Annual Report and Sustainability Report 2019

YEAR 2019

Key Figures 2019

KONGSBERG

EBITDA

MNOK
  • EBITDA
    MNOK 2 279
  • EBIT
    MNOK 1 183
  • Profit for the year
    MNOK 717
  • Dividend per share
    NOK 2.50
  • Earnings per share after tax
    NOK 3.98
  • Market capitalisation
    MNOK 24 839

Key figures 2019

MNOK
MNOK
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010

SALES

SALES
Revenues
Revenues
24 081
14 381
 14 490 
 15 845 
 17 032 
 16 613 
 16 323 
 15 652 
 15 128 
 15 497 
New orders
New orders
32 452
16 574
 13 430 
 14 319 
 15 238 
 22 097 
 15 043 
 14 605 
 15 016 
 13 584 
Order backlog
Order backlog
33 129
17 283
 15 629 
 16 914 
 19 597 
 21 020 
 15 687 
 16 523 
 17 839 
 17 759 
Book-to-bill ratio
Book-to-bill ratio
1.35
1.15
 0.9 
 0.9 
 0.9 
 1.3 
 0.9 
 0.9 
 1.0 
 0.9 

PERFORMANCE

PERFORMANCE
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
2 279
1 394
 1 279 
 1 217 
 1 784 
 2 060 
 2 142 
 2 294 
 2 385 
 2 485 
Earnings before interest and taxes (EBIT)
Earnings before interest and taxes (EBIT)
1 183
945
 772 
 692 
 944 
 1 258 
 1 659 
 1 840 
 2 026 
 2 113 
Earnings before taxes (EBT)
Earnings before taxes (EBT)
967
844
 654 
 729 
 944 
 1 285 
 1 644 
 1 809 
 1 991 
 2 097 
Earnings after tax
Earnings after tax
717
704
 559 
 651 
 755 
 880 
 1 225 
 1 304 
 1 418 
 1 500 

PROFITABILITY

PROFITABILITY
EBITDA %
EBITDA %
9.5%
9.7%
8.8%
7.7%
10.5%
12.4%
13.1%
14.7%
15.8%
16.0%
EBIT %
EBIT %
4.9%
6.6%
5.3%
4.4%
5.5%
7.6%
10.2%
11.8%
13.4%
13.6%

BALANCE SHEET

BALANCE SHEET
Equity
Equity
12 810
12 626
 7 365 
 6 725 
 6 127 
 6 282 
 6 657 
 6 274 
 5 484 
 4 881 
Equity ratio %
Equity ratio %
32.5%
45.7%
35.6%
31.7%
32.0%
31.0%
38.2%
38.6%
35.1%
35.0%
Net interest-bearing debt
Net interest-bearing debt
(1 565)
(5 706)
 384 
 2 195 
(941)
 (3 551) 
 (1 935) 
(1 198)
 (2 191) 
(1 813) 
Working capital1)
Working capital1)
17
(14)
955
2 533
2 698
155
775
1 000
(644)
(522)
Roace1)
Roace1)
10.0%
12.5
9.1
8.2
21.8
35.9
32.5
36.3
51.6
65.2

EMPLOYEES

EMPLOYEES
Number of employees, total
Number of employees, total
10 793
6 842
6 830
7 159
7 688
 7 664 
7 493
 7 259 
 6 681 
5 681
Number of reported injuries per million hours worked (TRI)
Number of reported injuries per million hours worked (TRI)
2.3
1.6
3.2
3.5
4.1
4.7
3.7
 1.5 
 1.7 
6.3
Number of lost time days per million hours worked (ISR)
Number of lost time days per million hours worked (ISR)
31.4
17.6
16.2
32.0
14.2
45.3
15.6
 13.6 
 1.1 
22.3

THE ENVIRONMENT2)

THE ENVIRONMENT2)
Energy consumption (GWh) 
Energy consumption (GWh) 
165.1
131.2
124.4
122.8
119.35
123.7
127.0
114.7
108.9
103.2
CO2 emissions (metric tonnes)
CO2 emissions (metric tonnes)
60 393
35 466
32 517
33 464
39 268
26 006
25 294
19 579
22 747
20 005
Waste (metric tonnes) 
Waste (metric tonnes) 
7 830
1 888
1 884
 1 986
2 368
1 788
1 935
1 784
1 622
1 772

OWNER'S VALUE

OWNER'S VALUE
Market capitalisation
Market capitalisation
24 839
21 167
 18 120 
 14 940 
 17 400 
 14 760 
 15 300 
 14 940 
 13 920 
 15 960 
Earnings per share after tax (EPS) in NOK
Earnings per share after tax (EPS) in NOK
3.98
5.58
4.62
5.44
6.23
7.28
10.24
 10.91 
 11.83 
12.46
P/E in NOK
P/E in NOK
34.64
30.20
 32.70 
 22.95 
 23.05 
 16.77 
 12.49 
 11.46 
 9.82 
 10.64 
Dividend per share in NOK
Dividend per share in NOK
2.50
2.50
3.75
3.75
4.25
 9.25 
 5.25 
 3.75 
 3.75 
 3.75 
  1. See Note 33 for definitions.
  2. Figures incl. aquired companies. See Climate and Environmental Accounts for comparable figures.

Historical development

Kongsberg Defence & Aerospace

Revenues

MNOK7,245+18.7% from 2018

Kongsberg Maritime

Revenues

MNOK16,038+112.6% from 2018

Other activities

Revenues

MNOK798+9% from 2018
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