Kongsberg Gruppens inntekter økte til 11,3 milliarder kroner i tredje kvartal

Norwegian defense contractor Kongsberg Grupp posted stronger-than-expected third-quarter earnings of 11.3 billion kroner on Thursday morning. Overall, the key figures surpassed analyst expectations, according to Bloomberg estimates. Bloomberg's Fabian Jørgensen believed the primary driver would be the balance between margin growth and the absorption of order reserve in the drag race.

The company described the third quarter as "strong," highlighting the high interest in its missiles, air defense systems, and long-range weapon stations. Kongsberg attributes this to the robust order reserve, providing a solid foundation for future growth, said CEO Eirik Lie in the earnings report. The goal for Kongsberg, set in the summer, is to triple revenue to 100 billion by 2029 and further increase it to 150 billion in 2033.

Major defense investments over the past years, including in Europe, have significantly boosted earnings, order reserve, and Kongsberg stock. The company manufactures systems such as the NASAMS air defense system, the Joint Strike Missile (JSM) used by NATO combat aircraft and the Naval Strikes Missile (NSM). Norway, several NATO nations, and others are on the customer list.

This quarter included news of Belgium purchasing NASAMS for 10 billion kroner, the Netherlands expanding air defense capabilities for 1.5 billion kroner, and a NSM framework agreement with the US Marine Corps. Denmark also chose the JSM as its seventh country after the quarter. Concurrently, the defense firm announced a 54 million dollar (around 500 million kroner) contract with US authorities for autonomous underwater capabilities.

The Sonatech acquisition was also approved by US authorities this quarter. Zone 5 Technologies, a Kongsberg-owned missile company, was selected for a 65 million dollar (around 600 million kroner) US Navy program in the third quarter. Kongsberg stock has risen around 47 percent so far in 2026, ahead of today's release, but has since fluctuated after the peak in April. The stock has been relatively flat in the past week.