Swedish defence group posts triple-digit order surge

Argo Defence Group has completed its first fully reported quarter as a listed company with what it described as strong momentum.

The Stockholm-headquartered group, which comprises six subsidiaries, reported a 207 percent increase in order intake to SEK 90.3 million and improved profitability, with EBITDA reaching SEK 10.2 million.

- I am pleased to note that we have entered 2026 exactly as planned. The first quarter confirms that our strategy is delivering and that we are moving in the right direction - precisely where we want to be, CEO Marcus Selme said in the quarterly report.

Argo Defence Group operates across both military and civil defence through three business areas: Defence Materiel, Counter-Explosive Risk Solutions and Airfield Operations.

Selme described the first-quarter report as particularly significant for the newly established group, as it marks the first reporting period based on actual figures rather than pro forma reporting.

- This means that the results presented reflect our underlying business as it is, without adjustments or assumptions. It is a milestone that we are proud of and one that provides us with a solid foundation for the remainder of the year, Selme said.

Framework agreements remain a central part of the company’s business model. Argo said the total value of its ongoing framework agreements amounts to approximately SEK 867 million, of which approximately SEK 583 million remains unutilised.

Selme said the company enters the remainder of 2026 with confidence, supported by a strong pipeline, organisational readiness and a financial position that allows continued investment.

- We are delivering according to plan, Selme said.

Based in Stockholm, Argo Defence Group and it 40 employees operates within both military and civil defence.