Norway · Delayed Price · Currency is NOK Norbit ASA Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 and H1 2026 results with strong revenue and EBIT growth, driven by all segments and strategic acquisitions. 2026 guidance targets NOK 2.5–3.1 billion revenue and 20%-23% EBIT margin, with a 2030 ambition of NOK 6 billion revenue and 20%-25% EBIT margin.
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Q1 2026 saw 40% revenue growth, led by Connectivity and PIR, while Oceans declined due to order timing and FX. EBIT margin was 21%, with strong cash flow and a robust balance sheet. 2026 guidance for >NOK 3B revenue and higher margins is reiterated.
Fiscal Year 2025
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Record 2025 results with 43% revenue growth and 61% EPS increase, driven by strong PIR and Connectivity segments. 2026 revenue ambition raised to over NOK 3 billion, with all segments expected to contribute and a NOK 5 per share dividend proposed.
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Record Q3 revenues and margins were achieved, with all segments contributing to strong year-over-year growth. Full-year guidance was raised, and an extraordinary dividend was declared, supported by robust liquidity and a solid outlook.
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Record Q2 and H1 results with 63% and 46% revenue growth, respectively, and improved margins across all segments. Full-year guidance raised to NOK 2.5–2.6 billion in revenue and 25% EBIT margin, supported by strong demand in defense, security, and proprietary technology.
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Q1 2025 saw 29% revenue growth and significant margin expansion, led by Oceans and defense-related contracts. Guidance for FY 2025 is NOK 2.2–2.3 billion in revenue with improved EBIT margin, and a NOK 3 per share dividend will be paid.
Fiscal Year 2024
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Record Q4 and full year 2024 results with 40% revenue growth in Q4 and 15% for the year, strong EBIT and margin improvements, and robust performance across all segments. 2025 targets include NOK 2,200–2,300 million in revenue and higher EBIT margin, supported by continued investment and expansion.
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Q3 revenue grew 13% year-over-year to NOK 372 million, with strong margins and major contract wins in security and GNSS OBU. Full-year revenue is guided at NOK 1.75 billion, with EBIT margin around 20%, though Oceans segment volatility and contract timing remain key uncertainties.
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Q2 2024 set new records with NOK 419 million in revenue and a 24% EBIT margin, driven by Oceans and Product Innovation and Realization. Strategic moves included the Innomar acquisition and a major contract with Toll4Europe, while 2024 guidance remains at NOK 1.7–1.8 billion.