- Kongsberg’s fourth quarter revenue reached 13.91 billion NOK, a 17% increase year-over-year and above the estimated 13.26 billion NOK.
- EBITDA rose by 28% year-over-year to 2.15 billion NOK with a margin of 15.4%, slightly below the estimated margin of 15.9%.
- The company saw a significant jump in orders to 44.83 billion NOK, a 43% increase over the previous year, surpassing the estimated 29.76 billion NOK.
- Kongsberg’s backlog increased by 32% quarter-over-quarter to 127.89 billion NOK, outperforming the estimated 114.74 billion NOK.
- Diluted EPS improved to 8.27 NOK, compared to 6.55 NOK a year ago, slightly under the estimated 8.38 NOK.
- For the year 2024, the board proposes a total dividend of 22 NOK per share, with 10 NOK as the ordinary dividend and an additional 12 NOK proposed.
- The dividend will be paid in two phases: one in May and another in October.
- A proposed stock split will transform each share into five shares, effective from June 3 ex-date.
- CEO Geir Haoy stated the company is consolidating its digital maritime efforts under Kongsberg Maritime to better serve customer needs.
- Investments are being made to enhance production capacity both in Norway and internationally to manage current and future demand.
- In 2025, Kongsberg plans to relocate all missile production to new facilities.
- Market analysts reveal 3 buy ratings, 8 hold ratings, and 1 sell rating for the company’s stock.
A look at Kongsberg Gruppen Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Kongsberg Gruppen appears to have a positive long-term outlook. With strong scores in Growth, Resilience, and Momentum, the company seems well-positioned for future success. A high score in Growth indicates potential for expansion and development, while top marks in Resilience imply the company’s ability to withstand challenges. Additionally, a strong Momentum score suggests that Kongsberg Gruppen is currently performing well in the market.
Kongsberg Gruppen, a company focused on aerospace and defense products, stands out for its innovative technologies and systems for armed forces. Specializing in anti-ship missiles, launchers, and surveillance systems, the company caters to both Norwegian and international markets. With a balanced mix of value, dividend, growth, resilience, and momentum, Kongsberg Gruppen appears to be a robust player in the aerospace and defense industry with promising growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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