Kongsberg Gruppen shares dropped 18.25% on the Oslo Stock Exchange Thursday. This marks the second-worst trading day in the company's history. Approximately 47 billion Norwegian kroner in market value evaporated from the defense and maritime company. The sharp decline followed weaker-than-expected quarterly results. Company leadership also proposed splitting the corporation into two separate entities. The plan would separate the maritime business into its own publicly traded company by 2026. The main index on the Oslo Stock Exchange fell 1.96% during the same session. The dual announcements created perfect storm conditions for investors. Market analysts noted the timing of both negative developments amplified the selloff. The proposed corporate split represents a major strategic shift for the Norwegian industrial giant. Kongsberg Gruppen has been a cornerstone of Norway's defense and maritime industries for decades. The company's performance often serves as a barometer for Norway's industrial sector. Thursday's dramatic drop reflects broader concerns about corporate restructuring and quarterly performance.
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30 October 2025 at 16:39
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BusinessKongsberg Gruppen Plunges 18% on Oslo Stock Exchange
By Nordics Today •
Kongsberg Gruppen suffered its second-worst trading day ever with an 18% stock plunge. The drop came alongside weak quarterly results and a proposal to split the company. The Oslo Stock Exchange's main index fell nearly 2% in the same session.
