financetom
Business
financetom
/
Business
/
Kongsberg's profit soars in 1st quarter on defence systems demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kongsberg's profit soars in 1st quarter on defence systems demand
May 26, 2025 3:44 AM

(Reuters) -Norwegian defence equipment maker Kongsberg Gruppen ( NSKFF ) reported an 81% higher first-quarter core profit on Thursday, driven by demand for its missiles and air defence systems among others.

Its operating earnings before depreciation and amortisation (EBITDA) soared to 3.29 billion Norwegian crowns ($318.3 million) in the first quarter on the year.

($1 = 10.3369 Norwegian crowns)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved