NORBIT ASA
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NORBIT - Results for the third quarter of 2025
Globenewswire· 2025-11-13 06:00
Core Insights - NORBIT reported a revenue of NOK 505.4 million in Q3 2025, a 36% increase compared to Q3 2024, with an EBIT of NOK 75.4 million, reflecting a 15% margin [1] - For the first nine months of 2025, revenues reached NOK 1,711.5 million, up 43% year-over-year, and EBIT was NOK 377.0 million, a 92% increase from the same period in 2024 [1][2] - The company anticipates full-year revenues between NOK 2.5 billion and NOK 2.6 billion, with an EBIT margin forecasted between 24% and 25% [3] Financial Performance - The Oceans segment generated NOK 192.4 million in Q3 2025, a 22% increase driven by strong sonar sales, with an EBIT margin of 21% [6] - The Connectivity segment reported revenues of NOK 107.5 million, a 3% decline due to postponed orders, with an EBIT margin of 15% [6] - The Product Innovation & Realization segment saw a 96% revenue growth to NOK 224.1 million, primarily due to increased demand from the defense and security sector, with an EBIT margin of 18% [6] Strategic Outlook - The CEO highlighted the strong customer trust in NORBIT and the momentum towards achieving record results, exceeding initial targets for the year [2][4] - An extraordinary dividend of NOK 3.00 per share was declared, bringing the total dividend for 2024 to NOK 6.00 per share, reflecting the company's strong financial position [3] - NORBIT's strategy focuses on market-driven innovation and a commitment to delivering value, positioning the company for continued growth [4]
NORBIT - Invitation to presentation of NORBIT's third quarter results, 13 November 2025
Globenewswire· 2025-11-06 06:00
Core Insights - NORBIT will announce its third quarter results for 2025 on November 13, 2025 [1] - The interim report and presentation materials will be available on the company's website and the Oslo Stock Exchange's news site [1] - CEO Per Jørgen Weisethaunet and CFO Per Kristian Reppe will present the results at 08:00 am CET [2] Company Overview - NORBIT is a global provider of tailored technology focused on selected applications, promoting sustainability through innovative solutions [2] - The company operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization [2] - The Oceans segment provides technology solutions for global maritime markets, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking [2] - The Product Innovation & Realization segment includes R&D services, proprietary products, and contract manufacturing [2] - NORBIT is headquartered in Trondheim, employs around 650 people, and has manufacturing facilities in Europe and North America [2]
NORBIT – Share issue in connection with incentive programs to employees
Globenewswire· 2025-08-19 05:00
Core Points - NORBIT ASA has approved incentive share purchase programs for eligible employees, allowing them to acquire shares at market value and receive compensation in new shares after 24 months if conditions are met [1][2] - A total of 35,075 shares will be awarded to employees who participated in the share matching program in 2023, delivered from existing treasury shares [2] - Following the share transactions, primary insiders will hold significant shares, including Peter Eriksen with 870,245 shares and Arild Søraunet with 712,011 shares [3] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [4] - The Oceans segment targets global maritime markets with specialized technology solutions, while the Connectivity segment offers wireless solutions for identification and tracking [4] - The company is headquartered in Trondheim, employs around 600 people, and has manufacturing facilities in Europe and North America [4]
NORBIT - Results for the second quarter 2025
Globenewswire· 2025-08-14 05:00
Core Insights - NORBIT reported a revenue of NOK 684.4 million in Q2 2025, marking a 63% increase compared to Q2 2024, with an EBIT of NOK 174.2 million and a margin of 25% [1] - Diluted earnings per share rose to NOK 2.06 from NOK 1.20 year-over-year [1] Segment Performance - The Oceans segment generated NOK 239.4 million in revenue, a 22% increase from Q2 2024, with an EBIT margin of 36% [2] - The Connectivity segment reported revenues of NOK 169.8 million, up 67% from the same quarter in 2024, with an EBIT margin of 32% [2] - The Product Innovation & Realization (PIR) segment achieved revenues of NOK 293.1 million, reflecting a growth of 118% from Q2 2024, driven by demand in the defense and security sector, with an EBIT margin of 20% [3] Management Commentary - CEO Per Jørgen Weisethaunet emphasized the company's commitment to delivering tailored technology across various segments, contributing to a well-diversified business model that supports profitable growth [4] - The company maintains a development-oriented mindset, focusing on preparedness and scalability to enhance growth opportunities [5] Outlook - The outlook for NORBIT is positive, with continued high activity across all business segments. The revenue target for 2025 has been raised to NOK 2.5 – 2.6 billion from NOK 2.2 – 2.3 billion, while the EBIT margin is expected to remain around 25% [6]
NORBIT - Invitation to presentation of NORBIT's second quarter and half-year result, 14 August 2025
Globenewswire· 2025-08-07 05:00
Core Insights - NORBIT will announce its second quarter results for 2025 on August 14, 2025 [1] - The interim report and presentation material will be available on the company's website and Oslo Stock Exchange's news site [1] - CEO Per Jørgen Weisethaunet and CFO Per Kristian Reppe will present the results at 09:00 am CEST [2] Company Overview - NORBIT is a global provider of tailored technology focused on selected applications, promoting sustainability through innovative solutions [2] - The company operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization [2] - The Oceans segment provides technology solutions for global maritime markets, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking [2] - The Product Innovation & Realization segment includes R&D services, proprietary products, and contract manufacturing [2] - NORBIT is headquartered in Trondheim, has around 600 employees, and operates manufacturing facilities in Europe and North America [2]
NORBIT ASA – Mandatory notification of trade by primary insider
Globenewswire· 2025-05-23 15:53
Company Overview - NORBIT ASA is a global provider of tailored technology aimed at solving challenges and promoting sustainability through innovative solutions, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [4] - The Oceans segment focuses on delivering technology solutions to global maritime markets, while the Connectivity segment provides wireless solutions for identification, monitoring, and tracking [4] - The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers [4] - NORBIT is headquartered in Trondheim, has manufacturing facilities in Europe and North America, employs around 600 people, and operates a worldwide sales and distribution platform [4] Recent Share Transaction - Petors AS, wholly owned by Per Jørgen Weisethaunet, CEO of NORBIT ASA, sold 153,000 shares in NORBIT ASA at an average price of NOK 193.23 per share for tax-related purposes [1] - Prior to the sale, Petors AS held 7,129,944 shares, representing 11.1% of NORBIT's outstanding shares; after the transaction, it holds 6,976,944 shares [2] - Weisethaunet and closely associated persons now hold a total of 6,986,157 shares, approximately 10.93% of the company's outstanding shares [2]
NORBIT – New registered share capital
Globenewswire· 2025-05-21 19:25
Company Overview - NORBIT ASA is a global provider of tailored technology aimed at solving challenges and promoting sustainability through innovative solutions [2] - The company operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization [2] - NORBIT is headquartered in Trondheim, with manufacturing facilities in Europe and North America, employing around 600 people [2] Recent Developments - On 15 May 2025, NORBIT announced a share capital increase related to the exercise of restricted stock units [1] - The share capital increase was registered on 21 May 2025, resulting in a new registered share capital of NOK 6,394,869.50, divided into 63,948,695 shares, each with a par value of NOK 0.10 [1]
NORBIT – Award and exercise of restricted stock units
Globenewswire· 2025-05-15 05:00
Core Points - The Board of Directors of NORBIT ASA has awarded a total of 135,676 restricted stock units (RSUs) to executive management based on the financial year 2024 [1] - A total of 56,615 shares will be issued at par value due to the exercise of vested RSUs, with the remaining RSUs vesting in 2026 and 2027 [1] - The new share capital of the Company will be NOK 6,394,869.50, divided into 63,948,695 shares, each with a par value of NOK 0.10 following the registration of the share capital increase [3] - The Company will purchase 57,460 shares at a price of NOK 170.20 per share to cover tax liabilities for certain executive management members [4] - The executive management's holdings post-transactions include significant shares and RSUs, with the Group CEO holding 7,139,157 shares and 38,616 RSUs [5] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [6] - The Oceans segment provides technology solutions for global maritime markets, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking [6] - The Product Innovation & Realization segment delivers R&D services, proprietary products, and contract manufacturing to key customers [6]
NORBIT - Results for the first quarter 2025
Globenewswire· 2025-05-14 05:00
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]
NORBIT - Shares of NORBIT ASA trading ex-dividend of NOK 3.00 today
Globenewswire· 2025-05-07 05:00
Company Overview - NORBIT ASA is a global provider of tailored technology focused on solving challenges and promoting sustainability through innovative solutions [2] - The company operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization [2] - NORBIT is headquartered in Trondheim, with manufacturing facilities in Europe and North America, employing around 600 people [2] Dividend Announcement - From 7 May 2025, NORBIT ASA shares will be traded ex-dividend at NOK 3.00 per share [1] - The record date for the dividend is set for 8 May 2025, with payment expected around 16 May 2025 [1]