Norbit ASA posted record Q2 with EBIT of NOK 205M and 25% margin. H1 revenue hit NOK 1.5B, up 30%. CEO outlined 2030 growth ambitions.
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Norbit ASA (NBITF) reported a record second quarter, with EBIT of NOK 205 million and a margin of 25%, the company said Thursday. Revenue rose 22% from the same period last year.
For the first half, revenue reached NOK 1.5 billion, up 30% from a year earlier. EBIT for the period was NOK 361 million, representing a 23% margin. The Q2 margin of 25% was an improvement from the first-half average.
“Q2 came in as a new record quarter for NORBIT,” Chief Executive Officer Per Weisethaunet said on a call with analysts. “This is rewarding.”
The Q2 growth rate of 22% was slower than the 30% growth recorded in the first half as a whole. Weisethaunet and Chief Financial Officer Per Reppe hosted the call, which included a presentation of the results and the 2030 ambitions.
The Oceans segment recorded revenue of NOK 236 million in the quarter, roughly flat with the year-ago period.
Weisethaunet also outlined the company’s ambitions through 2030. He called it a privilege to be part of a team with a development-oriented mindset, adding that the team is eager to aim higher and continuously improve. He did not disclose specific financial targets for the 2030 horizon.
Norbit paid a dividend of NOK 5 per share in May, as decided at the annual shareholder meeting. The company secured several contracts during the quarter, which Weisethaunet said would be detailed later in the presentation.
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