Latest quarterly results
NORBIT reported consolidated revenues for the fourth quarter of 2020 of NOK 162.1 million, compared with NOK 186.5 million in the same quarter previous year. Revenues for the full year ended at NOK 618.8 million, compared with NOK 668.2 million in 2019. The largest business segment, Oceans, has developed well in 2020 with a growth of 7 percent. The board proposes a dividend of NOK 0.30 per share.
“2020 was an extraordinary year in which all our business areas felt the consequences of the world closing down. When the pandemic hit, we chose to maintain our investment plans while at the same time being very conscious of cost control in order to maintain our good solvency. We are now entering 2021 with a broader product range, good solvency, and a stronger organization. Production capacity has more than doubled”, says Per Jørgen Weisethaunet, CEO of NORBIT.
To view NORBIT’s stock exchange notices on the Oslo Børs news site, please click HERE.
NORBIT ASA will publish its financial results as follows:
|10 February 2021||Fourth quarter 2020|
|25 March 2021||Annual report|
|4 May 2021||AGM|
|6 May 2021||First quarter 2021|
|13 August 2021||Half-yearly report 2021|
|4 November 2021||Third quarter 2021|
|10 February 2022||Fourth quarter 2021|
The results will be published to the Oslo Stock Exchange Newsweb and to the Company’s homepage at around 07:00 am. The management will host a presentation of the results. Further information about the presentations will be communicated. The dates are subject to changes.
NORBIT has two primary sources of financing: A short-term facility of NOK 130 million (1M NIBOR + 1.4% margin) and a long-term facility of NOK 150 million (3M NIBOR + 1.8% margin). Both facilities are with the Norwegian bank DNB.
As per 30 June 2020, NORBIT had undrawn facilities of NOK 247.3 million.