NORBIT ASA Sees Strong Growth and Strategic Wins

Norbit ASA (DE:4NK) has released an update.

NORBIT ASA reports strong second quarter with revenue of 418.9 million kroner, a 24% EBIT margin, and strategic milestones such as acquiring Innomar and securing a 160 million kroner order for GNSS On-Board Units. Growth was particularly notable in the Oceans and Product Innovation & Realization segments, with the former achieving a 28% increase in revenue. The company anticipates continued growth, particularly in the Oceans and PIR sectors, and maintains its yearly revenue forecast of 1.7-1.8 billion kroner.

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