股价飙升15%！康斯伯格因国防需求推动强劲季度业绩

Core Viewpoint - Kongsberg Gruppen's stock surged significantly after reporting strong fourth-quarter results that exceeded market expectations, driven by continued defense demand across its business segments [1][3]. Financial Performance - The fourth-quarter revenue reached 16.8 billion Norwegian Krone, approximately 5% higher than market consensus, while operating profit soared to 2.46 billion Krone, about 22% above expectations [3]. - The operating profit margin expanded to 14.7%, compared to the market forecast of around 12.7% [3]. - The defense and aerospace segment showed exceptional performance, with sales increasing by 44% year-on-year to 7.9 billion Krone, surpassing consensus expectations by nearly 6% [3]. - Operating profit for the defense and aerospace segment rose to 1.48 billion Krone, with a profit margin of 18.7%, significantly higher than the market expectation of approximately 15% [3]. Demand and Orders - Analyst Marie-Ange Riggio from Morgan Stanley noted that the quarterly performance was driven by strong demand for missiles and air defense systems, highlighting a favorable project portfolio that supported profitability [3]. - The defense and aerospace segment received approximately 22.5 billion Krone in orders during the quarter, resulting in an order-to-sales ratio of about 2.8 times [3]. - The group's order backlog reached a record 157 billion Krone by year-end, providing nearly three times the sales coverage, with around 125 billion Krone from the defense and aerospace segment and 98 billion Krone specifically related to missiles and air defense systems, indicating robust demand in this area [3]. Maritime Sector Performance - The maritime segment also delivered solid quarterly results, with revenue of 7.6 billion Krone, approximately 6% above consensus expectations, and operating profit of 836 million Krone, slightly exceeding forecasts [3]. - Aftermarket activities remained a key driver, accounting for over half of the segment's revenue [3]. Future Outlook - The company did not provide formal guidance but indicated that it expects to secure good orders and maintain steady growth through 2026 [4]. - Riggio emphasized the strong performance in the fourth quarter of 2025, which exceeded market consensus, but noted the need for more financial information regarding two entities that are crucial to the stock narrative [5].