In the latest quarter, we achieved robust results. Operating revenues rose, and profitability was on track. The demand for our solutions remains substantial, spanning both civilian and defence customers. Kongsberg Maritime has solidified its role as a catalyst for more environmentally friendly shipping. Kongsberg Discovery’s cutting-edge subsea technologies are highly sought after by both commercial and defence customers. Through the Yara contract, Kongsberg Digital has expanded into new industries with its digital twin solution. Kongsberg Defence & Aerospace signed an important agreement with the United States Air Force (USAF) for the delivery of the Joint Strike Missile (JSM). The USAF is by far the largest customer for the F-35 program and their choice of JSM could be a significant revenue driver for the defence area in the years to come.
In June, we hosted our Capital Markets Day. Our markets are experiencing substantial growth and restructuring, and our market positions have never been stronger. Recognizing the stability in our current company portfolio and the long-term demand outlook, we’ve set an ambitious goal: to triple our current revenue over the next decade. While this objective is ambitious, our commitment to evolution and adaptability makes it a realistic target.
Download Q2 2024 report here
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As we navigate this growth phase, our capacity becomes crucial. Over the past few years, we’ve made substantial investments in new hires, facilities, and process development. Notably, in June, we inaugurated Nexus—the new missile factory in Kongsberg. Nexus is poised to elevate missile production by handling large volumes. With a robust order backlog and strong demand for our missile technology, we are confident that Nexus will remain highly active for years to come.
KONGSBERG is well positioned with solutions that contribute to increased safety and a more sustainable society. We have a record-high order backlog, and our market activity has never been higher. This provides a solid foundation for continued growth.
