Norway · Delayed Price · Currency is NOK Kongsberg Maritime ASA Earnings Call Transcripts
Fiscal Year 2026
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Aftermarket revenue stabilized with positive momentum expected in H2, while strong new build order intake boosts visibility into 2027. The Berg Propulsion acquisition expands the portfolio and market reach, and a NOK 600 million cost-saving program is underway.
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Q2 2026 saw stable revenues and record backlog, driven by strong newbuild activity and the strategic acquisition of Berg Propulsion. Both main divisions grew year-on-year, with solid liquidity and a positive outlook for continued double-digit newbuild growth.
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Positioned for profitable growth, the company targets a 10% CAGR and EBITDA margin above 16% over five years, driven by diversification, digitalization, and energy transition. Strategic cost reductions, R&D investment, and M&A support expansion into new and adjacent markets.
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Q1 2026 saw 4.5% adjusted revenue growth, driven by strong new build demand and robust order intake, despite aftermarket softness and geopolitical disruptions. EBITDA margin was 13.4%, with a solid liquidity position and strong outlook for new builds.