Kongsberg's profit soars in 1st quarter on defence systems demand
08/05/2025 06:17
May 8 (Reuters) - Norwegian defence equipment maker Kongsberg Gruppen KOG.OL reported an 81% higher first-quarter core profit on Thursday, driven by demand for its missiles and air defence systems among others. Its operating earnings before depreciation and amortisation (EBITDA) soared to 3.29 billion Norwegian crowns ($318.3 million) in the first quarter on the year. ($1 = 10.3369 Norwegian crowns) (Reporting by Marta Frąckowiak in Gdansk; Editing by Milla Nissi-Prussak) ((marta.frackowiak@thomsonreuters.com))