Kongsberg reports 20% revenue growth driven by defence

Kongsberg Gruppen reported Q2 2025 revenues of 13.9bn Norwegian kroner, up 20% year-on-year, with EBIT margin improving to 13.8% from 12.5%.

The company's defence division signed a 6.5bn kroner Joint Strike Missile contract with Germany, helping boost order backlog to 109bn kroner. Defence revenues surged 38% while maritime revenues increased 7%.

Order intake reached 18.2bn kroner, giving a book-to-bill ratio of 1.31.