KONGSBERG has kicked off 2025 with a robust financial performance, reporting a 28% year-on-year increase in revenues in the first quarter. Driven by strong demand across its defence, maritime, and subsea segments, the company recorded an order intake of MNOK 20,739 and an increased order backlog of NOK 134 billion. The Q1 results underscore KONGSBERG’s solid positioning in a fast-evolving global landscape, supported by strategic investments, acquisitions, and high-margin projects.
Kongsberg Maritime Sees Growth in Newbuilds and Aftermarket Services
Kongsberg Maritime contributed significantly to the group’s revenue rise, with Q1 revenues increasing to MNOK 6,743—a 25% rise from Q1 2024. This growth was fueled by strong deliveries to both newbuilds and the existing fleet, especially in LNG transport vessels and offshore segments. The integration of Kongsberg Digital’s maritime portfolio into Kongsberg Maritime further enhances its digital capabilities, enabling smarter, more energy-efficient vessel operations. A book-to-bill ratio of 1.3 reflects healthy future demand in both the newbuilding and aftermarket markets.
Discovery Division Expands with New Technologies and Autonomous Systems
Kongsberg Discovery also had a high-activity quarter, with revenues growing by 29% year-over-year to MNOK 1,357. It secured contracts for six HUGIN autonomous underwater vehicles and maintained a book-to-bill ratio of 1.08. The acquisition of Naxys Technologies AS in January 2025—specialists in detecting oil and gas leaks via acoustic sensors—adds a strategic sustainability dimension to KONGSBERG’s subsea capabilities. These developments position the company strongly in areas of security, environment monitoring, and subsea autonomy.
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Source: KONGSBERG
