Annual Report and Sustainability Report 2020
Extreme performance for Extreme conditions
Kongsberg Gruppen (KONGSBERG) is an international technology group that delivers advanced and reliable solutions that improve safety, security and performance in complex operations and under extreme conditions. KONGSBERG works with demanding customers in the global defence, maritime, oil and gas, fisheries and aerospace sectors.
The World of KONGSBERG
KONGSBERG is a leading global technology group that operates in 40 countries.
Directors’ Report 2020
2020 was a different year than we had planned for, as large parts of the world practically shut down in Q1 as a result of COVID-19. Despite the uncertainty and challenges posed by the pandemic, the company has seen satisfactory operations and the ability to deliver to its customers, secured significant order intake, and completed a number of business transactions.
Key Figures 2020
*) Figures in the income statement, orderintake and order backlog for 2019 and 2018 are adjusted for discontinued operations. Comparable figures earlier years are not adjusted.
**) Profit share from joint ventures are no longer included in EBITDA and EBIT. Compareable figures are adjusted.
***) Proposed dividend per share for 2020 is NOK 8.00, whereof NOK 5.00 is on top of the dividend policy.
Kongsberg Defence & Aerospace
Kongsberg Defence & Aerospace (KDA) has built up a solid order backlog with a good horizon and is experiencing growth in most product areas. 2020 was characterised by a focus on delivery and the facilitation of long-term growth.
2020 has been an exciting year for the collective global maritime industry. KM has been present for its many customers, adapted itself to the consequences of a pandemic and achieved greater profitability.
Kongsberg Digital (KDI) was established in 2016 to deliver next-generation software and digital solutions to customers in the maritime, oil and gas and renewable energy sectors. KDI possesses leading domain and digital expertise in areas which support increased automation and autonomous operations in the industry.
Technology for Global Challenges
Sustainable innovation is an integrated part of KONGSBERG’s business strategy. Our most significant contribution to achieving the sustainability goals is the supply of high-tech products and services, which reduce our customers’ emissions of harmful greenhouse gases.
KONGSBERG respects all internationally recognised human rights, as set out in our Code of Ethics and Business Conduct. Violations of human rights shall not occur at KONGSBERG.