Strategy and ambitions

In all that we do, we have a clear focus on generating superior, lasting value for our shareholders and for all our stakeholders. Over the long-term, we believe that the greatest shareholder value will be created by considering and acting on the opportunities and risks for KONGSBERG, viewed from a social development, environmental and economic perspective, and by engaging with all our stakeholders in an open and transparent manner in line with our purpose “to protect people and planet by innovating technology today, for a better tomorrow”.

Active portfolio management:

Our business areas provide vital solutions to our customers in the defence, space, energy, maritime and marine resources sectors, where we have strong positions in our core markets. We will pursue growth in these markets, as well as new and adjacent ones, and will look for opportunities where we can leverage off our deep domain knowledge and technological competencies across the Group, to create long-term and sustainable value according to our value creation principles. We will achieve this value creation through organic growth and will evaluate selected M&A and partner opportunities, where they align with our strategy. We will actively manage and adapt our portfolio to optimize our performance.

Driver for sustainable change:

Our company is dedicated to pursuing a more sustainable path for our development and to fostering a sustainability mindset that is embedded in our operations, our culture and our business philosophy. We have ambitions to be a driver for sustainable change and an accelerator in the energy transition. We are particularly well positioned to capture leading positions in fields such as green shipping, security and surveillance, sustainable ocean management, heavy industry digitalisation and offshore wind. Each of our business areas have contributions to make in the decarbonisation and digitalisation transitions and seizing relevant opportunities is a core part of our strategy.

Technology Leadership: 

Technology and its application in innovative and advanced ways is at the heart of our DNA. We have a core foundation of knowledge, systems and partnerships, built up over many years. Together with our people and culture, this forms the backbone of how and why we are able to deliver competitive solutions to our customers. At the heart of our strategy, we want to be a leader for developing, managing, delivering and supporting technology to our customers. We understand that sustainability, security, safety and efficiency are all essential factors in product and technology development and we will keep developing our deep domain knowledge in new and existing areas and keep applying state-of-the-art technologies to deliver the most advanced, sustainable and competitive solutions to our customers.

Greatest place to work:

At KONGSBERG, we value our people as our most important resource. We have ambitious goals and a clear vision, and we need talented and committed people who share our values and aspirations. We want to create a work environment where everyone can thrive and excel in their roles. We care about the well-being of our employees, the development of our leaders and the cultivation of a strong culture. We foster collaboration and partnership, diversity, inclusion and equality; and we encourage continuous learning, improvement and development. These are all key elements of our strategy.

Operational excellence: 

Our activities and processes are guided by a core philosophy of operational excellence, which aims to achieve long-term sustainable improvements that create value. We shall always operate with a “best in class” mindset and protect our license to operate. We shall optimize our value chains and continuously improve our operational efficiency. Moreover, our strong balance sheet and constant focus on good capital discipline provide a solid foundation for our business and operations. 

Underpinning these strategic pillars, we will continue to expand our deep domain knowledge, ensure that we acknowledge and maintain our strong brand and Norwegian heritage, continuously strengthen and develop our strong partnerships, and extend our global reach, to be present internationally, where it is relevant for our business and operations.

Our values to be Determined, Innovative, Collaborative and Reliable - will continue to underpin and guide the way we act. At all times, we shall also seek to navigate KONGSBERG in the best possible way through a rapidly shifting external landscape.