Kongsberg Gruppen ASA

KOG: XOSL (NOR)
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Kongsberg Earnings: Fast Deliveries Strengthen Confidence in Prolonged Growth; FVE Raised to NOK 395

Kongsberg’s third-quarter revenue rose 50% to NOK 11.3 billion, and EBIT increased 66% to NOK 1.86 billion, both about 9% ahead of consensus. Shares rose 13%, while the backlog reached NOK 174 billion.

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