Norwegian Stocks Surge: Kongsberg, Telenor, and Aker Solutions Lead the Charge
Oslo’s stock market experienced a significant rally on Friday, February 6, 2026, driven by strong quarterly results from key players Kongsberg Gruppen, Telenor, and Aker Solutions. The surge highlights a positive trend in the Norwegian economy and investor confidence in these leading companies.
Kongsberg Gruppen: A Record-Breaking Day
Kongsberg Gruppen saw its stock price jump an impressive 15.6 percent, nearing a historical high of 15.9 percent achieved in March of the previous year. This surge followed the release of its fourth-quarter 2025 results, which exceeded analyst expectations across the board – including revenue, earnings, and order intake. The company’s revenue increased to 16.8 billion kroner, with an EBITDA climbing to 2.95 billion kroner.
A substantial increase in the proposed dividend for 2025, totaling 5.01 billion kroner (5.7 kroner per share), compared to 3.87 billion kroner in 2024, further fueled investor enthusiasm. The company’s robust order backlog, reaching 157.4 billion kroner, signals continued growth, particularly in its defense sector.
Kongsberg Gruppen is preparing for a significant structural change with the planned spin-off and listing of Kongsberg Maritime on April 23rd.
Telenor: Strong Performance and Shareholder Returns
Telecommunications giant Telenor likewise contributed to the market’s upward momentum. Fourth-quarter revenues reached 19.8 billion kroner, with an EBITDA of 8.1 billion kroner – both exceeding consensus estimates by 3-4 percent. Telenor announced a dividend of 9.7 kroner per share and a share buyback program worth 15 billion kroner over three years, demonstrating a commitment to returning value to shareholders.
Aker Solutions: Positive Outlook and Increased Investment
Aker Solutions, a key player in the energy sector, reported revenues of 16.59 billion kroner for the fourth quarter, with an EBITDA of 1.1 billion kroner and a pre-tax profit of 902 million kroner. While slightly below analyst expectations, the company’s outlook for 2026 remains positive, projecting revenues between 45 and 50 billion kroner.
Aker Solutions proposed a dividend of 3.6 kroner per share for 2025, totaling 1.77 billion kroner.
Collaboration for Critical Infrastructure Protection
Beyond individual performance, Aker Solutions and Kongsberg Discovery are collaborating to enhance the protection of critical infrastructure. They are showcasing a drone (UAV) detection system utilizing Kongsberg’s Drone Detection Radar, initially in Stavanger, with plans for broader deployment in the North Sea. This partnership aims to improve situational awareness around offshore assets and transit lanes.
The Broader Market Impact
The Oslo Stock Exchange’s main index rose by 1.41 percent, largely driven by the performance of these heavyweight companies. Other significant gains were seen in Equinor (up 0.7 percent), Nordic Semiconductor (up 1.1 percent), and DNB (up 0.4 percent). The price of Brent crude oil also saw a slight increase, trading at $68.2 per barrel.
FAQ
Q: What drove the stock market surge on February 6, 2026?
A: Strong quarterly results from Kongsberg Gruppen, Telenor, and Aker Solutions were the primary drivers.
Q: What is the significance of Kongsberg Maritime’s planned spin-off?
A: The spin-off and listing of Kongsberg Maritime is a significant structural change for the Kongsberg Gruppen, potentially unlocking value and allowing for focused growth.
Q: What is the collaboration between Aker Solutions and Kongsberg Discovery focused on?
A: The collaboration focuses on enhancing the protection of critical infrastructure through a drone detection system.
Q: What is the outlook for oil prices?
A: Oil prices saw a slight increase, with Brent crude trading at $68.2 per barrel.
Pro Tip: Keep a close watch on Kongsberg Gruppen’s performance following the spin-off of Kongsberg Maritime. This could present new investment opportunities.
Did you recognize? Kongsberg Gruppen’s Luftvernsystemet NASAMS air defense system has been deployed in Poland, demonstrating the company’s role in international security.
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