Kongsberg Maritime reported solid first-quarter 2026 results in its first earnings release as an independent publicly listed company following its separation from KONGSBERG in April.
Strong order intake and backlog
The company reported:
- Order intake of NOK 7.5 billion
- Revenue of NOK 6.6 billion
- EBITDA of NOK 893 million
- EBITDA margin of 13.4%
- Order backlog of NOK 27.9 billion
Kongsberg Maritime achieved a book-to-bill ratio of 1.13, indicating order intake continued to outpace revenues during the quarter.
Offshore and newbuild demand drive growth
The company said strong activity in the newbuild market supported performance, with revenues from new vessel deliveries rising about 20% compared with Q1 2025.
Demand was particularly strong in:
- Offshore vessels
- Tugboats
- Cargo vessels
The offshore segment was the main contributor to new orders during the quarter.
Aftermarket activity softens
Kongsberg Maritime noted weaker aftermarket deliveries in Q1, describing the segment as more sensitive to short-term market uncertainty and changing economic conditions.
However, CEO Lisa Edvardsen Haugan said the company remains confident in medium- and long-term demand trends:
“The underlying drivers both in the aftermarket and newbuild market remain intact and we see strong demand in the medium to long term perspective.”
First quarter as an independent listed company
The quarter also marked Kongsberg Maritime’s debut as a standalone listed company on the Oslo Stock Exchange after separating from KONGSBERG on 23 April 2026.
Haugan described the listing as a major milestone for the company, highlighting the efforts of employees and partners involved in the transition.
Outlook
Kongsberg Maritime said continued demand for:
- Energy-efficient vessels
- Maritime digitalization
- Advanced offshore technologies
is supporting long-term market fundamentals despite increased geopolitical and economic uncertainty.
The company enters the remainder of 2026 with a strong backlog and continued momentum in global shipbuilding activity.
