Kongsberg Gruppen ASA ('KONGSBERG') today launches its new ambitions for revenue
growth and profitability at the company's Capital Markets Day. The company aims
to increase revenue from NOK 33 billion in 2025 to NOK 100 billion in 2029 and
NOK 150 billion in 2033, with an ambition to generate an operating margin (EBIT)
of more than 16 percent.* 

Geopolitical uncertainty, learnings from ongoing conflicts and rapid technology
development are driving growth in the defence and security markets today. These
trends all point to strong demand and higher volumes for defence solutions. 

"KONGSBERG's products and solutions are making a difference as countries invest
to protect their people and critical infrastructure. We are well placed to
capture expected growth and outpace overall defence industry growth," said Eirik
Lie, President and CEO of KONGSBERG. 

"Our product portfolio fits future needs, and we have the capacity to meet
demand. We have a proven capability to scale up production by investing in
capacity, building robust supply chains and recruiting people," said Lie.  
 
Demand for air defence systems, strike missiles and remote weapon stations
systems, including anti-drone systems, is expected to be strong. At the same
time, KONGSBERG is well placed to grow in emerging defence segments, such as
underwater operations and space for defence.

KONGSBERG's order backlog stood at NOK 152 billion at the end of the first
quarter, 2026.
The presentations from the Capital Markets Day are attached. 

*All figures are expressed through Alternative Performance Measures (APMs). This
means they include the proportional share of the 50:50 Joint Ventures. Patria,
with a 49.9% ownership interest, is not included in the APMs.

KONGSBERG (OSE ticker: KOG) is an international technology and defence company
that delivers critical products and solutions in defence, security and
surveillance on land, underwater and in space. KONGSBERG has approximately 7 800
employees in 20 countries and had a total revenue of NOK 32.8 billion in 2025.
 and had a total revenue of NOK 32.8 billion in 2025.\