Kongsberg Gruppen (Hold, TP: NOK1450.00) - Less European exposure than peers

We expect Q1 EBITDA of NOK2.2bn (results due at 07:00 CET on 8 May). Kongsberg Gruppen’s valuation premium to European defence peers has shrunk as peer multiples have converged on expectations of higher European defence spending. We believe this is warranted by its lower share of defence sales to EU countries. We continue to find the valuation demanding, while struggling to see negative share price catalysts. Hence, we reiterate our HOLD while we have raised our target price to NOK1,450 (1,300).

Crude Quarterly Q1'25: weaker oil market fundamentals

Kongsberg Gruppen ASA: 1 director

A director at Kongsberg Gruppen ASA sold 5,000 shares at 1,615.310NOK and the significance rating of the trade was 72/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

The Global Military Fixed-Wing Aircraft Market 2017-2027

Summary A large number of countries across the globe are expected to invest heavily on replacing their fleets of aging aircraft. For instance, after the wars in Iraq and Afghanistan, the US and other allied countries in Europe, Asia-Pacific, Latin America, and the Middle East were left with a worn-out and damaged base of aircraft and other military equipment. This has resulted in the need for large-scale upgrade and replacement programs. Defense spending in Europe, Africa, and Latin America will also be largely driven by the need to replace aging fleets of aircraft The primary forces driving...

The Global Military Satellite Market 2017-2027

Summary The demand for military satellites is expected to be driven by increase in terrorist attacks, unconventional warfare, militancy. Despite changes in the dimensions of terrorism, navigation, and ISR, satellites are acting as effective tools to predict and curb terrorist attacks, simultaneously playing an important role in helping ground level combat operations. The demand for satellite bandwidth is not only driven by military operations in countries such as Afghanistan and Iraq, but also by other countries where the bandwidth is used to serve the modern network-centric nature of warfare...

Future of the Norwegian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022

Summary The Future of the Norwegian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news. Key Findings - Norway’s total defense expenditure values US$6 billion in 2017 and is expected to reach US$7.6 billion by 2022; this can be attributed to military modernization initiatives and training...