Kongsberg Gruppen ASA ( (NSKFF) ) has released its Q4 earnings. Here is a breakdown of the information Kongsberg Gruppen ASA presented to its investors.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Kongsberg Gruppen ASA is a Norwegian technology company specializing in maritime, defense, aerospace, and digital industries, known for its advanced engineering and technology solutions. In the latest earnings report, Kongsberg Gruppen ASA reported a significant increase in both operating revenues and profitability, with a substantial order intake of nearly NOK 90 billion in 2024, positioning the company for continued growth in 2025. The company achieved NOK 13,909 million in operating revenues for Q4 2024, marking a 17% increase from the previous year, driven by growth across all business areas, notably in Kongsberg Defence & Aerospace and Kongsberg Maritime. The company also proposed a NOK 3.87 billion dividend for 2024 and announced a five-for-one stock split. With a strong order backlog of NOK 128 billion, Kongsberg Gruppen ASA is well-positioned to handle market volatility and continue its growth trajectory, supported by strategic investments in capacity expansion and technological innovation.
