Norway · Delayed Price · Currency is NOK Kongsberg Gruppen ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 delivered record revenues and order backlog, driven by strong defense demand and major contract wins. The Zone 5 acquisition expands missile production, while ambitious growth targets are supported by a robust pipeline and market outlook.
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Ambitious new financial targets set: NOK 100 billion revenue by 2029 and NOK 150 billion by 2033, with EBIT margin above 16%. Growth is driven by strong demand for defense technology, expanded production, and strategic acquisitions like Zone 5, while all divisions leverage innovation and dual-use technology for sustained market leadership.
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Revenue grew 26% year-over-year to NOK 9.2 billion, with record order intake and backlog driven by major defense contracts. EBIT margin improved to 16.6%, and full-year revenue growth is expected to exceed 2025 levels despite currency headwinds.
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 H1 with strong margins and order intake, especially in defense and discovery. Maritime margins declined due to divestments and mix shift, but integrated systems and aftermarket remain robust. Missile production ramp-up and European defense demand support a positive outlook.
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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.