Norway's Kongsberg Q2 revenue beats estimates on strong order intake

Kongsberg Gruppen ASA

13/07/2026 07:48

Overview
Norway defence technology firm's Q2 revenue rose 31%, beating analyst expectations
EBIT for Q2 rose nearly 50% to NOK 1.7 bln, margin improved to 16.1%
Company completed acquisition of US missile firm Zone 5 Technologies in June
Company says order backlog of NOK 157.5 bln provides high visibility for future revenues

Outlook
Kongsberg Gruppen aims to reach NOK 100 bln revenue by 2029 and NOK 150 bln by 2033
Kongsberg Gruppen sees increasing demand for defence products from allied nations

Result Drivers
HIGHER VOLUMES & PROJECT EXECUTION - Co said improved profitability was driven by higher volumes and strong project execution across all divisions
STRONG ORDER INTAKE - Order intake rose, with the majority related to Joint Strike Missile contracts and increased sales to the US and Germany
GROWING DEMAND FROM ALLIED NATIONS - Co said demand for its defence products rose, with new contracts for missiles, air defence, and subsea infrastructure

Company press release: ID:nObiLDdDLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
NOK 10.39 bln
NOK 10.16 bln (4 Analysts)
Q2 EBIT
 
NOK 1.67 bln
 
Q2 EBIT Margin
 
16.10%
 
Q2 Orders
 
NOK 17.07 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy."
Wall Street's median 12-month price target for Kongsberg Gruppen ASA is NOK365.50, about 22% above its July 10 closing price of NOK299.50
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 33 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)