Norway's NORBIT Q1 revenue rises 40%, EPS increases

Norbit ASA

13/05/2026 06:13

Overview

Norway technology provider's Q1 revenue rose 40% yr/yr to NOK 732 mln

Diluted EPS for Q1 increased to NOK 1.73 from NOK 1.40 last year

Company maintains 2026 revenue target above NOK 3.0 bln and aims for EBIT margin improvement

Outlook

NORBIT targets 2026 revenues of more than NOK 3.0 bln

Company aims for EBIT margin improvement over 2025's 22%

NORBIT plans to broaden product offering and customer base through organic growth and acquisitions

Result Drivers

PIR SEGMENT GROWTH - Product Innovation & Realization segment revenue rose 111% yr/yr to NOK 339 mln, driving overall growth

CONNECTIVITY SEGMENT STRENGTH - Connectivity segment revenue increased 45% yr/yr to NOK 211.4 mln

OCEANS SEGMENT DECLINE - Oceans segment revenue fell 12% yr/yr to NOK 203.6 mln

Company press release: ID:nGNE31k0lM

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 732.1 mln
NOK 758 mln (2 Analysts)
Q1 EPS
NOK 1.73


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Norbit ASA is NOK259.00, about 16.2% above its May 12 closing price of NOK222.80

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)