Kongsberg falls after proposed maritime biz spin off

Kongsberg Gruppen ASA

30/10/2025 08:25

** Shares in Kongsberg Gruppen KOG.OL slump 11% after the Norwegian aerospace and defence company proposed spinning off its maritime business in IPO

** It said it aimed to demerge and list the Maritime unit on Oslo Bourse

** Maritime made up 51% of group's total operating revenue in 2024

** It said its other two units, Defence & Aerospace and Discovery, are to continue as Kongsberg

** Separately, the group reported higher Q3 order intake of NOK 16,889 million ($1.68 billion), up 30% year-on-year, due to an increase in missles and air defence deliveries

($1 = 10.0431 Norwegian crowns)

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))