Kongsberg slides after margin target miss
10/06/2026 12:55
BUZZ-Kongsberg slides after margin target miss
** Shares in Kongsberg Gruppen ASA KOG.OL fall more than 6% in volatile trade as margin guidance from the Norwegian defence and technology company disappoints
** At its capital markets day, company targets EBIT margin of more than 16%, without specifying a timeframe, versus 16.6% in the first quarter
** Swedbank says the target is well below expectations, implying 2026–2028 EBIT consensus could be cut by 6–7%
** Kongsberg expects short-term investments at about 7-9% of revenues, above consensus of NOK 2.8-3.3 billion for 2026-2028, the broker notes
** Stock top faller on the STOXX 600 .STOXX
(Reporting by Alexander Klyve Gudbrandsen)