Revenue distribution by sectors:

• Defense: approx. 50%
• Maritime: approx. 35%
• Digital solutions and others: approx. 15%

TOP 3 markets and their percentage shares:

• Norway: approx. 30%
• USA: approx. 25%
• Germany: approx. 15%

Kongsberg Gruppen ASA generates the majority of its revenues from the defense sector, followed by the maritime industry. The domestic market Norway is the largest single market, followed by the USA and Germany. These markets benefit from strong defense and maritime sectors that Kongsberg serves with its technologies and solutions.

Production Sites:

• Norway: Main production sites
• USA: Several production facilities
• Germany: Specialized production plants
• Canada: Production capacities for specific segments

Kongsberg Group ASA, a leading technology company, has strategically distributed its production facilities across multiple countries to strengthen its global presence. In Norway, the main production sites focus on the development and manufacturing of defense and aerospace technologies.

Additionally, the company has established production capacities in the USA, Germany, and Canada to meet specific market requirements and ensure proximity to key customers. This international production structure enables Kongsberg to efficiently respond to global market needs and optimize its supply chains.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Focus Areas: Defense, Digitalization, Sustainability

Kongsberg Gruppen ASA pursues a growth strategy that is heavily focused on expanding in the areas of defense and digitalization. The company continuously invests in research and development to offer innovative solutions for the defense industry. This includes both advancing existing technologies and introducing new products to meet the increasing demands of global security markets.

Another key aspect of the strategy is digitalization. Kongsberg relies on integrating digital technologies into its products and services to enhance efficiency and performance. This involves the use of data analysis, automation, and artificial intelligence to better serve customers in various industries, including maritime and oil and gas.

Furthermore, the company places great emphasis on sustainability. Kongsberg invests in environmentally friendly technologies and solutions to reduce the ecological footprint of its products. This strategy aims to meet both customer requirements and regulatory standards while simultaneously tapping into new business opportunities in emerging markets.

Main raw materials: Steel, aluminum, electronic components

Countries of origin:

• Steel: Germany, Sweden
• Aluminum: Canada, Norway
• Electronic components: China, USA

Kongsberg Gruppen ASA, a leading company in the defense and aerospace technology sector, imports a variety of raw materials and materials necessary for the production of their highly specialized products. Steel and aluminum are mainly imported from European countries such as Germany and Sweden, as well as from Canada, to ensure high quality standards.

Electronic components, essential for Kongsberg's advanced systems, are primarily sourced from China and the USA, as these countries are leading in the production of semiconductors and other electronic components. Diversifying the sources of supply helps Kongsberg minimize risks in the supply chain and ensure supply security.

Market share in the defense industry: 5% (estimated for 2025) Research & Development (R&D) expenses: 10% of revenue (2024) EBITDA margin: 14% (2024)

Kongsberg Gruppen ASA has a solid competitive advantage, especially in the defense and aerospace industry. The company benefits from a diversified product portfolio that includes advanced technologies in defense, aerospace, and maritime solutions.

A key factor for the competitive advantage is the continuous focus on research and development, with approximately 10% of revenue being invested in R&D. This enables Kongsberg to develop innovative products and differentiate itself from competitors.

The EBITDA margin of 14% demonstrates an efficient cost structure and strong operational performance. This metric is competitive compared to industry standards and highlights the company's ability to operate profitably.

Overall, the competitive advantage is further strengthened by strategic partnerships and a strong market presence in key markets.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Purchases/Sales: No significant transactions in the last 12 months (2025, estimated)

The institutional investor share in Kongsberg Gruppen ASA is estimated to be around 45%. This figure indicates that almost half of the shares are held by large institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

Regarding insider purchases or sales, there have been no significant transactions in the last 12 months. This could indicate that the management and other insiders do not currently expect major changes in the stock price or are satisfied with the current company strategy.

Market share of Kongsberg Gruppen ASA: Estimated 8% (2025)

Top competitors and their market shares:

1. Lockheed Martin Corporation: 15%
2. BAE Systems plc: 12%
3. Thales Group: 10%
4. Raytheon Technologies Corporation: 9%
5. Kongsberg Gruppen ASA: 8%
6. Northrop Grumman Corporation: 7%
7. General Dynamics Corporation: 6%
8. Leonardo S.p.A.: 5%
9. Saab AB: 4%
10. Dassault Aviation: 3%

Moat of Kongsberg Gruppen ASA:

Kongsberg Gruppen ASA has a moderate moat, mainly characterized by its specialization in niche markets within the defense and aerospace industry. The company benefits from strong relationships with governments and a solid reputation in the development of high-precision defense systems.

Compared to larger competitors like Lockheed Martin and BAE Systems, which have more extensive resources and a broader product portfolio, Kongsberg's moat is less pronounced. These larger companies often have the advantage of a global network and more extensive research and development budgets, giving them a stronger competitive edge.

Nevertheless, Kongsberg can remain competitive in certain segments through its innovation capabilities and the ability to offer specialized solutions. A focus on technological excellence and strategic partnerships could strengthen the moat in the long run.

Revenue Growth: 8.5% (2024) EBITDA Margin: 12.3% (2024) Order Backlog: 50 billion NOK (2024)

Kongsberg Gruppen ASA recorded a revenue growth of 8.5% in 2024, driven by strong demand in its main business areas, particularly in defense and aviation technology. The EBITDA margin of 12.3% indicates solid profitability and an efficient cost structure.

The order backlog of 50 billion NOK signals strong future revenue generation. This suggests that the company is well positioned to achieve stable income in the coming years.

Additionally, Kongsberg Gruppen has invested in research and development in recent years to secure its technology leadership, which can create long-term competitive advantages. Given these factors, the stock could be an attractive investment for investors interested in a stable and growth-oriented company.

Dividend Yield: 3.2% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Kongsberg Gruppen ASA has regularly distributed dividends to its shareholders in recent years. The dividend yield for 2025 is estimated to be around 3.2%, based on current market conditions and company performance.

The reliability of Kongsberg Gruppen's dividend payments is supported by a solid financial foundation and stable earnings. The company has paid dividends consistently over the past five years, indicating a strong dividend policy. Analysts believe that Kongsberg Gruppen will continue to be able to pay dividends at a similar level in the future, provided that no significant market changes occur.