From GlobeNewswire: 2025-05-14 01:00:00

NORBIT saw a 29% revenue increase in Q1, reaching NOK 521.7 million, with an EBIT result of NOK 127.4 million. The Oceans segment saw a 92% revenue increase, Connectivity segment maintained revenues, and PIR segment grew by 11%. CEO highlights strategic investments and commitment across all segments.

The board remains optimistic for 2025, with a revenue target of NOK 2.2 – 2.3 billion and improved EBIT margin. NORBIT stresses growth opportunities due to strong market innovation. The company will update annual targets in August. NORBIT offers tailored technology solutions across Oceans, Connectivity, and PIR segments.

NORBIT’s CEO and CFO will present Q1 results on May 14. NORBIT is a global provider of technology solutions for maritime, wireless, and R&D markets. The company has around 600 employees and aims to promote sustainability through innovative solutions. NORBIT operates in three business segments: Oceans, Connectivity, and Product Innovation & Realization.



Read more at GlobeNewswire:: Results for the first quarter 2025