Kongsberg Gruppen ASA Q3 2008
WORLD CLASS – through people, technology and dedication AGENDA
• Financial status at Q3 2008 • Status for the business areas • Updates • Appendix
2 Continued progress in Q3
Operating revenue EBITA / EBITA margin 3,000 2,561 350 331 14% 2,500 300 12% 1,967 2,000 250 225 10% 1,450 1,402 1,500 200 155 8% 150 137 6% 1,000 100 4% 500 50 2% 0 0 0% Q3 2005 2006 2007 2008
2005 2006 2007 2008 EBITA EBITA margin
New orders Backlog
17,111 4,500 4,151 4,216 18,000 15,376 4,000 16,000 3,500 14,000 12,646 12,000 3,000 10,000 2,500 1,814 8,000 6,472 5,416 2,000 6,000 1,500 1,303 4,000 1,000 2,000 500 0 0 2005 2006 2007 At Q2 At Q3 Q3 2008 2008 2005 2006 2007 2008
3 Status 2008 YTD
Operating revenue EBITA / EBITA margin
10,000 900 803 12% 7,666 800 8,000 10% 700 6,091 576 6,000 600 8% 4,320 4,652 500 4,000 6% 400 332 2,000 300 253 4% 200 0 2% 100 YTD 0 0% 2005 2006 2007 2008
2005 2006 2007 2008 EBITA EBITA margin
New orders Backlog
17,111 14,000 12,430 18,000 11,991 12,000 16,000 13,071 14,000 12,646 10,000 12,000 8,000 10,000 6,000 5,210 8,000 6,472 4,441 5,416 6,000 4,000 4,000 2,000 2,000 0 0 YTD 2005 2006 At Q3 2007 AT Q3 2007 2008 2005 2006 2007 2008
4 Financial status for Q3 2008 Quarterly trends in operating revenue and EBITA
Operating revenue
3,000 2,752 2,561 2,500 2,353 • Operating revenue up by 30 per cent 2,271 2,215 2,068 1,967 compared with the same quarter of 2,000 1,853 1,683 1,567 2007 1,500 1,402 • MNOK 7 666 YTD, up 26 per cent 1,000 from MNOK 6 091 at 30 September 500 2007
0 Q1 Q2 Q3 Q4
2006 2007 2008 • The EBITA came to MNOK 331 in Q3 2008, up 47 per cent year-on-year • The YTD EBITA is up MNOK 227 EBITA relative to Q3 2007
350 331
300 277 • The EBITA margin was 12.9 per cent 250 225 220 in Q3 (11.4 per cent), 195 196 200 155 • YTD: 10.5 per cent (9.5 per cent) 150 137 132 102 93 100
50
0 Q1 Q2 Q3 Q4
2006 2007 2008
5 Financial status at Q3 2008 New orders and the backlog of orders
Backlog • The backlog of orders has increased by 18,000 17,111
16,000 35 per cent thus far this year
14,000 12,646 13,071 Up 11 per cent during the quarter 12,000
10,000
8,000 • New orders for the Group totalled MNOK 4 216 6,472 6,000 5,416 in Q3 (MNOK 4 151) 4,000 MNOK 11 991 thus far in 2008 (MNOK 12 430) 2,000 Good influx of new orders in both business 0 2005 2006 2007 Pr. Q3 2007 Pr. Q3 2008 areas
New orders
16,000 14,338 14,000 12,430 11,991 12,000
10,000
7,672 8,000
5,683 6,000
4,000
2,000
0 2005 2006 2007 Pr. Q3 2007 Pr. Q3 2008
6 Financial status at Q3 2008 Cash flow YTD
• Investments in tangible fixed assets Net cash flow YTD 2008 (MNOK) • The construction of a new composite plant – MNOK 320 EBITDA 935 Change in pre-payments from customers (64) • New factory for weapon control Change in other operational items (1 039) systems in the USA – MNOK 56 Cash flow from operating activities (168)
Acquisition of fixed assets (584) • Acquisition of subsidiaries Acquisition of subsidiaries (535) • GlobalSim – MNOK 84 Other investing activities (43) • Hydroid – MNOK 404 Cash flow from investing activities (1 162) • GeoAcoustics – MNOK 42 Cash flow from finansing activities 525
Net change, bank deposits and cash equivalents (805) • KONGSBERG had net interest- bearing debt of MNOK 1 269 at 30 September Net interest-bearing debt at 30 September 2008 1 269 • At year end, the Group had net cash reserves of MNOK 242
7 Key figures
Q3 Q3 YTD YTD 2007 2006 2005 2008 2007 2008 2007 Change, top line 30% 40% 26% 31% 24% 16% -4%
EBITDA 379 268 935 706 966 627 536 EBITDA/employee (NOK 1 000) 78 65 200 180 246 179 156 EBITA 331 225 803 576 796 464 378
EBITA margin 12.9% 11.4% 10.5% 9.5% 9.6% 6.9% 6.5%
EBT 180 202 616 492 685 390 314
Gearing ratio 47.3% 10.3% -9% 17% 19% Asset turnover ratio 1.00 0.96 0.90 Equity (%) 24.5% 25.4% 30% 23% 23% Book/bill 1.65 2.11 1.56 2.04 1.73 1.14 0.98 EPS 3.13 4.63 13.30 11.40 16.17 8.30 7.19
8 Kongsberg Maritime Status
9 Another strong quarter for Kongsberg Maritime
Operating revenue EBITA / EBITA margin
1,600 1,456 250 14% 1,400 193 12% 1,174 200 1,200 10% 136 1,000 839 150 8% 800 741 82 93 6% 600 100 4% 400 50 200 2% 0 0 0% Q3 2005 2006 2007 2008 2005 2006 2007 2008 EBITA EBITA-margin
Backlog New orders
7,357 8,000 2,500 6,597 2,137 7,000 1,918 2,000 6,000 5,333 5,000 1,500 4,000 3,054 1,085 3,000 2,158 1,000 857 2,000 1,000 500 0
2005 2006 2007 Pr. Q2 Pr. Q3 0 2008 2008 Q3 2005 2006 2007 2008
10 Kongsberg Maritime Status YTD
Operating revenue EBITA / EBITA margin
5,000 4,502 600 534 14% 4,000 3,539 500 12% 377 10% 3,000 2,312 2,566 400 8% 2,000 300 244 190 6% 1,000 200 4% 0 100 2% YTD 0 0% 2005 2006 2007 2008
2005 2006 2007 2008 EBITA EBITA-margin
Backlog New orders
7,357 7,000 6,386 8,000 5,886 7,000 6,000 5,469 6,000 5,333 5,000 5,000 4,000 3,326 4,000 3,054 3,000 2,760 3,000 2,158 2,000 2,000 1,000 1,000 0 0 YTD 2005 2006 Pr. Q3 2007 Pr. Q3 2007 2008 2005 2006 2007 2008
11 Kongsberg Maritime Quarterly trends in operating revenues and EBITA
Operating revenue
1,800 1,663 • Revenues climbed by 24 per cent 1,600 1,456 1,383 1,400 1,338 1,311 relative to Q3 2007 1,174 1,200 1,027 • Up 27 per cent YTD 987 1,000 865 862 839 800 600 • The EBITA came to MNOK 193 at Q3 400 2008, up 42 per cent year-on-year 200 0 • Up 42 per cent YTD Q1 Q2 Q3 Q4 • The EBITA margin was 13.3 per cent 2006 2007 2008 (11.6 per cent) • YTD: 11.9 per cent (10.7 per cent) EBITA
250
196 YTD operating revenues, by division 200 193 2008 2007
145 150 136 130 129 24 % 22 % 111 93 100 84 85 67
50 11 % 12 % 64 % 67 % 0 Q1 Q2 Q3 Q4
2006 2007 2008
Offshore & Marine Oil & Gas Subsea
12 Kongsberg Maritime New orders and the backlog of orders
Backlog • Backlog of orders up 38 per cent since year 8 000 7 357 end 7 000 6 597 6 187 6 000 • Up 12 per cent during the quarter 5 4695 333 5 000 4 686
4 000 3 687 2 9333 054 2 673 • Sales orders in this year's first three quarters 3 000 2 466 2 000 climbed by 8 per cent compared with the same 1 000 months of 2007 0 • Q3 rise of 11 per cent compared with 2007 Q1 - 06 - Q1 06 - Q2 06 - Q3 06 - Q4 07 - Q1 07 - Q2 07 - Q3 07 - Q4 08 - Q1 08 - Q2 08 - Q3
YTD new orders, by division New orders
8,000 2008 7,218 2007 7,000 6,386 20 % 5,886 6,000 24 %
5,000 4,408
4,000 3,566 10 %
3,000 11 % 2,000 70 % 65 %
1,000
0 2005 2006 2007 Pr. Q3 07 Pr. Q3 08 Offshore & Marine Oil & Gas Subsea
13 Kongsberg Maritime in Q3
• The BA has a high delivery rate in all segments • The subsea boom is continuing
• Good influx of new orders during the quarter • The backlog of orders is record high
• Continued focused marketing activities
• The Group acquired GeoAcoustics Ltd. of the UK in Q3
14 Kongsberg Defence & Aerospace Status
15 Continued progress in Kongsberg Defence & Aerospace
Operating revenue EBITA / EBITA margin
1,200 160 14% 1,076 138 1,000 140 12% 762 120 10% 800 686 100 85 76 8% 600 532 80 57 6% 60 400 40 4% 200 20 2% 0 0 0% Q3 2005 2006 2007 2008 2005 2006 2007 2008 EBITA EBITA margin
Backlog New orders
2,500 12,000 2,193 9,681 2,083 10,000 2,000 7,603 8,000 7,232 1,500 6,000 4,000 3,124 3,253 1,000 693 2,000 500 418 0 2005 2006 2007 Pr. Q3 Pr. Q3 0 2007 2008 Q3 2005 2006 2007 2008
16 Kongsberg Defence & Aerospace Status YTD
Operating revenue EBITA / EBITA margin
3,500 3,043 300 270 10 % 3,000 2,446 250 8 % 2,500 192 1,941 1,962 200 2,000 6 % 1,500 150 112 4 % 1,000 100 70 500 50 2 % 0 0 0 % YTD 2005 2006 2007 2008
2005 2006 2007 2008 EBITA EBITA margin
New orders Backlog 7,000 6,509 12,000 9,681 6,000 5,493 10,000 7,603 5,000 8,000 7,232 4,000 6,000 3,000 4,000 3,124 3,253 2,000 1,582 1,746 2,000 1,000 0 0 2005 2006 At Q3 2007 At Q3 YTD 2007 2008 2005 2006 2007 2008
17 Kongsberg Defence & Aerospace Quarterly trends in operating revenues and EBITA
Operating revenue • Revenues climbed by 41 per cent 1,200 1,076 1,040 1,035 relative to Q3 2007 1,000 927 891 892 • YTD improvement of 24 per cent 791793 800 762 639 600 532 • The EBITA came to MNOK 138 in Q3 400 2008, up 62 per cent year-on-year 200 • YTD improvement of 41 per cent
0 Q1 Q2 Q3 Q4
2006 2007 2008 • The EBITA margin was 12.8 per cent (11.2 per cent) • YTD: 8.9 per cent (7.8 per cent) EBITA
160 138 YTD operating revenues, by division 140 2008 2007 120 12 % 18 % 100 85 85 81 80 70 64 16 % 41 % 57 60 43 47 40 30 18 % 25 56 % 20 16 % 0 Q1 Q2 Q3 Q4 23 %
2006 2007 2008 Missiles & Aerostructures Naval Systems Integrated Defence Systems Dynamic Systems
18 Kongsberg Defence & Aerospace New orders and the backlog of orders
Backlog • Backlog of orders up 34 per cent since year
12,000 end
10,000 9,681 • Improvement of 12 per cent in Q3 8,675 7,603 7,921 8,000 7,232 6,252 6,000 • YTD sales orders valued at MNOK 5 493 (MNOK 3,733 4,000 3,253 6 509) 2,5932,7472,908 2,000
0 Q1 - 06 Q1 - 06 Q2 - 06 Q3 - 06 Q4 - 07 Q1 - 07 Q2 - 07 Q3 - 07 Q4 - 08 Q1 - 08 Q2 - 08 Q3
New orders YTD new orders, by division 8,000 7,085 7,000 6,509 2008 2007 10 % 6,000 5,493
5,000 16 % 40 % 4,000 43 % 3,071 3,000 1,980 8 % 2,000 66 %
1,000 7 % 10 % 0 2005 2006 2007 Pr. Q3 2007 Pr. Q3 2008 Missiles & Aerostructures Naval Systems Integrated Defence Systems Dynamic Systems
19 Kongsberg Defence & Aerospace in Q3
• Several important contracts were signed in this business area during the quarter New call-off orders on the CROWS framework contract totalled NOK 1.3 billion Contract for the delivery of underwater surveillance with the Turkish company ASELSAN The contract is valued at MNOK 130 and will be delivered over the next three years Framework agreement for the delivery of components for the American F-35 Lightning II (Joint Strike Fighter) This agreement is not counted in the backlog of orders as it refers to call-off orders under a framework agreement
• The defence market is distinguished by few and large-scale contracts Sales orders fluctuate as a result of this
20 Updates
21 KONGSBERG continues to grow …not least in terms of employees
• KONGSBERG now has 5 128 employees EBITDA per average number of • Of this number, 1390 work outside employees (NOK 1 000) Norway 300 • At year end 2005, 516 employees 246 250 worked abroad 200 179 180 200 156 150 • Over the past three years, the Group's 100 labour force has increased by 1 756 50 (52 per cent) 0 • 31 per cent increase in Norway 2005 2006 2007 YTD YTD 2007 2008 • 169 per cent increase abroad
3 372 employees at 31 Dec. 05 5 128 employees at 30 Sept. 2008
6% 13% 4% 5% Norway 8% Europe America 6% Asia
85% 73%
22 Independent market drivers contribute to KONGSBERG's resilience
Merchant shipping - transport by sea Global demand for energy •Carriage by sea •Trends in important economies (Asia) •Development in world trade •Production capacity (depletion) •USA/Europe versus Asia •Development projects in deep •Purpose-built versus dry cargo water •Age of vessel •Extended production life •Shipyard capacity and building •Oil prices costs Driftsinntekter 3 000 2 561 2 500 1 967 2 000 •Technology 1 402 1 500 Norwegian defence spending 1 000 500 0 International defence spending Q3 •Budgeted investments in the 2006 2007 2008 modernisation of the Norwegian •Individual countries' defence armed forces plans and budgets Backlog of orders •Fighter craft •Economic situation versus security policy analysis •NSM •International niche products, not •Upgrades, naval defence volume programmes •Development work •Long-term relationships
23 KONGSBERG is in a robust position in a complex global market
• KONGSBERG has good positions in the shipping/offshore and defence markets, and a record- high backlog of orders
• In the short term, the Group does not expect to be affected by the turbulence in the financial markets
• In the long term, a general economic downturn could also affect KONGSBERG’s level of activity • Generally low cancellation rate in respect of KONGSBERG's backlog • Kongsberg Maritime's capacity utilisation and workload will remain high in the years ahead as well • Kongsberg Defence & Aerospace generally has long- term contracts with public-sector customers
• The decline in the equity market means that the Group is writing down the value of its financial investments by MNOK 114. • This translates into earnings per share in Q3 of NOK 3.13, compared with NOK 4.63 in 2007, despite strong headway in operating earnings
• KONGSBERG has good routines and a high level of vigilance • Established delivery routines • Strong focus on debt collection routines • Thorough credit checks of new customers and suppliers
24 Objectives for the future From CMD 2008
• KONGSBERG will further enhance its market position in the years ahead and achieve a turnover of NOK 20 billion
• A challenging goal, but we feel we have established a good platform to reach this target
Kongsberg Maritime Kongsberg Defence & Aerospace • Growth in subsea activities continues • Well positioned in the market for weapon control systems • The market for autonomous underwater vehicles • Many major vehicle programmes planned by the is growing and KONGSBERG is positioned to international defence industry win its share • Naval Strike Missile (NSM) • Expecting continued growth offshore • The missile fully developed and ready for sale • Deepwater activities and more difficult conditions abroad are drivers for KONGSBERG • Fighter craft • Developing more diversified supplier positions in the • Well positioned with a view to both remaining offshore industry, oil and gas alternatives • A larger installed base of systems means better service • Well positioned with a view to potential customers, also in and more after sales air defence and naval defence
25 Prospects for the future
• Continued buoyant activity in Kongsberg Maritime’s markets • The BA's strong focus on the offshore market will continue In the market for commercial vessels, shipyards are experiencing high capacity utilisation and, as a result, delivery times for new vessels are long The pace of contracting new vessels at the shipyards is expected to slow down KONGSBERG is experiencing an increase in after sales and customer support Kongsberg Defence & Aerospace expects a continued strong influx of new orders and activities • The focus on advanced composite components for the aviation industry will continue Significant efforts are being made to develop a market for the sale and further development of missiles The robust order situation in the market for weapon control systems is expected to continue and there are many new opportunities in this market with a view to existing customers as well as new ones • The NOK/USD exchange rate is of great importance to the Group • Ongoing measures have been introduced to reduce the Group's foreign currency exposure All signed contracts are hedged against exchange rate fluctuations In addition, the Group hedges parts of anticipated new orders
Operating revenues and the EBITA, excluding non-recurring items, are also expected to be better in Q4 2008 than in 2007. Sales orders remain high and the backlog provides good platform for continued growth and profitability
26 Appendix
27 Financial status at 30 September 2008 Income statement
MNOK Q3 08 Q3 07 At Q3 08 At Q307 2007 2006 Operating revenues 2 561 1 967 7 666 6 091 8 306 6 720 Gains on sale of propertya 0 0 253 Total revenues 2 561 1 967 7 666 6 091 8 559 6 720 Operating expenses (2 182) (1 699) (6 731) (5 385) (7 340) (6 093) Non-recurring items attached to settlement of the 341 pension scheme a EBITDA 379 268 935 706 1 560 627 Depreciation (48) (43) (132) (130) (170) (163) EBITA 331 225 803 576 1 390 464 Amortisation (25) (10) (55) (30) (44) (16) EBIT 306 215 748 546 1 346 448 Net financial items (114) (114) Earnings before tax (12) (13) (18) (54) (67) (58) Tax expense 180 202 616 492 1 279 390 Result in the reporting period (86) (61) (217) (148) (293) (138) Minority interests 94 141 399 344 986 252 Equity holders of the parent - (2) (2) (2) (5) (3) 94 139 397 342 981 249 Earnings per share (NOK) Earnings per share, diluted (NOK) 3.13 4.63 13.30 11.40 32.71 8.30 Earnings per share, excl. non-recurring items 3.13 4.63 13,30 11,40 32.71 8.30 3.13 4.63 13,30 11,40 16.17 8.30 a Constitute non-recurring items
New orders (MNOK)
Operating revenues 4 216 4 151 11 991 12 430 14 338 7 672
28 Financial status at 30 September 2008 The balance sheet
MNOK 30 Sept. 08 31 Dec. 07 30 Sept. 07 Tangible fixed assets 1 673 1 206 1 189 Intangible assets 2 326 1 761 1 743 Other long-term assets 347 508 568 Total long-term assets 4 346 3 475 3 500 Current assets 6 481 4 792 4 668 Bank deposits and cash equivalents 142 947 542 Total current assets 6 623 5 739 5 210 Total assets 10 969 9 214 8 710
Paid-in capital 982 982 982 Accrued equity 1 691 1 765 1 223 Minority interests 12 11 9 Total equity 2 685 2 758 2 214 Long-term interest-bearing debt 1 411 705 771 Other long-term liabilities 1 527 1 437 1 680 Total long-term liabilities 2 939 2 142 2 451 Prepayments from customers 1 908 1 938 2 142 Other short-term liabilities 3 438 2 376 1 903 Total short-term liabilities 5 346 4 314 4 045 Total equity and liabilities 10 969 9 214 8 710
29 Shares and shareholders
20 largest shareholders (at 20 October 2008) Share performance - 12-month rolling
Shareholders # shares Stake Δ 2008 1 Norwegian Staten/Ministry of Trade and Industry 15 000 400 50,00 % - Index1) KOG compared with indexes from 2 National Insurance Fund 2 946 810 9,82 % 0,90 % 1 October 2007 3 Arendals Fossekompani ASA 2 388 199 7,96 % - 160.0 4 MP Pensjon 1 203 200 4,01 % - 5 Skagen Vekst 740 000 2,47 % -0,36 % 140.0 Total for the 5 largest shareholders 22 278 609 74,26 % 120.0 6 Orkla ASA 711 800 2,37 % 0,04 % 7 Odin Norge 637 330 2,12 % -0,46 % 100.0 8 Odin Norden 481 347 1,60 % -0,43 % 9 Odin Offshore 250 000 0,83 % - 80.0
10 State Street Bank and Trust Co. - nominee 205 121 0,68 % New 60.0 11 DnB NOR Norge (IV) 202 408 0,67 % 0,16 % 12 Vital Forsikring 184 939 0,62 % -0,23 % 40.0
13 Ferd Invest AS 150 000 0,50 % -1,17 % 20.0 14 Bank of New York, Brussels branch - nominee 116 503 0,39 % 0,13 % 15 Pactum 100 000 0,33 % - 0.0 16 Must Invest 100 000 0,33 % - Oct -07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct -08 17 BNP Paribas - Nominee 96 000 0,32 % New 18 The Northern Trust Co. - nominee 91 008 0,30 % New 19 Mellon Bank - nominee 91 000 0,30 % New 20 Intertrade Shipping 90 340 0,30 % New KOG Index OSEBX OSE Ind. Total for the 20 largest shareholders 25 786 405 86,0 % Total number of shares 30 000 000 100,0 %
1) KOG's share price relative to OSEBX and the industrial index. Closing share price on 1 October 2007 = 100
30 Currency
Hedging portfolio at 30 September 2008 (value in NOK) 3000 Hedging portfolio 2500 2000 Orders: All orders signed in foreign 1500 currencies are hedged, eliminating currency 1000 risk 500 Prognosis: Prior to signature, probable 0 2008 2009 2010 => contracts are also hedged pursuant to the guidelines stipulated in the Foreign USD Prognosis USD Orders Exchange Policy EUR Prognosis EUR Orders
Foreign exchange policy Foreign currency position
Hedging of all signed contracts 70-75 per cent of sales influenced by Partial hedging of anticipated revenues exchange rates in foreign currencies three years ahead. 30-35 per cent of costs in foreign currencies Approx.. 35 per cent net exposure, primarily Objectives: USD and EUR Create predictability and ensure Our competitiveness is influenced by: profitability for the existing product Changes in the NOK exchange rate, NOK/EUR, portfolio against all foreign competitors Allow time for operational and strategic Changes in the USD exchange rate, USD/EUR, initiatives in the event of lasting changes against all competitors with their cost base in in exchange rates USD or currencies linked to the USD
31 The Board of Directors of Kongsberg Gruppen ASA
Finn Jebsen(58), Chair of the Board Siri Hatlen (50), Director • Self-employed Executive Vice President, New energy, Statkraft • CEO of Orkla from 2001 to 2005 Other directorships: Det Norske Samlaget Publishing • Member of Orkla's Group Executive Board since 1984 House and AS Vinmonopolet. Director of PGS ASA, NTNU • Other directorships: Chair of the Board of Directors Kavli and Det Norske Teateret, among others Holding AS, Deputy Chair of Cermaq ASA and KLP forsikring (insurance), director of Berner Gruppen AS, Anders Wilhelmsen and Co AS and Norsk Hydro ASA. Benedicte Berg Schilbred(61), Deputy Chair Roar Marthiniussen (51) – Director (employee Executive Chair of the Board of the Odd Berg Group representative) Other directorships: Chairman of the Board Tos Lab AS, Sales and Marketing Manager at Kongsberg Maritime AS director in Norway Pelagic Group AS, Norsildmel AS and Engineer from the Horten College of Engineering Nordsildmel Innovation AS Employee representative on KONGSBERG's Board of Directors since 1999 Erik Must (65), Director Audun Solås (49), Director (employee representative) Other directorships: Chair of the Board of Directors in Chief Engineer, Kongsberg Defence & Aerospace Fondsfinans ASA, Fondsfinans Kapitalforvaltning Holding Graduate Engineer, Royal College of Technology, AS, Arendals Fossekompani, Gyldendal ASA and Erik Must Stockholm AS. Member of the Boards of the NSTC Media Group and Employee representative since 2005 the Norwegian Museum of Cultural History.
John Giverholt (55), Director Kai Johansen (40), Director (employee representative) CFO, Ferd AS Shop Steward in the Norwegian United Federation of Experience from Orkla ASA, DnB ASA and Norsk Hydro ASA Trade Unions, Kongsberg Defence & Aerospace Other directorships: Director of Telenor ASA Training from Kongsberg Vocational School Guild certificate as a CNC operator Employee representative since 2007
32 Financial Calendar and Investor Relations contacts
Financial calendar 2009 IR contacts
Arne Solberg, Publication of quarterly figures CFO • Preliminary financial Telephone: +47 32 28 95 75 statements 2008: 13 February E-mail: [email protected]
• Q1: 27 April Jan Erik Hoff Investor Relations Manager • Q2: 14 August Telephone: +47 32 28 83 30 / +47 99 11 19 16 E-mail: [email protected] • Q3: 23 October
Kongsberg Gruppen ASA Telephone: +47 32 28 82 00 Annual General Meeting E-mail: [email protected] • 7 May
For more information, see: www.kongsberg.com/eng/kog/InvestorRelations/
33 www.kongsberg.com. WORLD CLASS – through people, technology and dedication