Kongsberg Gruppen ASA

KOG: XOSL (NOR)
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Kongsberg Earnings: Strong Results, Demerger to Drive Possible Defense Rerating; Raise FVE by 3%

Kongsberg Gruppen's revenue rose 12% year on year, driven by a 38% surge in defense and aerospace, with 15.2% group EBIT margin for the quarter. The key highlight was the plan to demerge Kongsberg Maritime, creating a focused defense and discovery group and stand-alone maritime technology pure play.

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