Nammo Result 2006

Nammo AS had a considerable good and stable development in 2006.
Sales increased to 1991 MNOK compared to 1641 MNOK in 2005. The operating result improved from 206 MNOK in 2005 to 270 MNOK in 2006. Net income before tax (NIBT) was 270 MNOK compared to 216,5 MNOK in 2005. This correspond to a Return On Sales before Tax of 13,6%.  

The Group has experienced a continued positive development in the home market (Northern Europe) as well as in the export markets. The home market has had stronger growth than the export market in 2006. Nammo’s export outside the Nordic area was 54% in 2006 compared to 60% in 2005. 

All business areas in Nammo had a positive development in 2006. Nammo’s order backlog improved from 2005 to 2006 and looks positive for most of the business areas.

The number of man-years increased from 1162 in 2005 to 1260 in 2006.  

The continued improved development of the Nammo Group is due to strong focus on efficient management, quality of performance and a constant attention on improvements at all levels within the organisation.  

The integration of Nammo Bakelittfabrikken AS, acquired in 2005, is developing in the right direction. During first quarter of 2007 Nammo has acquired 60% of ND PressTec GmbH (Germany) and 100% of Talley Defense Systems Inc. (USA).  

The Group continues its focus on niche products with high technological content that has an increased demand in the defence market.  

Nammo total sales is expected to increase up to 2,6 Billion NOK in 2007 based on foreseen organic growth and above mentioned acquisitions.    


For further information, please contact:  

Morten Brandtzæg, Senior Vice President Finance & CFO
Tel: +47 61 15 21 03  

Sissel Solum, Vice President Communication
Tel: +47 61 15 22 42  

The Annual Report 2006 can be received on request to: info@nammo.com