Morgan Stanley Expects Kongsberg Gruppen's Order Intake to Slow in Q2
Morgan Stanley forecasts a second-quarter order intake moderation for Kongsberg Gruppen (KOG.OL), while the Norwegian technology and defense group's revenues are estimated to climb. "We estimate order intake will [slow down] in 2Q26 with publicly disclosed awards totalling >NOK 10.5bn (based on our press [release] analysis). We forecast group revenues of NOK10.4bn, up 32% yoy and +2% above [Visible Alpha] consensus, group EBIT ~NOK 2bn (margin 18.4%, vs cons 17.4%)," the research firm said in a July 10 European earnings preview report ahead of the company's half-year report due Monday. Analysts forecast that defense system sales will surge 45% year over year to 4.8 billion Norwegian kroner. The group's missiles and aerostructures and discovery divisions are also projected to post robust sales gains, growing 26% to 3.1 billion kroner and 22% to 2.3 billion kroner, respectively. Morgan Stanley rates the stock at underweight.
Morgan Stanley forecasts a second-quarter order intake moderation for Kongsberg Gruppen (KOG.OL), while the Norwegian technology and defense group's revenues are estimated to climb. "We estimate order intake will [slow down] in 2Q26 with publicly disclosed awards totalling >NOK 10.5bn (based on our press [release] analysis).
We forecast group revenues of NOK10.4bn, up 32% yoy and +2% above [Visible Alpha] consensus, group EBIT ~NOK 2bn (margin 18.4%, vs cons 17.4%)," the research firm said in a July 10 European earnings preview report ahead of the company's half-year report due Monday.
Analysts forecast that defense system sales will surge 45% year over year to 4.8 billion Norwegian kroner.
The group's missiles and aerostructures and discovery divisions are also projected to post robust sales gains, growing 26% to 3.1 billion kroner and 22% to 2.3 billion kroner, respectively.
Morgan Stanley rates the stock at underweight.