The company achieved an order intake of NOK 87.8 billion (EUR 7.81 billion) in 2024, with operating revenues reaching NOK 48.9 billion (EUR 4.35 billion), a 20% increase compared to 2023. Earnings before interest and taxes (EBIT) rose to NOK 6.5 billion (EUR 578.5 million), contributing to an improved EBIT margin of 13.3%, up from 11.3% in the previous year.
The fourth quarter (Q4) of 2024 also showed impressive results, with a 17% increase in operating revenues to NOK 13.9 billion (EUR 1.24 billion). The defence segment played a crucial role in this growth, particularly in missile projects and weapon station deliveries, contributing to an EBIT margin increase from 10.7% to 12.4%.
Kongsberg Defence & Aerospace (KDA) saw a 10% rise in operating revenues to NOK 5.5 billion (EUR 489.5 million) in Q4. The business unit maintained a high pace of deliveries for the U.S. Common Remotely Operated Weapon Station (CROWS) program and missile systems, reinforcing its market leadership in advanced defence technology.
The company also strengthened its capabilities through strategic acquisitions, including Naxys Technologies, which specialises in passive hydroacoustic detection. This acquisition enhances Kongsberg Discovery’s portfolio in marine research and defence applications, further expanding its technological footprint.
To support its growth trajectory, Kongsberg Gruppen is expanding its production capacity both in Norway and internationally. CEO Geir Håøy emphasised the company’s preparedness for the evolving global security landscape, highlighting the importance of agility and strategic foresight in navigating market demands.
In recognition of its strong performance, the Board of Directors has proposed a total dividend of NOK 3.87 billion (EUR 344.43 million), equivalent to NOK 22 (EUR 1.96) per share. This includes an ordinary dividend of NOK 10 (EUR 0.89) per share and an additional NOK 12 (EUR 1.07), reflecting the company’s confidence in future growth.
Source: Kongsberg Gruppen.
