Kongsberg extends Friday's gains on Q4 earnings beat

Kongsberg Gruppen ASA

09/02/2026 09:21

** Shares in Kongsberg Gruppen KOG.OL extend Friday's gains, rising close to 4%, boosted by the Norwegian aerospace firm's better-than-expected Q4 earnings

** SpareBank 1 Markets reiterates its "buy" recommendation, highlighting EBIT above consensus and the NOK 40 billion ($4.13 billion) of deliveries secured in the defence and aerospace unit for 2027

** Pareto Securities keeps the "buy" rating, citing its discount valuation, strong growth potential

** However, Kepler Cheuvreux cuts its recommendation to "reduce" from "hold" seeing the valuation has moved "ahead of fundamentals"

** Kepler hikes PT by nearly 34% to NOK 337, reflecting operational performance and Q4 beat

($1 = 9.6750 Norwegian crowns)

(Reporting by Vera Dvorakova)

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