- Kongsberg’s EBITDA margin exceeded expectations in Q3, achieving 18.8% compared to 16.3% the previous year and surpassing the estimated 16.5%.
- The company reported an EBITDA of NOK 2.25 billion.
- Total revenue for the quarter was NOK 11.92 billion, slightly above the estimated NOK 11.85 billion.
- Orders during the quarter totaled NOK 12.95 billion, under the expected NOK 13.18 billion.
- The order backlog at the end of Q3 stood at NOK 96.9 billion, just below the estimate of NOK 97.44 billion.
- Diluted EPS was reported at NOK 7.72, exceeding both the previous year’s NOK 5.93 and the estimated NOK 7.55.
- Kongsberg has undertaken measures to expand capacity and initiated new development collaborations.
- The company is well-positioned with a record-high order backlog and a book-to-bill ratio of 1.09 in Q3.
- Of the NOK 96.9 billion order backlog, NOK 11.7 billion is expected to be delivered during Q4 2024, indicating a robust end to the year.
- Market sentiment reflects the company’s position with 5 buy ratings, 5 hold ratings, and 2 sell ratings from analysts.
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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
Analysts at Smartkarma have assessed Kongsberg Gruppen‘s long-term outlook using Smart Scores, a tool that rates companies from 1 to 5 on various factors. Based on the scores provided, Kongsberg Gruppen shows promising signs for the future. The company scored high in Growth, Resilience, and Momentum, with scores of 4, 5, and 5 respectively. This indicates strong potential for growth and a solid ability to withstand economic challenges. Additionally, the company’s momentum suggests positive market performance in the foreseeable future.
Kongsberg Gruppen ASA is a prominent developer, manufacturer, and marketer of high-technology aerospace and defense products. With a focus on providing systems for armed forces in Norway and other nations, the company specializes in products like anti-ship missiles, launchers, missile control systems, weapon control systems, and maritime and air traffic surveillance systems. Considering its favorable Smart Scores in Growth, Resilience, and Momentum, Kongsberg Gruppen appears to be well-positioned for continued success in the industry.
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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