Kongsberg Gruppen Asa · OSL:KOG
Kongsberg Gruppen Asa — Kongsberg — Q3 2026 Earnings Presentation
16 slides from Kongsberg Gruppen Asa's earnings presentation, October 2026
Slide 1: See Statement of Proprietary information
See Statement of Proprietary information
Slide 2: Investor presentation Q3 2026
Investor presentation Q3 2026 Eirik Lie President & CEO See Statement of Proprietary information
Slide 3: 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 4: Europe boosts defence investments
GEOPOLITICS Europe boosts defence investments Photo: Ukraine Govt. Meeting President Volodymyr Zelensky Oslo, 20 October, 2026 • Ukraine highlights need for air defence, missiles and anti-drone solutions • Europe boosts investments in increased capacity and sovereign capabilities • Accelerated deman
Slide 5: Key developments
Q3 2026 Key developments Revenue EBIT Order intake NOK 11.3 bn NOK 1.9 bn NOK 23.3 bn YoY: +50% EBIT margin: 16.4% Book/bill: 2.06 STATUS Q3 • High demand for KONGSBERG’s solutions • Sonatech acquisition closed • Capacity increase on track − New factory in Poland announced See Statement of Proprieta
Slide 6: New orders
Q3 2026 New orders NASAMS Missiles Underwater Capabilities • Belgium placed NOK 9.8 bn order for NASAMS • USD 100 m contract for additional • USD 54 m contract with • Netherlands added NOK 1.5 bn to expand air JSM to US Air Force US Govt. for autonomous defence capabilities • USD 65 m contract with
Slide 7: Undersea warfare
Undersea warfare • Deep domain expertise and proven dual- use technologies • Rapidly evolving demand from defence • USD 54 million US Government contract confirming demand • Sonatech acquisition strengthens technology portfolio and positions for US opportunities • Horten Horizon adds capacity to sup
Slide 8: Financial status
Financial status Martin Wien Fjell EVP & CFO See Statement of Proprietary information
Slide 9: Strong order intake
ORDER INTAKE AND ORDER BACKLOG Strong order intake Backlog by division Defence Discovery Systems 13.0 86.9 KONGSBERG 74.8 Missiles & Aerostructures 174.2 118.6 Backlog by delivery 2026 23.3 7% 9.5 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 30% 2027 63% 2028+ Amounts in NOK bn Order intake Order backlog See State
Slide 10: Double-digit growth in all divisions
REVENUES Defence Double-digit growth in all divisions +58% Systems 5.4 3.4 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 KONGSBERG Missiles & +87% +50% Aerostructures 4.0 2.1 11.3 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 7.6 Discovery +11% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Amounts in NOK bn 2.0 1.8 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 S
Slide 11: Margin driven by high volumes
EBIT AND EBIT-MARGIN 16.1% 20.6% Defence Margin driven by high volumes Systems 1.1 0.6 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 KONGSBERG 66% Missiles & 16.5% 11.6% Aerostructures 16.4% 14.8% 0.5 0.4 1.9 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1.1 Discovery 18.0% 14.6% Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 Amounts in NOK bn 0.3
Slide 12: Patria – Key figures and business update
ASSOCIATED COMPANIES Patria – Key figures and business update Revenue (EURm) EBIT (EURm) Business update • Strong revenue growth and improved profitability 1,087 734 826 • Continued strong demand for armoured vehicles +31% • Order backlog stable at EUR 3.5 bn 235 307 69 82 116 20 37 • Norway ordered
Slide 13: Strong operational cash flow
CASH FLOW DEVELOPMENT Strong operational cash flow Cash flow Working capital -1.2 1.9 -1.1 -0.2 -7.6 2.2 -11.0 6.4 4.9 Cash 1.7 EBITDA Change in Sonatech Capex Other Cash 30.09 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 working capital Amounts in NOK bn See Statement of Proprietary information INVESTOR PRESENTAT
Slide 14: Outlook and Q&A
Outlook and Q&A See Statement of Proprietary information Q3 2026
Slide 15: Outlook
Q3 2026 Outlook • Order backlog supports strong revenue growth in 2027 • Demand for missiles, air defence systems, and weapon stations remains high • Developing future capabilities − Anti Tactical Ballistic Missile air defence − High volume, affordable mass • KONGSBERG well positioned to deliver on
Slide 16: Proportionate figures according to ownership
APM Proportionate figures according to ownership Defence Systems Missiles & Aerostructures Discovery KONGSBERG BNOK – Q3 IFRS Adj.1 APM IFRS Adj. APM IFRS Adj.2 APM IFRS Adj.1,2 APM Revenue 5.21 0.17 5.38 4.00 0.00 4.00 1.65 0.32 1.97 10.84 0.49 11.33 EBIT 1.10 0.01 1.11 0.46 0.00 0.46 0.20 0.09 0.2