Kongsberg Gruppen ASA
KOG: XOSL (NOR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|gB | LOCK|&^ | LOCK|qZBnGdP |
Kongsberg Earnings: Strong Fundamentals; Softer Near-Term Profit Conversion
Kongsberg reported a 31% increase in revenue year on year to NOK 10.4 billion, broadly in line with consensus. EBIT of NOK 1.67 billion and a 16.1% margin missed the 17% the market expected. Order intake of NOK 17.1 billion lifted the backlog to a record NOK 158 billion. Guidance was reaffirmed.
