Norbit Asa (NBITF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation on Norbit's third quarter results. It's a privilege to be allowed to present the result of what our dedicated colleagues has achieved. As you will see, after the first nine months of the year, we're delivering revenues at par with what we did for the full year last year and with nearly a doubling of the results. For us, this is encouraging and helps us to go to work every day and ensure that we deliver on the expectations our customers have. So then let's dive into the numbers. As you see, Q3, as always, is somewhat weaker than the other quarters. Still, Q3 2024 is the best Q3 ever for Norbit. So we came in with revenues on 505 million NOX, which is 36% increase from last year. and with a margin of 15% giving 75 million NOX in EBIT and as I already said for the first nine months of the year we are delivering at par of what we did for the full year last year 1.7 billion Norwegian kroner up 43% its growth in all three business segments with an EBIT of 377 million, which is 92% higher than what we had for the same period last year. That represents a margin of 22%. Some other events, we've announced some new contracts in the PIR segment towards the defense and security sector. It's 120 million contract. And I think in that announcement, we also said that They've had accumulated smaller orders, which also summed up to 100 million. Yesterday, our eminent Bordeaux directors decided to resolve an extraordinary dividend of 3 Norwegian kroner per share. So looking into the different segments, oceans has some seasonality. It's some vacation season in Q3. Still nearly 200 million, so 192 million knock in revenues. That represents an increase of 22%. from last year, EBIT margin of 21 compared to 19. For the first nine months, we've del...