Kongsberg Gruppen ASA (KOG) Earnings Call Transcripts

Kongsberg Gruppen ASA's Latest Earnings Call - June 10, 2026

Kongsberg Gruppen ASA (KOG:NO) reported a robust performance during its Capital Markets Day on June 10, 2026, with significant growth in defense spending expected to drive future revenues. The company announced a revenue target of NOK 100 billion by 2029 and NOK 150 billion by 2033, reflecting a strong order backlog of NOK 152 billion. The management emphasized the importance of delivering on commitments to maintain customer satisfaction and outlined ambitious plans for production scaling and technological advancements.

Reported metrics

Guidance from management

Kongsberg aims to achieve NOK 100 billion in revenue by 2029 and NOK 150 billion by 2033, with an EBIT margin target above 16%. This guidance reflects the company's confidence in its order backlog and market opportunities.

What management said

Thank you, Martin. The next speaker is Kjetil Reiten Myhra, President of the Defense Systems division. Some of you may recall his presentation on our Air Defense Systems, NASAMS, during our last Capital Markets Day in 2024. And we're excited to provide you with an update of the development of NASAMS, the NASAM solutions since then, along with an overview of some of the other systems and solutions offered by our Defen...

The next speaker is Øyvind Kolset, President of the Missiles and Aerostructures division. He has been with Kongsberg for 28 years and has been the President for the Missiles and Aerostructures division for the last 9 years. We are excited to have him present more about what the Missiles Aerostructures division is doing and how the division has expanded capacity during the recent years and continue to do so. Øyvind, t...

What analysts pressed on

Analysts expressed concerns about the feasibility of achieving the ambitious revenue targets, particularly regarding production capacity and the potential impact of geopolitical factors on defense spending. Questions were raised about the scalability of operations and the ability to meet increasing demand for missile production.

Main topics on the call

• Revenue Growth Ambitions — Kongsberg aims to achieve NOK 100 billion in revenue by 2029 and NOK 150 billion by 2033, driven by increased defense spending and a strong order backlog. CEO Eirik Lie stated, "We are looking at a 44% increase in procur...
• Acquisition of Zone 5 Technologies — The acquisition of Zone 5 Technologies was completed, enhancing Kongsberg's capabilities in affordable mass production of missiles. This acquisition is expected to complement Kongsberg's existing high-end missile offerin...
• Defense Market Dynamics — The ongoing geopolitical tensions, particularly the war in Ukraine, have led to increased demand for defense solutions. Management highlighted that "the need for effective air defense was demonstrated from the very first...
• Production Capacity Expansion — Kongsberg is actively expanding its production capacity to meet rising demand, with new factories planned in Australia and the U.S. The CEO emphasized, "We still have the flexibility to increase production even further i...

Read the full Kongsberg Gruppen ASA transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Kongsberg Gruppen ASA earnings call transcripts on record, spanning February 12, 2020 to July 13, 2026. Based on this history, Kongsberg Gruppen ASA reports quarterly. The most recent call on file is dated July 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KOG

Exchange

OB

Country

NO

Sector

Industrials

Industry

Aerospace and Defense

Calls on record

31

First call

February 12, 2020

Most recent

July 13, 2026

Reporting cadence

quarterly