Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q1 2025 Earnings Presentation
29 slides from Kongsberg Gruppen Asa's earnings presentation, 2025
Slide 1: Quarterly report 1st quarter 2025
Quarterly report 1st quarter 2025 #protectingpeopleandplanet
Slide 2: KONGSBERG
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes KONGSBERG The first quarter of 2025 has been strong, with growth in both operating revenues and profitability, and an order intake of almost NOK 21 billion. Despite the geopolitical uncer
Slide 3: Highlights and Key figures
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Financial • MNOK 14 622 in revenues, 28% growth from Q1 2024, 19% adjusted for the sale of the steering gear and rudder business • MNOK 2 892 EBIT in the quarter, of which MNOK 1 048 was
Slide 4: Results and order intake, Balance sheet, Cash flow
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Results and order intake Balance sheet was part of the Propulsion & Handling division in Kongsberg Maritime. In 2024 this business had revenues of approximately MNOK 950. The transaction
Slide 5: Kongsberg Maritime
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Kongsberg Maritime Key figures Revenues EBIT Orders 1.1. - 31.3 1.1. - 31.12 EBIT EBIT % Order intake Order backlog MNOK 2025 2024 2024 24 680 Revenues 6 743 5 402 24 766 6 743 20 053 14%
Slide 6: Kongsberg Maritime: Results, Other factors, Market and orders
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Results Other factors Revenues were MNOK 6 743 in Q1, an increase of 25 per cent Kongsberg Digital's maritime portfolio was transferred into compared to the same quarter last year. All di
Slide 7: Kongsberg Defence & Aerospace
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Kongsberg Defence & Aerospace Key figures Revenues EBIT Orders 1.1. - 31.3 1.1. - 31.12 MNOK 2025 2024 2024 EBIT EBIT % Order intake Order backlog 105 440 Revenues 5 375 4 917 19 123 EBIT
Slide 8: Results, Market and orders, Growth and significant investments
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Results Revenues were MNOK 5 375 in Q1, up 9 per cent from the same • Kongsberg NanoAvionics was selected by SpinLaunch as quarter last year. A large part of the growth in the quarter was
Slide 9: Kongsberg Discovery
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Tall og noter Kongsberg Discovery Key Figures Revenues EBIT Order Order intake Order backlog 1.1. - 31.3 1.1. - 31.12 EBIT EBIT % MNOK 2025 2024 2024 1 357 3 110 3 194 Revenues 1 357 1 052 4 427 1 052 13
Slide 10: Results, Market and orders, Other factors
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Results Sensor technology monitors and maps areas that are often difficult to access, such as along the seabed, deep sea and in the water column. Protecting and monitoring critical infras
Slide 11: Outlook
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Outlook Over the past years, KONGSBERG has had a positive development, demonstrated good adaptability, delivered significant growth and strong results. Kongsberg Defence & Aerospace has e
Slide 12: Numbers & Notes
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Numbers & Notes 12
Slide 13: Key figures by quarter
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Key figures by quarter KONGSBERG 2025 2024 2023 MNOK 2025 Q1 2024 Q4 Q3 Q2 Q1 2023 Q4 Q3 Q2 Q1 Revenues 14 622 14 622 48 872 13 909 11 924 11 589 11 450 40 617 11 936 9 978 9 614 9 090 EB
Slide 14: Key figures by quarter continued
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Key figures by quarter continued KONGSBERG DISCOVERY 2025 2024 2023 MNOK 2025 Q1 2024 Q4 Q3 Q2 Q1 2023 Q4 Q3 Q2 Q1 Revenues 1 357 1 357 4 427 1 241 1 122 1 012 1 052 4 001 1 195 937 948 9
Slide 15: Condensed income statement and comprehensive income
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Condensed income statement Condensed statement of comprehensive income 1.1. - 31.3 1.1. - 31.3 1.1. - 31.12 1.1 - 31.3 1.1 - 31.12 MNOK Note 2025 2024 2025 2024 2024 MNOK Note 2025 2024 2
Slide 16: Condensed statement of financial position
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Condensed statement of financial position 31.3 31.12 31.3 31.12 MNOK Note 2025 2024 MNOK Note 2025 2024 Assets Equity, liabilities and provisions Property, plant and equipment 7 020 6 804
Slide 17: Condensed statement of changes in equity
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Condensed statement of changes in equity 31.3 31.12 MNOK Note 2025 2024 Equity opening balance 19 269 16 465 Total comprehensive income 1 986 5 294 Dividends — (2 463) Transactions with t
Slide 18: Condensed cash flow statement
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Condensed cash flow statement 1.1 - 31.3 1.1 - 31.12 1.1 - 31.3 1.1 - 31.12 MNOK Note 2025 2024 2024 MNOK Note 2025 2024 2024 Earnings after tax 2 275 1 123 5 144 Net change interest-bear
Slide 19: General information and principles
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 1 General information and principles 3 Estimates General information Preparing the interim financial statement involves assessments, The consolidated financial statement for 1st quarter (
Slide 20: Segment information
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 4 Segment information Revenues EBITDA EBIT 1.1 - 31.3 1.1 - 31.12 1.1 - 31.3 1.1 - 31.12 1.1 - 31.3 1.1 - 31.12 MNOK 2025 2024 2024 2025 2024 2024 2025 2024 2024 1) Kongsberg Maritime 6 7
Slide 21: Shares in joint arrangements and associated companies
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 5 Shares in joint arrangements and associated companies Specification of movement in the balance sheet line Shares in joint arrangements and associated companies 1. January - 31. March 20
Slide 22: Leasing
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 6 Leasing KONGSBERG has leases that are primarily related to land and buildings, as well as leases for machinery, vehicles and Leasing assets and leasing liabilities recognised in the fin
Slide 23: Financial instruments
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 7 Financial instruments Loans and credit facilities Interest-bearing loans: The group has three bond loans amounting to a total of MNOK 2 500 . The maturity dates of the long-term bond lo
Slide 24: Forward exchange contracts
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Forward exchange contracts Fair value of balances classified as cash flow hedges, as shown in the condensed statement of comprehensive income, increased by MNOK 62 before tax during the p
Slide 25: Specification of derivatives and product developments
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Specification of derivatives: 31.3 31.12 MNOK 2 025 2024 Forward exchange contracts, cash flow hedges (a) 206 822 Forward exchange contracts, fair value hedges (b) 1 835 1 534 Cross-curre
Slide 26: Sale of steering gear and rudder business; Naxys Technologies AS
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 9 Transactions Sale of steering gear and rudder business Naxys Technologies AS KONGSBERG signed in September 2024 an agreement to sell its steering gear and rudder business, KONGSBERG Dis
Slide 27: Related parties, risk and uncertainty factors, Tax
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes 10 Related parties The Board is not aware of any changes or transactions in the 1st quarter associated with related parties that in any significant way have an impact on the Group’s finan
Slide 28: Alternative performance measures and definitions
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Alternative performance measures and definitions KONGSBERG uses terms in the consolidated financial statements Working capital is calculated as follows: that are not anchored in the IFRS
Slide 29: Quarterly report 1st quarter 2025 kongsberg.com
KONGSBERG | Kongsberg Maritime | Kongsberg Defence & Aerospace | Kongsberg Discovery | Outlook | Numbers & Notes Quarterly report 1st quarter 2025 kongsberg.com Disclaimer: In the event of any discrepancy between the Norwegian and the English version of KONGSBERG’s quarterly report, the Norwegian ve