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Kongsberg Gruppen ASA (KOG.OL)

KOG.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kongsberg Buys Aerospace Industrial Maintenance Norway
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Kongsberg Gruppen Asa ::KONGSBERG GRUPPEN ACQUIRES AEROSPACE INDUSTRIAL MAINTENANCE NORWAY AS.KONGSBERG GRUPPEN ACQUIRES AEROSPACE INDUSTRIAL MAINTENANCE NORWAY AS.KONGSBERG GRUPPEN - HAS ENTERED INTO AGREEMENT WITH PATRIA FOR A SHARED OWNERSHIP WHERE KONGSBERG IS MAJORITY SHAREHOLDER WITH 50.1% OWNERSHIP.AIM GROUP IS EXPECTED TO HAVE A REVENUE OF AROUND NOK 1 BILLION AND AN EBITDA MARGIN OF 8-9% FOR 2018.PURCHASE PRICE WILL BE FINANCED BY AVAILABLE CASH AND FINALLY SETTLED IN 2023.PARTIES HAVE AGREED AN ENTERPRISE VALUE OF NOK 151 MILLION.PURCHASE PRICE WILL BE FINANCED BY AVAILABLE CASH AND FINALLY SETTLED IN 2023.VALUE REFLECTS COMMITMENT FOR AIM TO INVEST AROUND NOK 540 MILLION IN F-35 NATIONAL FACILITY AT RYGGE OVER NEXT 2-3 YEARS.  Full Article

Kongsberg Gruppen Rights Issue Oversubscribed
Wednesday, 21 Nov 2018 

Nov 22 (Reuters) - Kongsberg Gruppen ASA ::SAID ON WEDNESDAY PRELIMINARY COUNTING INDICATES RIGHTS ISSUE HAD OVERSUBSCRIPTION RATE OF ABOUT 25.7 PCT.HAS RECEIVED SUBSCRIPTIONS FOR ABOUT 75.4 MILLION NEW SHARES, WHILE ABOUT 60 MILLION NEW SHARES WERE OFFERED IN THE RIGHTS ISSUE.  Full Article

Kongsberg Gruppen: Potential Bond Issue Of Up To NOK 1 Billion
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Kongsberg Gruppen ASA ::: FIXED INCOME INVESTOR MEETINGS AND POTENTIAL NEW BOND ISSUE.ENGAGED ARCTIC SECURITIES AND NORDEA TO ARRANGE A SERIES OF FIXED INCOME INVESTOR MEETINGS IN NORDIC REGION.FIXED INCOME INVESTOR MEETINGS AND POTENTIAL NEW BOND ISSUE.ISSUANCE OF UP TO NOK 1 BILLION OF SENIOR UNSECURED BONDS WITH MATURITY OF UP TO 5.5 YEARS MAY BE COMPLETED, SUBJECT TO MARKET CONDITIONS.  Full Article

Kitron Selected As Main Supplier Of Electronics For CROWS
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Kitron Asa ::REG-KITRON SELECTED AS MAIN SUPPLIER OF ELECTRONICS FOR CROWS.LONG-TERM MANUFACTURING AGREEMENT EXPECTED TO GENERATE REVENUES OF NOK 300 MILLION WITH KONGSBERG DEFENCE & AEROSPACE AS.FOR KITRON'S FACTORIES IN US AND NORWAY CROWS PROGRAM IS EXPECTED TO GENERATE ANNUAL REVENUES OF NOK 60 MILLION OVER NEXT FIVE YEARS..  Full Article

Kongsberg Gruppen Q3 EBIT NOK 240 Million, Below Expectations
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Kongsberg Gruppen ASA ::A GOOD QUARTER WITH STRONG MARITIME ORDER INTAKE.A GOOD QUARTER WITH STRONG MARITIME ORDER INTAKE.Q3 EBIT NOK 240 MILLION (REUTERS POLL NOK 247 MILLION).KONGSBERG'S OPERATING REVENUES IN Q3 ARE NOK 3,154 MILLION.Q3 NET PROFIT NOK 155 MILLION (REUTERS POLL NOK 182 MILLION).  Full Article

Kongsberg Awarded CROWS Contract Valued USD 74 Million
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG AWARDED CROWS CONTRACT VALUED USD 74 MILLION.KONGSBERG AWARDED CROWS CONTRACT VALUED USD 74 MILLION.  Full Article

Kongsberg To Supply Integrated Technology For New Heavy Lift Crane Vessel
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG TO SUPPLY INTEGRATED TECHNOLOGY FOR NEW HEAVY LIFT CRANE VESSEL.KONGSBERG MARITIME HAS SECURED AN USD 13 MILLION CONTRACT.FIRST IS CURRENTLY UNDER CONSTRUCTION BY CHINA MERCHANTS HEAVY INDUSTRY AND IS SCHEDULED TO ENTER SERVICE IN 2021.SECURED USD 13 MILLION CONTRACT TO EQUIP A NEW HEAVY LIFT CRANE VESSEL FOR OFFSHORE HEAVY TRANSPORT.  Full Article

Kongsberg Gruppen Q2 EBIT At NOK 124 Million, Above Expectations
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Kongsberg Gruppen ASA ::EVENTFUL QUARTER WITH IMPORTANT CONTRACTS AND STRONG ORDER INTAKE.Q2 EBIT NOK 124 MILLION (REUTERS POLL NOK 122 MILLION).Q2 NET PROFIT NOK 89 MILLION (REUTERS POLL NOK 83.0 MILLION).Q2 OPERATING REVENUE NOK 3.52 BILLION (REUTERS POLL NOK 3.66 BILLION).SAYS DUE TO WEAK ORDER BACKLOG, KDA’S PROTECH SYSTEMS DIVISION SEES LOWER OPERATING REVENUE DURING LAST TWO QUARTERS AND 2018 AS WHOLE.  Full Article

Kongsberg Maritime To Deliver Systems Valued At $18 Mln to Awilco drilling rig
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG TO DELIVER SYSTEMS VALUED AT MUSD 18 TO NEW AWILCO DRILLING RIG.CONTRACT IS VALUED AT AROUND USD 18 MILLION.SELECTED BY GLOBAL OFFSHORE AND MARINE GROUP KEPPEL OFFSHORE & MARINE.KONGSBERG MARITIME HAS BEEN SELECTED BY GLOBAL OFFSHORE AND MARINE GROUP KEPPEL OFFSHORE & MARINE.  Full Article

Kongsberg Gruppen Updates On Costs Incurred In Q2
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Kongsberg Gruppen ASA ::KONGSBERG MARITIME IN Q2 INCURRED NOK 50 MILLION IN EXCESS OF EXPECTED COSTS RELATED TO A SINGLE SOLUTION DELIVERY.IN RELATION TO ROLLS ROYCE COMMERCIAL MARINE DEAL AND OTHER M&A, KONGSBERG ALSO INCURRED COSTS OF NOK 79 MILLION.WILL ANNOUNCE RESULTS FOR 1ST HALF YEAR 2018 ON FRIDAY 24 AUGUST.  Full Article

Norway should invest NOK 2.5 bln in Kongsberg Gruppen share issue -government

OSLO, Sept 28 Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.