Norway · Delayed Price · Currency is NOK Kongsberg Gruppen ASA Earnings Call Transcripts
Fiscal Year 2025
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International growth and rapid innovation drive strong financials, with revenue tripling in a decade and a NOK 16 billion Polish contract boosting future prospects. Margins remain stable, and order momentum is expected to continue as defense spending rises.
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Revenue and order backlog have more than doubled since 2021, driven by strong growth in both new build and aftermarket segments, with significant investments in R&D and digitalization. The company is well-positioned for further growth amid industry decarbonization and digitalization trends.
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2025 saw robust revenue and profit growth, record order intake, and a 23% increase in backlog, driven by strong demand in defense and maritime sectors. The approved demerger will create two focused companies, each entering 2026 with solid foundations and high revenue visibility.
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A demerger will create two focused, listed companies—maritime and defense/aerospace—each with dedicated leadership, robust order backlogs, and strong growth prospects. The split is supported by the main shareholder and aims to sharpen strategic focus and competitiveness.
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Q3 2025 saw 12% revenue growth to NOK 13.3 billion, strong profitability, and a 24% rise in net earnings. The board proposes demerging Kongsberg Maritime, while order backlogs and demand in defense and maritime remain robust.
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Revenue grew 19% in the first half with strong margins and order intake, especially in defense and discovery. Maritime margins declined due to divestments and mix shifts, but the outlook remains positive with robust cash and a strong European defense order book.
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Strong Q2 and H1 2025 results with 19% revenue growth and robust EBIT margin, driven by high demand in defense and maritime. Strategic acquisitions, a major missile order, and favorable market trends support confidence in long-term growth targets.
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Q1 2025 saw strong revenue and EBIT growth, with all segments contributing and order intake above NOK 20 billion. Strategic actions included portfolio integration, a business sale, and acquisitions, while robust demand in maritime, defense, and discovery segments supports a positive outlook.
Fiscal Year 2024
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2024 saw 20% revenue growth, record order intake, and margin improvements across all segments, with a strong cash position and increased dividends. Strategic investments, major contracts, and a robust order backlog support a positive outlook for 2025.
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Q3 saw 19% revenue growth and record profitability, with all business areas contributing and a robust order backlog supporting future expansion. Investments in new missile production facilities and strong demand in defense and maritime segments underpin a positive outlook for 2025.
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Revenue grew 23% year-over-year in the first half, with all business areas contributing and order backlog surpassing NOK 95.5 billion. EBIT margin improved to 12.5% in Q2, and major investments in capacity and technology support long-term growth ambitions.
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Ambitious plans target tripling revenue to NOK 120 billion by 2033, supported by record order backlog, major investments in capacity and R&D, and a focus on security, sustainability, and digital innovation. All business areas are positioned for growth, with strong financial discipline and adaptability to global trends.