Information regarding two items which affects the company's results for 2nd
Costs related to acquisitions
KONGSBERG announced 6 July 2018 signing of an agreement to aquire Rolls-Royce
Commercial Marine. In relation to this acquisition and other M&A activities it
has in 2nd quarter incurred total costs of NOK 79 million in the segment
Costs related to a single project in Kongsberg Maritime
In 2nd quarter it has incurred NOK 50 million in excess of expected costs
related to a single solution delivery. The costs are related to delays in the
project in addition to higher customization and development cost than estimated.
KONGBSBERG will announce results for 1st half year 2018 on Friday 24 August. The
half year report and presentation will be available on www.newsweb.no at 7 am,
and it will be a presentation in Vika Atrium conference center at 0815 am. The
presentation will also be webcasted.
For further information, please contact:
Jan Erik Hoff, Group Vice President, Investor Relations, (+47) 991 11 916
KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group
delivering high-technology systems and solutions to clients within the oil and
gas industry, merchant marine, defence and aerospace. KONGSBERG has 7,000
employees located in more than 25 countries and total revenues of NOK 14.5
billion in 2017. Follow us on Twitter: @kongsbergasa.
This information is subject to disclosure requirements pursuant to §5-12 of the
Norwegian Securities Trading Act.