Norbit ASA
OSE:NORBT

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Norbit ASA
OSE:NORBT
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Price: 179.2 NOK -2.29% Market Closed
Market Cap: 11.5B NOK

Norbit ASA
Investor Relations

Norbit ASA engages in the provision of tailored technology solutions to niche markets. The company is headquartered in Trondheim, Sor-Trondelag. The company went IPO on 2019-06-20. The firm is structured in three business segments to address its key markets. Oceans segment delivers technology solutions to global maritime markets. The company is primarily engaged in sonar solutions based on integrated and compact sonars with light detection and ranging (LIDAR) and a global positioning system (GPS) for surface and subsea imaging and mapping. The Connectivity segment enables clients to digitise their operations further through data collection and tailored sensor analysis with connectivity devices, cloud computing and data fusion being directly integrated into the client’s business software or as stand-alone services. Connectivity consists of the Intelligent Traffic Systems (ITS) and Smart Data sub-segments. The Product Innovation & Realization (PIR) segment offers Research and Development (R&D) products and services, alongside contract manufacturing services to customers.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Record Q3 Revenue: NORBIT delivered its best-ever third quarter, with revenue of NOK 505.4 million, up 36% from last year.

Profit Nearly Doubled: EBIT for the first 9 months reached NOK 377 million, a 92% increase from the same period last year.

Strong Performance Across Segments: All three business segments contributed to growth, with especially strong demand in defense and security within the PIR segment.

Raised Full-Year Guidance: Management reaffirmed its increased revenue target of NOK 2.5–2.6 billion and expects an EBIT margin of 24–25% for the year.

Extraordinary Dividend: The board declared an extraordinary cash dividend of NOK 3 per share.

Connectivity Delays: A NOK 15 million order was postponed to Q4 due to material delays; some GNSS unit revenues will also shift to Q1 2026.

Capacity Investments: Significant investments in manufacturing capacity and automation are supporting growth and scalability.

Outlook Remains Strong: Management expects record results in Q4, especially in PIR, and sees strong replacement demand for GNSS units as 2G networks are phased out.

Key Financials
Revenue
NOK 505.4 million
Revenue (first 9 months)
NOK 1.7 billion
EBIT (Q3)
NOK 75.4 million
EBIT (first 9 months)
NOK 377 million
EBIT Margin (Q3)
15%
EBIT Margin (first 9 months)
22%
EBITDA (Q3)
NOK 114.7 million
EBITDA Margin (Q3)
23%
Net Income (Q3)
NOK 51.8 million
Earnings Per Share (Q3)
NOK 0.81
Extraordinary Dividend
NOK 3 per share
Net Interest-Bearing Debt
NOK 320.5 million
Equity Ratio
50%
Cash Flow from Operations (Q3)
NOK -1.9 million
Investments (Q3)
NOK 40.8 million
Liquidity (pro forma)
NOK 830 million
Net Interest-Bearing Debt to EBITDA
0.7x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Per Jorgen Weisethaunet
Group Chief Executive Officer
No Bio Available
Mr. Per Kristian Reppe
Group Chief Financial Officer
No Bio Available
Mr. Arild Soraunet
Group Chief Technical Officer
No Bio Available
Ms. Julie Dahl Benum
Director of Strategy & ESG
No Bio Available
Mr. Peter Koldgaard Eriksen
Business Unit Director of Oceans
No Bio Available
Mr. Steffen Kirknes
Founder & Talent Manager
No Bio Available
Sture Ingdal
Finance Director
No Bio Available

Contacts

Address
SOR-TRONDELAG
Trondheim
Stiklestadveien 1
Contacts
+4773982550
norbit.com