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KOGo Kongsberg Gruppen ASA News Story

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Kongsberg Soars After Defence-Led Revenue Growth Tops Estimates

** Shares in Kongsberg Gruppen KOG.OL rise over 15% after company reported a bigger than expected rise in Q4 operating profit

   ** Q4 EBIT was at NOK 2.46 billion ($251.78 million), beating DKK 2.07 billion predicted in an LSEG poll of analysts

** Arctic Securities says revenue grew 21% year-on-year to NOK 16.8 billion, beating estimates, with an adjusted EBIT margin of 14.7%

** Kongsberg Defence & Aerospace (KDA) was a key driver, with 44% revenue growth and margins rising to 19% on a favourable mix and higher volumes

** The brokerage points to a dividend per share of NOK 5.70, roughly 10% above estimates, and a solid order intake of around NOK 32 billion

   ** Out of 9 analysts that cover Kongsberg Gruppen, four rate the stock "strong buy" or "buy"​ and five rate "hold" - LSEG data

($1 = 9.7703 Norwegian crowns)

 (Reporting by Agnieszka Olenska)

 ((Agnieszka.Olenska@thomsonreuters.com;))

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