Brief: Norbit Q4 EBITDA Up At NOK 40.2 Mln

Norbit ASA

14/02/2020 06:19

Feb 14 (Reuters) - Norbit ASA  NORBIT.OL :
    * NORBIT - STRONG GROWTH FOR THE FOURTH QUARTER AND FULL
YEAR 2019
    * REPORTED REVENUES FOR Q4 OF 2019 OF NOK 186.5 MILLION,
REPRESENTING A REVENUE GROWTH OF 46 PER CENT FROM CORRESPONDING
PERIOD IN 2018
    * Q4 EBITDA WAS NOK 40.2 MILLION FOR THE PERIOD (NOK 27.1
MILLION)
    * FOR FULL YEAR OF 2019, REVENUES WERE NOK 668.2 MILLION, UP
52
PER CENT FROM 2018
    * FOR FULL YEAR, EBITDA AMOUNTED TO NOK 149.7 MILLION, UP
FROM NOK
74.8 MILLION FOR 2018
    * BOARD OF DIRECTORS OF NORBIT PROPOSES A DIVIDEND OF NOK
0.6 PER
SHARE
    * IN SHORT-TERM, NORBIT EXPECTS SOME LOWER VISIBILITY IN
ORDERS
FROM AUTOMOTIVE, DUE TO EXPECTED DECLINE IN DEMAND FOR HEAVY
TRUCKS IN 2020, ALTHOUGH LONGER-TERM OUTLOOK REMAINS ATTRACTIVE
    * NORBIT IS POSITIVE ABOUT GROWTH OUTLOOK FOR
SATELLITE-BASED
TOLLING SOLUTIONS
    * BOARD CONSIDERS NORBIT'S FINANCIAL CAPACITY TO BE STRONG
    * LONGER-TERM OUTLOOK REMAINS ATTRACTIVE

Source text for Eikon:  ID:nNDL7zmv2P 
Further company coverage:  NORBIT.OL 

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