Trondheim,
The EBIT result was
- In an often seasonally slow first quarter, the Oceans segment reported revenues of
NOK 121.4 million , compared toNOK 135.7 million in what was a strong first quarter of 2023. The EBIT margin for the segment was 8 per cent. - Connectivity delivered revenues of
NOK 150.6 million , compared toNOK 136.3 million in the corresponding quarter of 2023. The EBIT margin was 28 per cent. - The Product Innovation & Realization (PIR) segment reported
NOK 145.2 million in revenues in the first quarter, up 29 per cent fromNOK 112.4 million in the corresponding quarter of 2023. The EBIT margin for the quarter was 3 per cent.
In April, Connectivity received a
The outlook for the year is reiterated where
“As we keep our focus on long-term goals, it's encouraging to reflect on how we achieved our 2024 targets a year ahead of schedule, which accelerated our efforts to set new benchmarks. This quarter marks the first since we launched our 2027 plan. Securing the new connectivity contract is a significant step towards these targets and supports our strategy to expand our product offering. The trust placed in us by another new blue-chip client not only validates our past achievements, but also solidifies our path towards being recognized as world-class. The momentum from professional customers who expect a lot from us is exactly what drives
Attached is the report for the first quarter and the presentation material.
CEO Per Jørgen Weisethaunet and CFO
at
webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240515_19/
For further queries, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915
About
NORBIT is a global provider of tailored technology to selected applications, solving challenges and promoting sustainability 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. The Oceans segment delivers tailored technology solutions to global maritime markets. The Connectivity segment provides wireless solutions for identification, monitoring and tracking. The Product Innovation & Realization segment offers R&D services, proprietary products, and contract manufacturing to key customers. NORBIT is headquartered in Trondheim with manufacturing in Europe and North America, has around 500 employees, and a worldwide sales and distribution platform.
For more information: www.norbit.com
This information counts as insider information and must be disclosed in accordance with the Market Abuse Regulation and the Norwegian Securities Trading Act §5-12.
This
Attachments
NORBIT Q1 2024 reportNORBIT Q1 2024 presentation
© OMX, source