Kongsberg Maritime reported a strong second quarter of 2026, driven by robust newbuild activity, record order intake and a record-high backlog, while continuing to expand its strategic position through acquisitions.
The company ended the quarter with an order backlog of NOK 28.4 billion, the highest in its history. Quarterly order intake reached NOK 7.23 billion, resulting in a book-to-bill ratio of 1.09, while revenue increased to NOK 6.65 billion. EBITDA totalled NOK 830 million, corresponding to an EBITDA margin of 12.5%.
Newbuild activity remained a key growth driver. Activity increased 9% during the second quarter and 12% in the first half of the year. Offshore Energy led newbuild orders, followed by Naval & Government, Cargo and Tug segments. The company also achieved a newbuild book-to-bill ratio of 1.25 during the first six months of 2026.
Lisa Edvardsen Haugan, President and CEO of Kongsberg Maritime, said the results were in line with the company’s expectations presented during its Capital Markets Day in June.
“The wider market picture is good. Ordering activity in shipyards is well above last year, supporting further strong tailwinds. This provides solid prospects for us going forward,” she said.
The backlog increased by NOK 555 million compared with the first quarter, reaching NOK 28.4 billion. Around 87% of the backlog is linked to newbuild deliveries, providing strong visibility for future revenue.
On the aftermarket side, Kongsberg Maritime said customer decisions remain slower, particularly for larger upgrade projects. However, second-quarter aftermarket revenue improved slightly compared with the previous quarter.
The company also highlighted its agreement to acquire Berg Propulsion AB, announced a day earlier. The Swedish company designs and manufactures integrated propulsion and electrical systems for the marine sector.
Kongsberg Maritime said the acquisition will strengthen its propulsion portfolio and broaden its offering across additional vessel segments.
“The acquisition is central to our growth plan and strengthens our ability to serve a broader range of customers and vessel segments. Berg Propulsion complements our portfolio in a highly attractive way,” Haugan said.
