Kongsberg Gruppen Asa (NSKFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the presentation of Kongsberg's second quarter results. This presentation is done as a webcast only and you will be able to send in questions through the chat function. Please note that this presentation contains forward-looking statements that by their nature involve known and unknown risks, uncertainties and other important factors that could cause the actual results to differ. Today's presentation will be delivered to you by our CEO, Eirik Lie, and our CFO, Martin Wienfjell. With that, I will hand it over to our CEO, Eirik. Thank you, Jan-Erik. Good morning, everyone, and welcome to this second quarter results presentation. The second quarter of 2026 was characterized by high activity levels across the company, both in new orders and in our production facilities. We continued to sign significant new contracts and we made key deliveries to our customers. Last week I was in Ankara for the NATO summit and industry meeting. The messages from NATO were clear. Europe must continue to invest in its own defence capabilities and seek joint procurements with other countries. The need for high industrial production is increasing and urgent. And the Ukraine war continues to show the importance of air defense, missiles and anti-drone capabilities. There is also a critical need for missiles that can be produced in high volumes, as well as protection against tactical ballistic missiles. In Ankara, NATO countries announced more than 50 billion US dollars in new procurements. Several countries announced major investments in their own defense capabilities. Many of these were relevant for us. Canada joined the German-Norwegian submarine program, for which Kongsberg is a major supplier. Lithuania signed an agreement with Norway for the potential procurement of standardized...