NSKFF - Kongsberg Gruppen Stock: A Buy On Tech Sustainability And Aerospace Strength
2024-05-14 11:27:14 ET
Summary
- European aerospace and defense companies are showing market outperforming returns.
- Kongsberg Gruppen ASA is a Norwegian technology company focused on the maritime, defense, and digital sectors.
- Kongsberg Gruppen saw higher sales and margins in Q1 2024, driven by growth in all segments, particularly Defense & Aerospace and Digital.
To uncover winners in the aerospace industry, I am increasingly looking into the European aerospace industry and expanding my coverage. So, far that has worked rather well. One of the European coverage I earmarked as a buy is up 71%, while another European defense contractor stock more than doubled . We cannot promise any returns, nor do I wish to, but it appears that the strategy to look for aerospace and defense winners in Europe is working and resulting in market outperforming returns....
Kongsberg Gruppen Stock: A Buy On Tech, Sustainability And Aerospace Strength