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Norbit ASA ( (DE:4NK) ) has shared an update.
NORBIT ASA reported a record-breaking second quarter with revenues of NOK 684.4 million, marking a 63% increase from the previous year. The company’s strong performance was driven by significant growth across all segments, particularly in the Product Innovation & Realization sector, which saw a 118% revenue increase due to high demand in the defense and security sector. The company has raised its revenue targets for the year, reflecting a positive outlook supported by high activity levels and a growth-oriented strategy.
More about Norbit ASA
NORBIT ASA is a global supplier of tailored technology solutions aimed at solving challenges and promoting sustainability. The company operates in three main segments: Oceans, which provides technology to maritime markets; Connectivity, which offers wireless solutions for identification, monitoring, and tracking; and Product Innovation & Realization (PIR), which provides R&D services, proprietary products, and contract manufacturing. NORBIT has a global presence with headquarters in Trondheim and operations in Europe and North America.
Average Trading Volume: 187,600
Current Market Cap: NOK12.66B
Learn more about 4NK stock on TipRanks’ Stock Analysis page.