Norbit Asa (NBITF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.535 Good morning and welcome to our Q1 2026 00:00:04.535 -- 00:00:06.535 presentation. 00:00:06.918 -- 00:00:13.204 It's now been seven years since we listed Norbit on Oslo Stock Exchange. 00:00:13.204 -- 00:00:16.967 Many of you have followed us through the whole period. 00:00:16.967 -- 00:00:21.230 Thank you for your engagement and trust. 00:00:21.232 -- 00:00:26.597 The one-to-one meetings during these quarterly presentation days, 00:00:26.597 -- 00:00:31.632 they add fuel to our motivation to continue to explore more. 00:00:31.632 -- 00:00:34.933 So, thanks. 00:00:35.056 -- 00:00:39.640 Okay, let's dive into the number. 00:00:39.723 -- 00:00:42.404 First quarter, 2026. 00:00:43.649 -- 00:00:46.289 Once again, demonstrate 00:00:47.374 -- 00:00:48.796 the 00:00:48.796 -- 00:00:52.298 strategy of having uncorrelated 00:00:52.327 -- 00:00:54.109 verticals 00:00:54.109 -- 00:00:57.911 so three verticals 00:00:57.933 -- 00:01:02.395 having completely different market drivers 00:01:02.938 -- 00:01:07.761 two also three performs very well one 00:01:07.843 -- 00:01:11.287 segment is partly 00:01:11.287 -- 00:01:16.650 slower than the comparable period last year 00:01:16.652 -- 00:01:23.157 with this we are able to deliver top line growth of 40% 00:01:23.157 -- 00:01:26.721 where segment connectivity and PIR 00:01:26.721 -- 00:01:29.824 contributes most to the growth. 00:01:29.824 -- 00:01:35.170 EBIT in the period ended at 156 million NOX, 00:01:35.170 -- 00:01:39.773 resulting in an EBIT margin of 21%. So 00:01:40.837 -- 00:01:43.618 into the segments. 00:01:44.141 -- 00:01:47.913 In OCEAN's first quarter 26, 00:01:47.913 -- 00:01:53.840 ended with a decrease of 12% compared to Q1 2025. 00:01:55.005 -- 00:01:56.768 The year-on-year 00:01:5...