Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Q2 2026 Earnings Presentation
17 slides from Kongsberg Gruppen Asa's earnings presentation, Jul 13, 2026
Slide 1: Investor presentation Q2 2026
Investor presentation Q2 2026 Eirik Lie President & CEO See Statement of Proprietary information
Slide 2: Disclaimer
Disclaimer • This presentation contains certain “forward-looking information and statements” within the meaning of applicable laws and regulations. These statements include, but are not limited to, statements regarding the Company’s expectations, plans, strategies, business outlook, market opportuni
Slide 3: NATO summit confirms main trends
GEOPOLITICS NATO summit confirms main trends • Member states announce major investments in defence Photo: NATO • Europe must scale up production capacity “We are building the future: a stronger Europe in a stronger NATO” • Ukraine highlights need for air defence, missiles and anti-drone “For 2026, A
Slide 4: Key developments
Q2 2026 Key developments Revenue EBIT Order intake NOK 10.4 bn NOK 1.7 bn NOK 17.1 bn +31% EBIT margin: 16.1% Book/bill: 1.6 STATUS Q2 • High demand for KONGSBERG’s solutions • Zone 5 Technologies acquisition closed • Capacity increase on track • CMD: new ambitions launched See Statement of Propriet
Slide 5: New orders
Q2 2026 New orders Joint Strike Missile NASAMS Critical Infrastructure • US Air Force NOK 2.7 bn Foreign Military Sale to Underwater surveillance and • Germany NOK 3.5 bn Kuwait. Total programme protection for an undisclosed • Canada NOK 4.7 bn value USD 400 m. customer. See Statement of Proprietary
Slide 6: Zone 5 – the market leader in 'affordable mass'
MARKET FOCUS Zone 5 – the market leader in ‘affordable mass’ • Deal to acquire Zone 5 Technologies closed in June Zone 5 missiles – proven and combat ready • Under contracts with US Government • Scaling up US production Rusty Dagger • KONGSBERG to bring Zone 5 portfolio to Europe - Strike missile •
Slide 7: Accelerating innovation
MARKET FOCUS Accelerating innovation • MoU with DevDroid of Ukraine to collaborate on unmanned vehicles and remote weapon stations • Working with Ukrainian and international partners on integrating long-range, anti- ballistic missile (ATBM) air defence solutions Photo: DevDroid See Statement of Prop
Slide 8: See Statement of Proprietary information
See Statement of Proprietary information
Slide 9: Financial status
Financial status Martin Wien Fjell EVP & CFO See Statement of Proprietary information
Slide 10: Strong order intake
ORDER INTAKE AND ORDER BACKLOG Strong order intake Backlog by division Defence Discovery Systems 11.6 77.3 KONGSBERG 68.1 Missiles & Aerostructures 157.5 116.6 Backlog by delivery 2026 17.1 13% 11.2 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 28% 2027 2028+ 59% Order intake Order backlog Amounts in NOK bn See Sta
Slide 11: Solid growth in all divisions
REVENUES Defence Solid growth in all divisions +53% Systems 5.1 3.3 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 KONGSBERG Missiles & +31% Aerostructures +19% 2.9 2.4 10.4 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 7.9 Discovery +21% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Amounts in NOK bn 2.3 1.9 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 See Stat
Slide 12: Margin driven by high volumes
EBIT AND EBIT-MARGIN 19.6% 17.7% Defence Margin driven by high volumes Systems 0.9 0.7 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 KONGSBERG 49% Missiles & 17.1% 16.9% Aerostructures 16.1% 14.2% 0.5 0.4 1.7 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 1.1 Discovery 17.6% 15.3% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Amounts in NOK bn 0.3
Slide 13: Patria – Key figures and business update
ASSOCIATED COMPANIES Patria – Key figures and business update Revenue (EURm) EBIT (EURm) Business update +32% • Solid revenue growth and improved profitability 1,087 734 826 • Growth driven by armored vehicle business and +42% ILIAS acquisition 226 321 69 82 116 20 50 • Growing interest in TRACKX ve
Slide 14: Dividends and acquisition payments drives cash flow development
CASH FLOW DEVELOPMENT Dividends and acquisition payments drives cash flow development Cash flow Working capital 1.9 -1.7 -0.5 -0.7 -5.0 -7.8 -9.1 -1.0 16.4 -4.5 4.9 Cash 1.1 EBITDA Change in Tax paid Capex Dividend Bond Other Cash 31.12 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 working paid repayment capital Am
Slide 15: Outlook and Q&A
Outlook and Q&A See Statement of Proprietary information Q2 2026
Slide 16: Outlook
Q2 2026 Outlook • Order backlog NOK 158 bn • Strong visibility: NOK 21 bn of backlog to be delivered during rest of 2026 • 2026 revenue growth above the 2025 level • Demand for missiles, air defence systems, and weapon stations remains high • KONGSBERG expects new contracts for core products from ne
Slide 17: Proportionate figures according to ownership
APM Proportionate figures according to ownership Defence Systems Missiles & Aerostructures Discovery KONGSBERG BNOK – Q2 IFRS Adj.1 APM IFRS Adj. APM IFRS Adj.2 APM IFRS Adj.1,2 APM Revenue 4.89 0.30 5.09 2.89 - 2.89 1.97 0.30 2.27 9.89 0.60 10.39 EBIT 0.89 0.00 0.90 0.49 - 0.49 0.28 0.07 0.35 1.59