Annual Report and Sustainability Report 2020

YEAR 2020

Key Figures 2020

KONGSBERG

EBITDA**

MNOK
  • EBITDA**
    MNOK 3 250
  • EBIT**
    MNOK 1 905
  • Profit for the year
    MNOK 2 932
  • Dividend per share***
    NOK 8.00
  • Earnings per share after tax
    NOK 16.08
  • Market capitalisation
    MNOK 31 714


*) 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.

Key figures 2020

MNOK
MNOK
2020
20193)
20183)
2017
2016
2015
2014
2013
2012
2011

SALES

SALES
Revenues
Revenues
25 612
23 245
13 807
 14 490 
 15 845 
 17 032 
 16 613 
 16 323 
 15 652 
 15 128 
New orders
New orders
28 818
31 413
15 879
 13 430 
 14 319 
 15 238 
 22 097 
 15 043 
 14 605 
 15 016 
Order backlog
Order backlog
35 947
32 347
16 707
 15 629 
 16 914 
 19 597 
 21 020 
 15 687 
 16 523 
 17 839 
Book-to-bill ratio
Book-to-bill ratio
1.12
1.35
1.15
 0.9 
 0.9 
 0.9 
 1.3 
 0.9 
 0.9 
 1.0 

PERFORMANCE

PERFORMANCE
Earnings before interest, taxes, depreciation and amortisation (EBITDA)1)
Earnings before interest, taxes, depreciation and amortisation (EBITDA)1)
3 250
2 113
1 126
1 092
988
1 697
1 998
 2 142 
 2 294 
 2 385 
Earnings before interest and taxes (EBIT)1)
Earnings before interest and taxes (EBIT)1)
1 905
1 029
701
585
462
857
1 196
 1 659 
 1 840 
 2 026 
Earnings before taxes (EBT)
Earnings before taxes (EBT)
1 855
833
780
 654 
 729 
 944 
 1 285 
 1 644 
 1 809 
 1 991 
Earnings after tax
Earnings after tax
2 932
717
704
 559 
 651 
 755 
 880 
 1 225 
 1 304 
 1 418 

PROFITABILITY

PROFITABILITY
EBITDA % 4)
EBITDA % 4)
12.7%
9.1%
8.2%
7.5%
6.2%
10.0%
12.0%
13.1%
14.7%
15.8%
EBIT % 4)
EBIT % 4)
7.40%
4.4%
5.1%
4.0%
2.9%
5.0%
7.2%
10.2%
11.8%
13.4%

BALANCE SHEET

BALANCE SHEET
Equity
Equity
13 301
12 810
12 626
 7 365 
 6 725 
 6 127 
 6 282 
 6 657 
 6 274 
 5 484 
Equity ratio % 5)
Equity ratio % 5)
33.9%
32.8%
45.70%
35.60%
 31.7% 
 32.0% 
 31.0% 
 38.2% 
 38.6% 
 35.1% 
Net interest-bearing debt
Net interest-bearing debt
(3 949)
(1 565)
(5 706)
 384 
 2 195 
(941)
 (3 551) 
 (1 935) 
(1 198)
 (2 191) 
Working capital1)
Working capital1)
(458)
17
(14)
955
2 533
2 698
155
775
1 000
(644)
Roace1)
Roace1)
20.8%
10.0%
12.5%
9.1%
8.2%
21.8%
35.9%
32.5%
36.3%
51.6%

EMPLOYEES

EMPLOYEES
Number of employees, total
Number of employees, total
10 689
10 793
6 842
6 830
7 159
7 688
 7 664 
7 493
 7 259 
 6 681 
Number of reported injuries per million hours worked (TRI)
Number of reported injuries per million hours worked (TRI)
1.7
2.3
1.6
3.2
3.5
4.1
4.7
3.7
 1.5 
 1.7 
Number of lost time days per million hours worked (ISR)
Number of lost time days per million hours worked (ISR)
21.2
31.4
17.6
16.2
32
14.2
45.3
15.6
 13.6 
 1.1 

THE ENVIRONMENT2) 5)

THE ENVIRONMENT2) 5)
Energy consumption (GWh) 
Energy consumption (GWh) 
167.1
178.4
131.2
124.4
122.8
119.35
123.7
127
114.7
108.9
CO2 emissions (metric tonnes)
CO2 emissions (metric tonnes)
40 619
74 114
35 466
32 517
33 464
39 268
26 006
25 294
19 579
22 747
Waste (metric tonnes) 
Waste (metric tonnes) 
7 420
7 830
1 888
1 884
 1 986
2 368
1 788
1 935
1 784
1 622

OWNER'S VALUE

OWNER'S VALUE
Market capitalisation
Market capitalisation
31 714
24 839
21 167
 18 120 
 14 940 
 17 400 
 14 760 
 15 300 
 14 940 
 13 920 
Earnings per share after tax (EPS) in NOK
Earnings per share after tax (EPS) in NOK
16.08
3.89
5.58
4.62
5.44
6.23
7.28
10.24
 10.91 
 11.83 
P/E in NOK
P/E in NOK
10.82
34.64
30.2
 32.70 
 22.95 
 23.05 
 16.77 
 12.49 
 11.46 
 9.82 
Dividend per share in NOK6)
Dividend per share in NOK6)
8.0
12.5
2.5
3.75
3.75
4.25
 9.25 
 5.25 
 3.75 
 3.75 
  1. See Note 34 for definitions.
  2. See Climate and Environmental Accounts for comparable figures.
  3. 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.
  4. Profit share from joint ventures are no longer included in EBITDA and EBIT. Compareable figures are adjusted.
  5. Figures for 2019 have been corrected.
  6. Proposed dividend per share for 2020 is NOK 8.00, whereof NOK 5.00 is on top of the dividend policy.

Historical development

Note to the chart 'Historical Development'
1) Figures for income statement for 2019 and 2018 are adjusted for disposed companies. Other figures are not adjusted.
2) Profit share from joint ventures are no longer included in EBITDA and EBIT. Compareable figures are adjusted.




KONGSBERG DEFENCE & AEROSPACE

Revenues

MNOK8,503+17.4% from 2019
READ MORE ABOUT KDA


*) Profit share from joint ventures are no longer included in EBITDA. Compareable figures are adjusted.


KONGSBERG MARITIME

Revenues**

MNOK16,319+7.4% from 2019
READ MORE ABOUT KM


*) Profit share from joint ventures are no longer included in EBITDA. Compareable figures are adjusted.
**) Figures for 2019 and 2018 are adjusted for disposed companies. Comparable figures earlier years are not adjusted.


OTHER ACTIVITIES

Revenues

MNOK790-1.5% from 2019
Read more about KDI


*) Profit share from joint ventures are no longer included in EBITDA. Compareable figures are adjusted.


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