Norbit Asa (NBITF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Norbit's fourth quarter and full year 2024 presentation. Today it's exactly one day before we can celebrate Norbit's 30th birthday. So on February 14th 1995, 154,000 Norwegian kroner was deposited on a bank account in Serbius Baribank as share capital. It's been a very interesting journey. It's a lot of revealing stuff to think about, but we cannot dwell on the past having so much exciting and opportunities in front of us. So in addition to presenting the results for last year, we will also give you insight today on our ambitions for 2025. The end of last year was a very good end so it was a new record and being a company with ambitions of consistent growth we need to have records many quarters A 40% increase from the Q4 in 2023 is satisfying and it's good to see that this comes from strong underlying growth in all business segments. We also saw a good margin improvement. So having a 26% EBIT margin, giving us then a record high EBIT on 145 million NOX is satisfying. So for the full year, so we have shown all years since we were listed in 2019 here. So coming, concluding 2024 with 1,751 million NOC, that's with an EBIT margin of 20%, giving a consolidated EBIT of 342 million NOCs. The earnings per share is close to 4 Norwegian kroner, exactly 3.93. That's a 27% increase from last year. In the board meeting yesterday, our board declared that it will propose to the general meeting to pay a dividend according to the dividend policy. The policy says that 30 to 50 percent of the net profit should be paid out and also it says that we have an intention of paying out access capital as extraordinary dividend so it's for the 2024 closing proposed ordinary dividend of two Norwegian kroner and extraordinary dividend of one yielding in total than three Norwegian kroner...