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Kongsberg Gruppen ASA (KOG.OL)

KOG.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kitron receives communications order from kongsberg
Friday, 12 May 2017 04:48am EDT 

May 12 (Reuters) - KITRON ASA ::REG-KITRON RECEIVES COMMUNICATIONS ORDER FROM KONGSBERG.DELIVERIES WILL TAKE PLACE IN 2018..EQUIPMENT TO BE SUPPLIED IS RELATED TO AN EXISTING CONTRACT FOR DELIVERIES TO HUNGARY..HAS RECEIVED A NOK 34 MILLION ORDER FROM KONGSBERG DEFENCE SYSTEMS FOR MILITARY COMMUNICATIONS EQUIPMENT.EQUIPMENT TO BE SUPPLIED IS RELATED TO AN EXISTING CONTRACT FOR DELIVERIES TO HUNGARY.  Full Article

Kongsberg Gruppen Q1 EBITDA NOK 339 mln, misses expectations
Friday, 12 May 2017 01:00am EDT 

May 12 (Reuters) - KONGSBERG GRUPPEN ASA :IMPORTANT AGREEMENTS AND EVENTS IN THE FIRST QUARTER OF 2017.Q1 OPERATING REVENUE NOK 3.72 BILLION (REUTERS POLL NOK 3.98 BILLION).Q1 EBITDA 339 NOK MILLION (REUTERS POLL NOK 384 MILLION).END-Q1 ORDER BACKLOG NOK 16.67 BILLION (REUTERS POLL NOK 16.24 BILLION).LOWER OPERATING REVENUE IS EXPECTED FOR 2017 COMPARED WITH 2016.  Full Article

Kongsberg secures integrated system delivery to Germany
Thursday, 4 May 2017 02:30am EDT 

May 4 (Reuters) - KONGSBERG GRUPPEN ASA :KOG-KONGSBERG SECURES INTEGRATED SYSTEM DELIVERY TO GERMANY'S LARGEST RESEARCH VESSEL-OB IKKE-INFORMASJONSPLIKTIGE PRESSEMELDINGER.ATIAR II WILL BE BUILT AT FASSMER WERFT IN BERNE, AND IS SCHEDULED FOR DELIVERY IN 2020..KONGSBERG GRUPPEN ASA - SIGNED CONTRACT WITH GERMAN SHIP BUILDER FASSMER FOR DELIVERY OF A UNIQUE TECHNICAL SOLUTION FOR GERMAN FEDERAL MARITIME AND HYDROGRAPHIC AGENCY (BSH) RESEARCH VESSEL ATAIR II.  Full Article

Kongsberg Gruppen: contract with Norwegian Defence Materiel Agency
Monday, 27 Mar 2017 07:04am EDT 

KONGSBERG GRUPPEN ASA : THE NORWEGIAN ARMED FORCES PROCURES HUGIN AUTONOMOUS UNDERWATER VEHICLES FOR 155 MILLION NORWEGIAN CROWNS ($18.32 MILLION) .KONGSBERG MARITIME HAS SIGNED A CONTRACT WITH THE NORWEGIAN DEFENCE MATERIEL AGENCY (NDMA) FOR DELIVERY OF FOUR COMPLETE HUGIN AUV SYSTEMS.  Full Article

Kongsberg Gruppen signs NOK 2.30 billion revolving credit facility
Wednesday, 15 Mar 2017 11:46am EDT 

Kongsberg Gruppen ASA : Signs new revolving credit facility . Has signed 2.30 billion Norwegian crown ($267.3 million) revolving credit facility with a syndicate of five banks . New facility has a tenor of five years with two one-year extension options .New facility, which is for general corporate purposes, replaces existing revolving credit facility of 1.50 billion crowns Kongsberg has had since 2014.  Full Article

Kongsberg Gruppen establishes JV with thyssenkrupp Marine Systems and Atlas Elektronik
Thursday, 9 Mar 2017 04:00am EST 

Kongsberg Gruppen ASA : Kongsberg, thyssenkrupp Marine Systems and Atlas Elektronik enter into a comprehensive teaming agreement for submarines . Companies join resources and establish joint venture company in Norway .Shares in joint venture will be part-owned by both Norwegian and German partners.  Full Article

Kitron receives communications order from KONGSBERG
Wednesday, 15 Feb 2017 04:34am EST 

Kitron ASA : Receives communications order from KONGSBERG . Contract scope has an estimated value of 120 million Norwegian crowns ($14.29 million) .Deliveries will take place from 2017 to 2020.  Full Article

Kongsberg Gruppen says will have deliveries to new submarines
Monday, 13 Feb 2017 07:04am EST 

Kongsberg Gruppen ASA : Norwegian and German authorities initiates a comprehensive industrial cooperation on submarine and missile deliveries that could entail considerable contracts for Kongsberg Gruppen .Says Norwegian authorities announced that strategic partnership for submarine acquisition expands to include Kongsberg's «Naval Strike Missile».  Full Article

BRIEF-Kongsberg Gruppen Q4 EBITDA down at NOK 334 million
Wednesday, 8 Feb 2017 01:00am EST 

Kongsberg Gruppen ASA : Revenues in Q4 2016 are 3.95 billion Norwegian crowns ($475 million), 13.5 per cent reduction compared to Q4 2015 . Q4 EBITDA is 334 million crowns versus 493 million crowns year ago . Reduction is primarily due to offshore related activities, where revenues are down by 35 per cent . Quarterly EBITDA margin is 8.5 per cent, compared to 10.8 per cent in Q4 2015 . Proposes dividend of 3.75 crowns per share for fiscal year 2016 . For Kongsberg Maritime lower revenue are expected in 2017 compared to 2016, and there is still uncertainty in parts of order backlog . As for Kongsberg Defence Systems order coverage for 2017 is very good at start of 2017, which provides basis for somewhat increased revenue in 2017 . As for Kongsberg Protech Systems order coverage for 2017 is somewhat lower than in 2016 at start of the year . As for Kongsberg Protech Systems long-term potential for KPS remains same, but no growth is expected in 2017 .As for Kongsberg Digital no significant profit contribution is expected from KDI in 2017.  Full Article

Kongsberg gruppen Q4 EBITDA down at 334 million crowns
Wednesday, 8 Feb 2017 01:00am EST 

Kongsberg Gruppen ASA : Revenues in q4 2016 are 3.95 billion Norwegian crowns ($475 million), 13.5 per cent reduction compared to Q4 2015 . Q4 EBITDA is 334 million crowns versus 493 million crowns year ago . Reduction is primarily due to offshore related activities, where revenues are down by 35 per cent . Quarterly EBITDA margin is 8.5 per cent, compared to 10.8 per cent in Q4 2015 . Proposes dividend of 3.75 crowns per share for fiscal year 2016 . For Kongsberg Maritime lower revenue are expected in 2017 compared to 2016, and there is still uncertainty in parts of order backlog . As for Kongsberg Defence Systems order coverage for 2017 is very good at start of 2017, which provides basis for somewhat increased revenue in 2017 . As for Kongsberg Protech Systems order coverage for 2017 is somewhat lower than in 2016 at start of the year . As for Kongsberg Protech Systems long-term potential for KPS remains same, but no growth is expected in 2017 .As for Kongsberg Digital no significant profit contribution is expected from KDI in 2017.  Full Article

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BRIEF-Kongsberg Gruppen issues a NOK 300 million commercial paper

* HAS ISSUED COMMERCIAL PAPER ISIN NO0010793516 WITH TERM FROM 18.05.17 TO 18.10.17