KNDS reports strong growth as IPO plans advance
KNDS reports strong growth as IPO plans advance
ReutersTue, May 26, 2026 at 2:57 PM UTC
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Staff works in the new KNDS production line of the "Boxer" wheeled armored personnel carrier in Munich, Germany, April 22, 2026. REUTERS/Louisa Off
May 26 (Reuters) - Franco-German defence group KNDS reported strong growth and a larger order book on Tuesday, underscoring investor interest ahead of a planned stock market listing later this year.
Revenue rose to 4.4 billion euros ($5.10 billion) in 2025 from a year earlier, while its order backlog climbed to 33.1 billion euros from 23.5 billion euros at the end of 2024, the maker of Leopard 2 tanks and Caesar howitzers said.
"As an architect of integrated land defense solutions, KNDS plays a central role in designing and orchestrating system-of-systems capabilities," said KNDS chief Jean-Paul Alary.
The results reflect stronger European demand for heavier weapons as governments raise defence spending following recent conflicts and as North Atlantic Treaty Organization (NATO) members push to rebuild stocks.
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KNDS confirmed it was continuing preparations for an initial public offering, with a proposed dual listing in Frankfurt and Paris later this year.
The company said its strategy of pairing weapons platforms with ammunition was helping win orders as customers sought integrated systems from one supplier, rather than buying vehicles and munitions separately. The planned listing would give investors exposure to one of Europe's biggest land-weapons makers at a time of rising regional military budgets.
($1 = 0.8605 euros)
(Reporting by Maria Rugamer; Editing by Matt Scuffham)
Source: “AOL Money”
