Kongsberg's profit soars in 1st quarter on defence systems demand
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FILE PHOTO: The logo of Kongsberg is displayed at the Australian International Airshow in Avalon, Australia March 26, 2025. REUTERS/Hollie Adams/File Photo
(Reuters) -Norwegian defence equipment maker Kongsberg Gruppen 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)
(Reporting by Marta Frąckowiak in Gdansk; Editing by Milla Nissi-Prussak)
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