Kongsberg's profit soars in 1st quarter on defence systems demand

Reuters

Wed, May 7, 2025, 10:20 PM

(Reuters) -Norwegian defence instrumentality shaper Kongsberg Gruppen reported an 81% higher first-quarter halfway nett connected Thursday, driven by request for its missiles and aerial defence systems among others.

Its operating net earlier depreciation and amortisation (EBITDA) soared to 3.29 cardinal Norwegian crowns ($318.3 million) successful the archetypal 4th connected the year.

($1 = 10.3369 Norwegian crowns)

(Reporting by Marta Frąckowiak successful Gdansk; Editing by Milla Nissi-Prussak)