Norbit Asa (NBITF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Norbit's first quarter 2025 presentation. My name is Per-Jørgen Weisetaune. Together with me today, our CFO, Per-Christian Reppe, also will support in the presentation. It's been an eventful and positive start of the year, with plenty of opportunities to prove that we live by our core value we deliver. Strategic investments in R&D, manufacturing capacity and organization has enabled us to capitalize on the opportunities that are meant for Norbit, growing the business while also improving our margins. Right people, remain diversified, enhance opportunity radar, embrace agility, have been bullet points on over strategy blackboard always. These strategic bullet points remain just as relevant today. They are essential building blocks in our ambition to develop Norbit into a truly great company. Able to adapt to current trends, and well positioned us to take advantage of those to come. In Q1, we have delivered revenue growth compared to Q1 of 29%. The revenue increase is primarily driven by growth in oceans and product innovation and realization. The EBIT ended at 127.4 million, resulting in a margin of 24%. And what really matters at the final bottom line on the earnings per share, fully diluted, we see 1.4 Norwegian kroner compared to 0.5 last year, Q1 last year. Also worth mentioning, after closing of the quarter, we've received some new nice contracts for product innovation and realization. It's a new 125 million order for a European defense client to be delivered second half of this year. The general shareholders meeting conducted on the 6th of May resulted in all resolutions being approved including the three Norwegian kroner share dividend on the way to the shareholders account in a couple of days. So looking into the segments. For those knowing Norbit, ...