Skip to main content

NORBIT ASA – Annual report for 2019

Written by Customer Service on . Posted in Public Companies.

In 2019, NORBIT had another year with strong profitable growth. The group recorded revenues of NOK 668 million, representing a 52 per cent growth and an EBITDA margin of 22 per cent.The board of directors of NORBIT approved the company’s annual report for 2019 on 16 March 2020. There are no changes to the results compared to the preliminary year-end results presented on 14 February 2020.“We delivered another year with strong and profitable growth, and successfully broadened our product offering to new carefully selected niches, in line with our strategy. I am truly pleased to see that all our operating units are delivering solid results. This has been made possible by our highly skilled and committed colleagues that work hard every day,” Per Jørgen Weisethaunet, CEO of NORBIT, writes in his letter to shareholders.“Also, our listing on Oslo Børs marked a new chapter of our 25-year history, preparing ourselves to explore more. Many compare an IPO to a marathon because it requires preparation and persistence. For us the listing day was the starting-line, not the finish-line,” Weisethaunet continues.“These days, the world is facing tremendous challenges related to the COVID-19 virus, spreading at an exponential growth rate around the world. We are monitoring the situation carefully and initiating actions ongoing, to protect our employees, our society, our operations, our customers and all other stakeholders that might be affected,” Weisethaunet ends.Please find NORBIT’s annual report for 2019 attached. The report is also available on the company’s website, www.norbit.comFor more information, please contact:
Charlotte Knudsen, IR and Communications, +47 9756 1959About NORBIT ASA
NORBIT is a global provider of tailored technology to carefully selected niches. The company’s business is structured to address its key markets; Oceans, targeting the global maritime markets, Intelligent Traffic Systems (ITS), offering connectivity solutions for truck applications, and Product Innovation and Realization (PIR), with in-house multidisciplinary R&D and manufacturing.NORBIT is headquartered in Trondheim, Norway, with manufacturing facilities in Selbu and Røros, Norway and 12 offices and subsidiaries around the world.For more information: www.norbit.comThis information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.AttachmentNorbit annual report 2019

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.