Good margins and a strong influx of maritime orders
Kongsberg Gruppen (KONGSBERG) reports good results also in Q3 2011.
The Q3 EBITA was MNOK 565, on a par with the corresponding quarter of 2010. Operating revenues totalled MNOK 3 460. This gives an EBITA margin of 16.3 per cent, compared with 14.9 per cent in Q3 2010. Q3 earnings per share (EPS) totalled NOK 3.18. YTD operating revenues at Q3 were at the same level as in 2010 and the EBITA was up MNOK 116, leading to a YTD EBITA margin of 14.1 per cent in 2011. At the end of Q3, the Group had net cash reserves of MNOK 728 and an equity ratio of 37.6 per cent.
"Our high technology platform, good sales and our focus on efficient operations contributes to the positive results for the Group. We are very pleased that the strong influx of new orders is continuing for our maritime businesses, and that the Group’s position in our niche defence technologies is very strong, comments CEO Walter Qvam.