TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Norbit ASA ( (DE:4NK) ).
NORBIT ASA reported a significant increase in revenues for the first quarter of 2025, reaching NOK 521.7 million, a 29% rise from the previous year. The company’s EBIT margin improved to 24%, with diluted earnings per share increasing to NOK 1.40. The Oceans segment showed remarkable growth with a 92% increase in revenues, while the Connectivity and PIR segments also performed well. The company attributes its success to strategic investments in capacity and competence, positioning it to capitalize on growth opportunities. NORBIT’s board remains optimistic about future developments, with revenue targets for 2025 set between NOK 2.2-2.3 billion.
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 solutions 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 development and production facilities in Europe and North America.
Average Trading Volume: 126,819
Current Market Cap: NOK9.77B
For an in-depth examination of 4NK stock, go to TipRanks’ Stock Analysis page.