Kongsberg Gruppen ASA

KOG: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Demerger to Unlock Value for Kongsberg as Defense Surges and Maritime Stands Alone

Loredana Muharremi

Oct 30, 2025

Business Strategy and Outlook

Kongsberg Gruppen maintains a solid balance between its civil and defense segments—the first-half 2025 revenue split stands at 46% maritime (civil) and the rest mainly from defense, with both segments backed by robust order books and steady aftermarket growth.

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Kongsberg Gruppen ASA

Demerger to Unlock Value for Kongsberg as Defense Surges and Maritime Stands Alone

Business Strategy and Outlook

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