Oslo, February 6, 2026, 13:04 CET — Regular session
- Kongsberg shares surged about 14% after the company released its quarterly results and announced a new weapons contract
- Company reports record order backlog and hints at a higher dividend for 2025
- Investors are focusing on the April dividend dates as well as the group’s planned corporate split set for later this spring
Kongsberg Gruppen ASA (KOG.OL) shares surged 14% to 367.15 Norwegian crowns by 13:04 CET on Friday, recovering sharply after a 2.6% drop the day before.
European defence shares took the lead while broader stocks found their footing, buoyed by Kongsberg’s jump after reporting quarterly earnings and securing a $165 million weapons deal.
A stock exchange notice set the dividend timetable: a regular 2.20 crowns per share, alongside a special 3.50 crowns dividend. Both await approval on April 13. Shares go ex-dividend April 14, with payments due April 22.
Kongsberg posted a 21% rise in Q4 revenues to 16,776 million crowns. EBIT climbed to 2,464 million, lifting the EBIT margin to 14.7%. The order backlog hit 157,419 million crowns, with a book-to-bill ratio above 1 across all segments, signaling that new orders exceeded sales. The company also confirmed plans to spin off Kongsberg Maritime, targeting a separate listing on April 23, pending shareholder approval at the January extraordinary meeting.
Kongsberg Defence & Aerospace has struck a deal with Patria to supply several hundred PROTECTOR RS4 remote weapon stations for the German and Swedish CAVS 6×6 armoured vehicle programmes. The contract is worth about 140 million euros, with potential for follow-up orders. “This contract positions the RS4 as the standard weapon station configuration across the multinational CAVS fleet,” said executive vice president Kjetil Reiten Myhra. TradingView
Broker sentiment turned upbeat. Danske Bank’s Tomas Helgø gave a “hats off” nod to the strong quarterly results, saying it was “exactly what we want to see.” SB1 Markets’ Ole-Petter Sjøvold called the quarter “lights out” and pointed to a dividend that seemed bigger than expected. E24
Management, though, warned of a more challenging road ahead. CEO Geir Håøy called the split a move that will leave two firms grappling with “rising geopolitical tensions, trade conflicts and uncertainty.” His comments underscore the risk of erratic order flows and potential investor churn tied to the separation. Kongsberg
The annual report will drop on March 23, with the annual general meeting scheduled for April 13. First-quarter results are due out May 7.
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