Kongsberg Gruppen ASA

KOG: XOSL (NOR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kongsberg Earnings: Defense Execution and Record Backlog Support Long-Term Outlook; Raise FVE 9%

Loredana Muharremi

Feb 9, 2026

Kongsberg Gruppen reported 2025 revenue growth of 17% and EBIT margin of about 14%, excluding the gain from the steering gear and rudder divestment, supported by strong defense deliveries, resilient maritime performance, and a record order backlog providing high revenue for the next two years.

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Kongsberg Gruppen ASA

Kongsberg Earnings: Defense Execution and Record Backlog Support Long-Term Outlook; Raise FVE 9%

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