Added to YB: 2026-09-08
Pitch date: 2026-09-04
NORBT.OL [neutral]
Norbit ASA
-0.8%
current return
Author Info
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Company Info
Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments.
Market Cap
NOK 10.3B
Pitch Price
NOK 162.00
Price Target
260.00 (+61%)
Dividend
3.10%
EV/EBITDA
15.22
P/E
22.92
EV/Sales
3.80
Sector
Electronic Equipment, Instruments and Components
Category
growth
NORBIT Update: Revenue target of 19% CAGR by 2030, but this year’s guidance softened
NORBT.OL (earnings): Norbit’s Q2 revenue rose 22% to NOK 831.6m, led by Connectivity and PIR, but 2025 guidance softened to NOK 2.9-3.1bn of revenue and 20-23% EBIT on defense-order timing and microchip costs. The 2030 ambition assumes 19% annual revenue growth plus M&A, while the DCF reaches NOK 260 by 2030 only if 18.8% FCF growth occurs as modelled, with multiples unchanged and dividends reinvested. Declining PIR margins, Toll4Europe concentration, slowing Oceans growth and execution risk around a possible fourth segment remain key uncertainties.
Read full article (5 min)