Brief: Norsk Titanium Q4 Rev Up Q/Q To $2.3 Mln

Norsk Titanium AS

04/02/2025 06:36

Feb 4 (Reuters) - Norsk Titanium AS  NTI.OL :
    * Q4 USD 2.3 MILLION IN REVENUE, UP FROM USD 0.9 MILLION IN Q3 2024
    * DELAY IN Q4 PART TRANSITIONS DUE TO LONGER THAN ANTICIPATED CUSTOMER INTERNALAPPROVAL
CYCLES
    * SIGNIFICANT GROWTH EXPECTED IN 2025, SEES PARTS IN SERIAL PRODUCTION TO EXCEED 120M
ESTIMATED
ARR OF USD 70-90 MILLION BY YEAR-END
    * EXPANSION PLAN IS SUPPORTED BY LONG-TERM DEMAND GROWTH AS GLOBAL AIRCRAFT PRODUCTION RAMPS
UP IN
2025 AND BEYOND
    * REAFFIRMS ITS LONGER-TERM REVENUE TARGET OF USD 150 MILLION AND AN EBITDA MARGIN OF 30% BY
2026

Source text: Link
Further company coverage:  NTI.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))