg key executives?

    Kongsberg's key executives are Geir Håøy, Gyrid Skalleberg Ingerø and Egil Haugsdal.

  • How many employees does Kongsberg have?

    Kongsberg has 10,689 employees.

  • What is Kongsberg revenue?

    Latest Kongsberg annual revenue is kr24.1 b.

  • What is Kongsberg revenue per employee?

    Latest Kongsberg revenue per employee is kr2.3 m.

  • Who are Kongsberg competitors?

    Competitors of Kongsberg include Marshall Aerospace and Defence Group, Nammo and Roketsan.

  • Where is Kongsberg headquarters?

    Kongsberg headquarters is located at Kirkegårdsveien 45, Kongsberg.

  • Where are Kongsberg offices?

    Kongsberg has offices in Kongsberg, Asker, Horten, Kjeller and in 58 other locations.

  • How many offices does Kongsberg have?

    Kongsberg has 74 offices.