Q1 2025 Kongsberg Gruppen ASA Earnings Call Transcript

May 8, 2025 / 06:15 AM GMT

Release Date Price: kr354.75 (+3.28%)

Transcript

Key Points

Positve

Kongsberg Gruppen ASA (NSKFF) reported a strong start to 2025 with an order intake exceeding 20 billion.
The company achieved a 19% year-on-year increase in revenues, with all business areas contributing to growth.
Kongsberg's maritime segment delivered a 25% year-on-year growth, driven by strong activity in both new building and aftermarket sectors.
The defense and aerospace segment saw a 22% adjusted growth rate, with significant contributions from air defense and missile projects.
Kongsberg's strategic acquisitions and integrations, such as the acquisition of Noxus technologies, have strengthened its offerings and market position.

Negative

The current geopolitical climate and international trade uncertainties pose challenges for Kongsberg Gruppen ASA (NSKFF).
The company's defense margins are subject to fluctuations depending on project mix, which can impact quarterly profitability.
Kongsberg's exposure to tariffs and trade regulations, particularly in the US, could affect its competitive position and cost structure.
The sale of the steering gear and rudder business, while financially beneficial, reduces the company's revenue base.
The integration of Kongsberg Digital's maritime portfolio into Kongsberg Maritime may present operational challenges during the transition.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KOG.OL - Kongsberg Gruppen ASA
Q1 2025 Kongsberg Gruppen ASA Earnings Call
May 08, 2025 / 06:15AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the presentation of Kongsberg's first quarter 2025 results.

Today's presentation will be given to you by President and Chief Executive Officer Gay Hoy, as well as executive Vice President and Chief Financial Officer Mettetoft Bergin.

This is a webcast only presentation and questions may be submitted through the webcast frame.

If journalists who requires or are requesting interviews with the management after the presentation are requested to contact the head of communications, Ronnie Lee.

And with that, I want to welcome Ga Hoy to the stage.

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Unidentified_2 [2]
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