Kongsberg Q1 order intake soars amid military conflicts, share jump

Kongsberg Gruppen ASA

06/05/2026 08:16

** Shares in Kongsberg Gruppen KOG.OL rise 7% in a strong aerospace and defence sector .SXPARO after the Norwegian defence technology maker posted soaring orders in the first quarter of 2026 amid growing geopolitical tensions

** Its Q1 order intake more than doubled to 26.54 billion Norwegian crowns ($2.88 billion) and Kongsberg cites "particularly strong performance" in the Defence Systems business

** Kongsberg expects revenue in 2026 to grow more than last year, after it rose 26% to 9.23 billion crowns in Q1

** Kongsberg shares among top risers on STOXX 600 .STOXX, taking its YTD gains to 60%

($1 = 9.2174 Norwegian crowns)

 (Reporting by Boleslaw Lasocki)

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