Annual Report 2011 - Kongsberg Maritime - Kongsberg Gruppen
Annual Report 2011 - Kongsberg Maritime - Kongsberg Gruppen
Annual Report 2011 - Kongsberg Maritime - Kongsberg Gruppen
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
KEY FIGURES<br />
<strong>2011</strong><br />
Beløp i mill. kr <strong>2011</strong> 2010 2009 2008 2007 2006 2005 2004 2003 2002<br />
Operations<br />
Operating revenues 15 128 15 497 13 816 11 056 8 306 6 720 5 791 5 901 6 651 6 980<br />
- operating revenues, outside Norway % 82 84 80 77 71 72 67 69 76 72<br />
- operating revenues, civilian % 47 45 52 62 62 57 59 54 54 58<br />
Earnings before interest,<br />
tax and amortisation (EBITA) 2 132 2 216 1 376 1 122 796 464 378 239 383 485<br />
EBITA margin % 14.1 14.3 10.0 10.1 9.6 6.9 6.5 4.1 5.8 6.9<br />
Earnings before tax (EBT) 2 008 2 097 1 169 861 685 390 314 180 190 291<br />
Profit for the year 1 430 1 500 828 587 490 252 262 118 125 216<br />
Order backlog 17 839 17 759 19 892 16 692 12 646 6 472 5 416 5 425 5 913 5 143<br />
Book-to-Bill Ratio 1.0 0.9 1.4 1.5 1.5 1.0 0.9 0.9 0.9 0.7<br />
Net interest-bearing debt (2 191) (1 813) (634) 1 439 (242) 294 282 1 101 1 164 795<br />
Employees 6 681 5 681 5 423 5 243 4 205 3 650 3 372 3 495 4 176 4 208<br />
Owners’ value<br />
Market capitalisation 13 920 15 960 10 590 9 840 10 170 5 250 3 720 2 970 3 180 2 715<br />
Earnings per share after tax in NOK 11.93 12.46 6.83 4.86 4.04 2.08 1.80 0.92 1.06 1.80<br />
P/E in NOK 9.72 10.67 12.92 16.87 20.96 21.08 17.24 27.62 25.06 12.55<br />
Equity 5 484 4 881 3 726 1 894 2 758 1 684 1 505 1 626 1 830 1 741<br />
Equity ratio % 35 35 30 15 30 23 23 26 30 31<br />
Dividend per share in NOK 3.75 3.75 2.00 1.38 1.25 0.63 0.54 0.50 0.33 0.53<br />
KEY FIGURES<br />
BY BUSINESS AREA<br />
Operating revenues EBITA<br />
Amounts in MNOK <strong>2011</strong> 2010 2009 <strong>2011</strong> 2010 2009<br />
<strong>Kongsberg</strong> <strong>Maritime</strong> 6 693 6 286 6 657 1 078 991 831<br />
<strong>Kongsberg</strong> Defence Systems 3 895 3 376 2 734 263 245 144<br />
<strong>Kongsberg</strong> Protech Systems 4 185 5 683 4 123 755 995 442<br />
Other/elimination 355 152 302 36 (15) (41)<br />
Total 15 128 15 497 13 816 2 132 2 216 1 376<br />
2002–2005<br />
Establishing an<br />
international platform for<br />
KONGSBERG, and<br />
investing in key product<br />
developments<br />
2007–<strong>2011</strong><br />
International expansion into<br />
America and Asia.<br />
Several breakthrough contracts<br />
awarded. Major shift in pro�tability.<br />
MNOK %<br />
16 000<br />
12 000<br />
8 000<br />
4 000<br />
0<br />
2002<br />
2003<br />
2004<br />
2005<br />
2006<br />
OPERATING REVENUES<br />
MNOK<br />
2007<br />
2008<br />
2009<br />
2010<br />
<strong>2011</strong><br />
16<br />
12<br />
8<br />
4<br />
0<br />
Revenues<br />
EBITA margin %<br />
2 INTRODUCTION<br />
7 DIRECTORS’ REPORT AND<br />
18 FINANCIAL STATEMENTS<br />
64 CORPORATE GOVERNANCE<br />
76 FINANCIAL CALENDAR AND ADDRESSES<br />
KONGSBERG <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> 3