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Kongsberg Gruppen: Defense Repositioning Powers Growth, Valuation Now Tight

Kongsberg Gruppen has outperformed, surging 72% and exceeding my previous price target amid robust European defense demand. Recent repositioning, including a Maritime demerger, sharpens KBGGY's focus on aerospace and defense, aligning with accelerating military readiness trends. Q4 2025 results show 17% revenue growth, a 25% adjusted EBIT increase, and a 1.5x book-to-bill ratio, underscoring strong order momentum.

Seeking Alpha • Feb 8, 2026

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