Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments, Kongsberg Maritime (KM), and Kongsberg Defence & Aerospace(KDA), and Kongsberg Digital (KDI). The KM segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels. This segment also provides winches for mooring, anchor handling, and special systems for offshore vessels, tugs, marine vessels, and various other classes of vessel, as well as cranes; hydro-acoustics; autonomous underwater vessels and solutions for autonomous maritime vessels; and products related to fisheries, systems for underwater mapping, and sensors and solutions for specialist vessels. The KDA segment offers various systems and services to the defense industry. It offers air defense and combat systems, sonars, and navigation for marine vessels and submarines, as well as integrated command and control systems; remote tower solutions for airports; remote control weapon stations for land-based vehicles and marine vessels; products for military tactical communication; naval strike and air-to-surface missiles; and lightweight composite and titanium components for F-35 combat aircraft. This segment also provides components and services to the space industry, as well as port monitoring systems; and maintenance, repair, and overhaul services. The KDI segment focuses on digitalization within the oil and gas, wind, and merchant marine markets. The company operates primarily in Norway, Europe, North America, South America, Asia, Australia, and Africa. Kongsberg Gruppen ASA was founded in 1814 and is headquartered in Kongsberg, Norway.

Kongsberg Gruppen ASA

Kongsberg is a technology company that provides solutions for businesses, partners, and nations in various domains including maritime, defense, aerospace, and digital technologies. The company operates from the depths of the sea to outer space and the digital frontier, focusing on innovating technology to protect people and the planet.

Kongsberg

Kongsberg Naval Services

We are an international corporation with strong Norwegian roots. Collaboration with our customers, partners and suppliers, and a commitment to understand the context where our technology is applied, are important driving forces behind the corporation’s international development and growth.

We share knowledge and drive improvements throughout our business, and seek to add value to every customer and in every sector where we operate. All our activities are characterised by integrity and concern for health, safety and the environment.

Our systems, services and products are in the international top league. We have obtained this position from more than 200 years of innovation, hard work and determination. Our solutions increase performance and optimise results in areas that are strategically important worldwide – maritime industry, defence and security, exploration of natural resources, such as oil, natural gas, fish stocks, as well as the exploration of space.

We protect people and planet by innovating technology today, for a better tomorrow.

Scali

KONGSBERG

Navier USN Autonomous Ship World Champions!

The Njord Challenge 2024 took place at Havet Arena in Trondheim, gathering seven teams and their Autonomous Surface Vehicles for an international competition. 

Navier USN from Universitetet i Sørøst-Norge emerged as this year’s champions, securing the title of World Champions in Autonomous Ships. After two weeks of intense focus—refining systems, coding, and teamwork—Navier USN celebrated their hard-earned victory. 

The team transitioned from a catamaran to a trimaran, implementing new software, hardware, organizational improvements, and a refined social media strategy. 

KONGSBERG, a proud sponsor of both Njord Challenge participants, Navier USN and Vortex NTNU, congratulates both teams on their outstanding contributions and celebrates Navier USN's success in the challenge.

“Njord Challenge is an excellent arena to witness the ingenuity of the up-and-coming engineering students while they compete in navigation, collision avoidance and automatic docking," Arne Johan Hestnes, Director Digital Technology, Kongsberg Discovery.

KONGSBERG's business area Kongsberg Defence & Aerospace sponsors Navier USN with financial resources under a two-year agreement.

Click here to read more: https://lnkd.in/gsKYWAy8

Photo credit: Navier USN/ Njord Challenge. Image of surface vehicle: Lars Bugge Aarset/ Ocean Autonomy Cluster
#NjordChallenge #autonomusvehicle #students

They are the best in the country. But compete in sports with very little money. Yet, the Norwegian athletes manage to compete at the top level.

One hundred thirty athletes in ten sports have participated in Summit2024, an initiative aimed at the Paris Olympics.

Summit2024 is called a national effort for summer sports. These are the ten sports included in the project.

They receive support from companies and private individuals, and the money is distributed among the various sports in a shared pool.

Read more here: https://lnkd.in/dnK8ZCt9

#Summit2024 #Olympics #Norway Olympiatoppen

This week, KONGSBERG joined Höegh Autoliners’ naming ceremony for its brand new Höegh Aurora vessel.

Kongsberg Maritime is a key supplier providing essential components from the bridge to the propellers on all 12 vessels in the Aurora series. 

In 2019, Höegh Autoliners was the first customer of Vessel Insight, our business area Kongsberg Digital's cloud infrastructure. To exploit new ways to reduce emissions, increase predictability, and improve safety.

 Also, in this week’s Connect Newsletter ⬇

 -         TerraLens Powers ASRC Federal’s iTACSIT Mission Software Solutions
 -         Successful Test of Hybrid Rocket
 -         110-year-old, State-of-the-art Research Vessel
 -         Small But Incredibly Impressive
  
 Click, share and subscribe!
  
#newsletter #technology Kongsberg Defence & Aerospace Kongsberg Discovery Andøya Space Kongsberg Geospatial

Modern naval vessels must be able to quickly deploy and retrieve an array of marine robots, such as AUVs, underwater ROVs, and USVs, as well as handle manned craft and cargo. 


Navies are rapidly adjusting to a new way of sea warfare in which marine robots such as unmanned surface vehicles (USVs) and autonomous underwater vehicles (AUVs) will play vital roles.

Some navies are even experimenting with dedicated brigades that focus on marine robotics. 

Navies want platforms that can easily be transformed to meet the mission requirements; so, the days of ships that are dedicated to a small range of tasks are over.

Read more here:https://lnkd.in/d46Va9Gc

#maritime #defence #navy

Could drones be spies seeking information? Or could they be attempts by hostile nations to create confusion and fear?

Drones are often used by actors with less innocent intentions than curious tourists. Nearly all commercial drones are equipped with cameras capable of recording high-quality videos. 

Since the pilot can fly relatively unnoticed near buildings and installations, drones are well-suited for mapping and gathering information.

This could include entrances to buildings, security systems, or vulnerable points, such as those related to electricity or fuel supplies.

The availability of such drones means we have good reason to secure critical infrastructure here in Norway.

Read more about the threat against critical infrastructure:
https://lnkd.in/dtKBnf6k

#criticalinfrastructure #security #Norway

A key national security requirement is the effective understanding of all activities, events and trends in the maritime domain that could threaten the safety, security, economy, or environment of a state. 

VANGUARD combines World Class expertise in Naval Systems Integration from our business are Kongsberg Defence & Aerospace, ship design expertise from the most challenging waters in the world by Salt Ship Design AS and ship equipment from our business area Kongsberg Maritime which has proven its quality from more than 30 000 ships around the world.

The VANGUARD system introduces an efficient and proven design to purpose process securing customer involvement in the configuration, local yards participation in the build process and short build time, all of which ensures that the ship is relevant and state of the art when delivered.

Read more about proven ship design expertise from the roughest waters in the world: https://lnkd.in/dd5HZkED

#standardfartøy #defence #sjøforsvaret

Critical infrastructure at sea is vulnerable, but we can protect it 🛡 

Critical infrastructure at sea supports international communication, keeps the power on and props up economies. Threats to that infrastructure are increasingly common and becoming more and more sophisticated.

Protecting our infrastructure requires cross-border collaboration and a system that can surveil a huge area, correctly identify threats and has clear guidelines for threat response. We must be a step ahead by leveraging technology and creating a system that is robust, cross-sector and coordinated.

We are uniquely placed to deliver integrated technologies that protect every aspect of critical infrastructure at sea.

Read more here: https://lnkd.in/d69XZYTq

#criticalinfrastructure #Norway #energy

This week, our business area Kongsberg Maritime continue to solidify its reputation as a leader in next-generation cargo ship development having been awarded a further contract from Danish operator TERNTANK to design and equip its eleventh hybrid chemical tanker, which will be wind-assisted.

Also, in this week’s Connect Newsletter ⬇
-         Announced Fully Automated Launch and Deorbit Service

What you might have missed in July: 
-         Deliver Remote Towers to Seven New Norwegian Airports
-         Q2 2024: 21 Per Cent Growth and EBIT of NOK 1.45 Billion
-         Introduces First Underwater Mountable Thruster with Permanent Magnet Motor
-         Signed Development Contract for Supersonic Strike Missile (3SM)
-         Establishing Tokyo Office to Expand Presence in Japan
 
Click, share and subscribe!
 
  #newsletter #technology Kongsberg Defence & Aerospace Kongsberg Digital Kongsberg Discovery KSAT – Kongsberg Satellite Services

Our next warrior is Grace Bullen! She will represent Norway in wrestling at the Paris 2024 Olympics. 

However, her journey to this point was far from certain. When she was close to giving up, an Instagram message changed everything. Since 2022, she has been living in Georgia, focusing on training with World and European Champion Zurabi Iakobishvili. 

On her third attempt, she finally managed to qualify for the Olympics, and KONGSBERG is honored to support her on this journey. 

Let's cheer for Grace as she battles her way to an Olympic medal on August 9!

Athletes in niche sports often face significant financial challenges, living on the brink of what is economically feasible to succeed in the lead-up to the Olympics. 

Summit 2024 is a collaborative project between Olympiatoppen and ten sports disciplines, aimed at winning as many medals as possible at the Paris 2024 Olympics. 

KONGSBERG is a proud main partner of Summit 2024.

Olympiatoppen
Photo: Ove Gundersen og Andrea Irgens

“This is uncharted ground. We don’t know yet how the International Maritime Organization will treat this kind of vessel. For now, local flags and classification societies will decide how to handle them. It's a completely different way of thinking.”

Learn more about unmanned offshore surface vessel Reach here: https://lnkd.in/dpyWctj2

#unmannedvessel #autonomous #maritimeindustry

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	16.32B -	16.55B 1.40%	17.03B 2.90%	15.85B 6.97%	14.49B 8.55%	14.38B 0.75%	24.08B 67.45%	25.61B 6.36%	27.45B 7.17%	31.80B 15.86%	40.48B 27.29%
cost of revenue	5.42B -	5.57B 2.90%	5.98B 7.38%	5.95B 0.57%	4.42B 25.75%	4.30B 2.72%	9.33B 117.08%	8.85B 5.12%	9.58B 8.21%	11.21B 17.05%	34.46B 207.42%
gross profit	10.91B -	10.98B 0.66%	11.05B 0.63%	9.90B 10.44%	10.07B 1.79%	10.08B 0.11%	14.75B 46.30%	16.76B 13.62%	17.87B 6.62%	20.59B 15.22%	6.02B 70.77%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses
research and development expenses											1.51B -
other expenses
cost and expenses	14.66B -	15.10B 2.95%	15.86B 5.04%	15.36B 3.15%	13.87B 9.72%	13.61B 1.83%	22.90B 68.26%	23.59B 3.01%	24.57B 4.17%	28.47B 15.86%	35.98B 26.35%
operating expenses	9.25B -	9.53B 2.98%	9.88B 3.67%	9.41B 4.72%	9.45B 0.41%	9.31B 1.42%	13.57B 45.74%	14.74B 8.60%	15.00B 1.74%	17.26B 15.10%	1.51B 91.24%
interest expense	46M -	33M 28.26%	27M 18.18%	65M 140.74%	113M 73.85%	104M 7.96%	255M 145.19%	241M 5.49%	204M 15.35%	301M 47.55%	283M 5.98%
ebitda	2.17B -	2.06B 5.34%	1.83B 11.18%	1.22B 33.48%	1.30B 6.99%	1.39B 6.61%	2.34B 68.42%	3.55B 52.05%	4.36B 22.75%	5.11B 17.25%	5.90B 15.43%
operating income	1.66B -	1.26B 24.17%	944M 24.96%	692M 26.69%	772M 11.56%	945M 22.41%	1.24B 31.22%	2.21B 78.06%	3.14B 42.07%	3.82B 21.77%	4.51B 17.98%
depreciation and amortization	483M -	482M 0.21%	540M 12.03%	522M 3.33%	507M 2.87%	449M 11.44%	1.10B 144.10%	1.34B 22.63%	1.22B 9.00%	1.29B 5.64%	1.39B 7.89%
total other income expenses net	-15M -	27M 280%		37M -	-118M 418.92%	-101M 14.41%	-273M 170.30%	-353M 29.30%	-215M 39.09%	-323M 50.23%	-190M 41.18%
income before tax	1.64B -	1.28B 21.84%	944M 26.54%	729M 22.78%	654M 10.29%	844M 29.05%	967M 14.57%	1.85B 91.83%	2.92B 57.52%	3.50B 19.68%	4.32B 23.45%
income tax expense	419M -	405M 3.34%	189M 53.33%	78M 58.73%	95M 21.79%	140M 47.37%	250M 78.57%	374M 49.60%	632M 68.98%	687M 8.70%	959M 39.59%
net income	1.23B -	873M 28.91%	747M 14.43%	653M 12.58%	554M 15.16%	701M 26.53%	700M 0.14%	2.89B 313%	2.16B 25.32%	2.77B 28.49%	3.71B 33.78%
weighted average shs out	138.13M -	138.13M 0%		138.13M -	120M 13.12%	126M 5%	179.97M 42.83%	179.80M 0.09%	179.02M 0.43%	177.37M 0.92%	176.04M 0.75%
weighted average shs out dil	138.13M -	138.13M 0%	138.13M 0%	138.13M 0%	120M 13.12%	126M 5%	179.97M 42.83%	179.80M 0.09%	179.02M 0.43%	177.37M 0.92%	176.04M 0.75%
eps	8.90 -	6.32 28.99%	5.41 14.40%	4.73 12.57%	4.62 2.33%	5.56 20.35%	3.89 30.04%	16.08 313.37%	12.06 25.00%	15.64 29.68%	21.08 34.78%
epsdiluted	8.90 -	6.32 28.99%	5.41 14.40%	4.73 12.57%	4.62 2.33%	5.56 20.35%	3.89 30.04%	16.08 313.37%	12.06 25.00%	15.64 29.68%	21.08 34.78%

COM:KONGSBERG

Kongsberg

Market Cap

16.77B

Beta: -

Volume Today

150

Avg: -

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