Norbit Asa (NBITF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our Q1 2026 presentation. It's now been seven years since we listed Norbit on Oslo Stock Exchange. Many of you have followed us through the whole period. Thank you for your engagement and trust. The one-to-one meetings during these quarterly presentation days, they add fuel to our motivation to continue to explore more. So, thanks. Okay, let's dive into the number. First quarter, 2026. Once again, demonstrate the strategy of having uncorrelated verticals so three verticals having completely different market drivers two also three performs very well one segment is partly slower than the comparable period last year with this we are able to deliver top line growth of 40% where segment connectivity and PIR contributes most to the growth. EBIT in the period ended at 156 million NOX, resulting in an EBIT margin of 21%. So into the segments. In OCEAN's first quarter 26, ended with a decrease of 12% compared to Q1 2025. The year-on-year decline is very much explained through some lower sales of sonars towards rental companies. In Q1, 25, we had several, summing up to three large orders in that sub-segment. So, Pei Fiscom will comment more on that also later during our presentation. This quarter, the EBIT margin in oceans ended at 25%. And as you see, as I commented, the decline is based on lower wing head sales. And as you can see, Q1 25 compared to 24 was particularly strong on that part of our business. We have during the last weeks announced that we're now in some exclusive negotiations related to an acquisition. It's a company that fits very much to our criteria for add-on acquisitions where we'd like to see clear synergies We'd like to see that there is a relevant fit when it comes to technology and market. We'd like the acquisition to be acc...