NORBIT - Results for the first quarter 2025

Core Insights - NORBIT reported Q1 2025 revenues of NOK 521.7 million, a 29% increase from Q1 2024, with an EBIT of NOK 127.4 million and a margin of 24% [1] - Diluted earnings per share rose to NOK 1.40 from NOK 0.50 year-over-year [1] - The company is optimistic about its 2025 revenue target of NOK 2.2 – 2.3 billion, expecting an improved EBIT margin compared to the previous year's 20% [3] Business Segments Performance - The Oceans segment achieved revenues of NOK 232.7 million, a 92% increase from Q1 2024, with an EBIT margin of 35% [7] - The Connectivity segment reported revenues of NOK 145.9 million, consistent with Q1 2024, and an EBIT margin of 28% [7] - The Product Innovation & Realization segment saw an 11% revenue growth to NOK 160.6 million, with an EBIT margin of 14% [7] Strategic Positioning - NORBIT emphasizes its market-driven innovation and strong operational foundation to meet growing demand across all business segments [2] - The company is focused on strategic investments in capacity and competence to capitalize on growth opportunities [2] - NORBIT operates in three key segments: Oceans, Connectivity, and Product Innovation & Realization, addressing specific market needs [4]