Kongsberg Gruppen ASA

KOG: XOSL (NOR)
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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.

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