Skip to main content

NORBIT ASA – Annual Report for 2022

Written by Customer Service on . Posted in Public Companies.

Trondheim, 30 March 2023: NORBIT today announces that it has published its Annual Report for 2022, which also includes the Sustainability Report and the Corporate Governance Report, which the board of directors approved on 29 March 2023.

“Our ability to develop and grow continued to be demonstrated in 2022. We delivered close to 50 per cent growth in revenues and improved profitability, driven by strong performance across all our business segments. We are on-track to reach our ambition of delivering NOK 1.5 billion in revenues and an EBITDA margin of 25 per cent in 2024. Since 2010, revenues have on average grown by 31 per cent annually and we have improved our profitability, laying the foundation for long-term value creation,” says Per Jørgen Weisethaunet, CEO of NORBIT.

The report is attached to this notice and is also available at the company’s website, www.norbit.com, under Investors.

The company also publishes its annual financial statements in European Single Electronic Format (ESEF), available as an attachment to this release.

For further queries, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915
Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA
NORBIT is a global company providing tailored technology to selected applications by solving challenges through innovative solutions, in line with its mission to Explore More. The company is structured in three business segments to address its key markets: Oceans, Connectivity and Product Innovation & Realization (PIR). The Oceans segment delivers tailored technology solutions to global maritime markets. The Connectivity segment provides tailored wireless solutions for identification, monitoring and tracking. The PIR segment offers R&D services, proprietary products, and contract manufacturing to key customers. NORBIT has around 450 employees, with headquarter in Trondheim, R&D and manufacturing in Norway and Hungary, and a worldwide sales and distribution platform.

For more information: www.norbit.com

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.

Attachments

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.