Kongsberg Maritime ASA (OSE: KMAR) today announced its results for the second quarter of 2026. A record-high order backlog driven by strong newbuild order intake and execution contributed to a solid quarter.
In the quarter, newbuild activity increased by 9%, and by 12% year-to-date. At the same time, the order backlog reached a record high.
“I am satisfied with the result, which is well in line with the outlook we presented at Capital Markets Day in June,” says Lisa Edvardsen Haugan, President and CEO of Kongsberg Maritime.
“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,” Edvardsen Haugan says.
Key financial highlights Q2
Operational highlights
On the newbuild order intake side, the year-to-date mix for Kongsberg Maritime is led by Offshore Energy, followed by Naval & Government, Cargo and Tug. This provides balanced exposure across key vessel segments. In H1, the company had a book-to-bill ratio of 1.25 in newbuilds.
“Our broad portfolio and exposure across vessel segments and throughout the vessel lifecycle are important strengths for us. The markets we operate in are often among the first to feel changes in the macro environment, and diversification is key to our success,” Edvardsen Haugan says.
The backlog increased by MNOK 555 from Q1 2026 to MNOK 28,406. With 87% of the backlog linked to newbuild deliveries, the company has good visibility in this part of the business.
“On the aftermarket side, customer decisions remain slower, especially for larger upgrade projects. However, we now see Q2 revenues coming in slightly higher than in Q1 this year,” she adds.
Acquiring Berg Propulsion
Yesterday, Kongsberg Maritime announced an agreement to acquire the Swedish company Berg Propulsion AB, a leading designer and manufacturer of integrated propulsion and electrical systems for the marine market.
The acquisition represents a strategic step in strengthening Kongsberg Maritime’s propulsion portfolio. Berg Propulsion is a well-established player delivering complete propulsion solutions and has demonstrated strong growth and a profitable market position in recent years.
“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,” says Lisa Edvardsen Haugan, President and CEO of Kongsberg Maritime.
Additional Information
Kongsberg Maritime will present the results for the second quarter of 2026 on Monday 13 July at 07:30 CEST. The presentation will be available as a live webcast at https://www.kongsbergmaritime.com. The presentation will be held in English, and participants will be able to ask questions online.