Argo Defence Group (ARGO) Stockholm Corporate Finance Defence Day 2026 summary

Strategic overview

• Focuses on military and civil defence, designing, producing, and delivering defence systems and materiel, with operations dating back to the 1950s.

• Operates through several subsidiaries covering air & defence, disarmament, and airfield operations, with recent expansion into Ukraine.

• Listed on the NGM Growth Market since December 2025.

Market environment and growth drivers

• Swedish defence spending is set to reach 5% of GDP by 2030, creating significant opportunities for suppliers.

• Long-term contracts and framework agreements provide high visibility and stable revenue streams.

• Sustained market growth is supported by increased investments in equipment and personnel.

Business areas and operations

• Defence materiel accounts for 72% of 2025 revenue, focusing on systems, equipment, and services for both military and civil defence.

• Counter-explosive risk solutions (13% of revenue) include mine clearance, explosive risk management, and strong presence in Ukraine.

• Airfield operations (15% of revenue) involve airport system design, installation, and maintenance, with over 20 countries served.