Corporate Update on Kongsberg Gruppen ASA

Kongsberg Gruppen ASA will present its first‑quarter 2026 results via a digital webcast on Wednesday, 6 May. The presentation, conducted in English, will be followed by a question‑and‑answer session. The full report will be published the same day on the company’s website and on the news platform NewsWeb.

1. Financial Highlights and Workforce Overview

  • 2025 Turnover: Approximately 32.8 billion kroner.
  • Employee Base: About 7,800 staff operating in 20 countries.

Analysts expect modest year‑on‑year changes in earnings and revenue, reflecting a stable operating environment amid broader market adjustments.

2. Strategic Shift in Space Activities

The company is consolidating its space‑related capabilities by forming an operating alliance between its subsidiaries NanoAvionics and Satellite Services. The alliance aims to offer turn‑key satellite solutions to operators, streamlining product portfolios and strengthening Kongsberg’s competitive position in the space market.

This move aligns with growing demand for integrated satellite services, driven by increased data‑intelligence needs across both civilian and defence sectors.

3. Corporate Governance Developments

  • Bjarte Petersen, former CFO of Kongsberg Digital, has been appointed Chief Financial Officer of Itera ASA, a Norwegian technology and AI firm.
  • Petersen’s appointment is intended to reinforce Itera’s financial stewardship and strategic direction.
  • The transition underscores the sustained partnership between Kongsberg Digital and Itera, facilitated by shared executive experience.

4. Participation in the European Defence Fund

Kongsberg Gruppen has secured involvement in seven new projects under the European Defence Fund. This positions the company within a multi‑billion‑euro EU defence funding programme, signalling investor confidence in its expanded defence portfolio during a period of share‑market adjustment.

5. Implications for Investors and Stakeholders

The forthcoming quarterly report will shed light on:

  • The financial impact of the new space alliance.
  • Performance across defence, security, and surveillance sectors.
  • Outcomes of the European Defence Fund projects.

Analysts anticipate that these initiatives will contribute to a steady growth trajectory, while the integration of satellite services may unlock new revenue streams in the rapidly evolving space economy.

Prepared for corporate stakeholders and market participants seeking comprehensive insights into Kongsberg Gruppen ASA’s operational strategy and upcoming financial disclosures.