Norbit Asa (NBITF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Norbit's Q2 and H1 2026 presentation. Today we have the pleasure of presenting another record quarter for Norbit. This is rewarding and we're grateful for the continued trust placed in us by professional customers around the globe. What makes today an even better day at work is that we also have the opportunity to present our ambitions towards 2030. It's really a privilege to be part of a team with a development-oriented mindset. It's people who are eager to aim higher, continuously improve, and contribute where it matters. So, after we walked you through both the Q2 and H1 presentation, as well as the ambitions towards 2030, we will open the floor for questions. As said, Q2 came in as a new record quarter for Norbit. We have a 22% growth towards Q2 2025. EBIT in the quarter ended at 205 million NOK representing 25% EBIT margin. In the quarter it's been paid out also the dividend decided upon by the annual shareholders meeting with five Norwegian kroner per share was paid out in May. For the first half year, which also is a record, we have 1.5 billion NOx in revenues, which is a 30% growth from first half 2025. with an EBIT margin of 23%. This gives us an EBIT of 361. In addition, during the quarter, we've been awarded several good contracts that we will also comment on later in the presentation. Give you a brief update from the different segments. So in the oceans segment, we've recorded revenues of 236 millions. That's very much at par with last year, Q1. and the EBIT margin is on 33% in the quarter. For the first half, it's a decrease of 7% for this segment and on the revenues for 440 million with the EBIT margin of 30%. gives a quite flat comparison to the year before. We've included also in this presentation, as in previous presentati...