Second quarter results 2021
On Friday 13 August 2021, NORBIT announced its second quarter results for 2021.
NORBIT reports revenues for the second quarter of 2021 of NOK 190 million and an EBITDA of NOK 50.5 million, its best financial quarter in history. For the first half of 2021, the company had revenues of NOK 338.7 million, compared to NOK 306.7 million for the same period of 2020.
NORBIT is providing an update on its ambitions and long-term financial targets. According to the updated plan, the company’s ambition is to deliver organic revenues in excess of NOK 1.5 billion and an EBITDA margin above 25 per cent in 2024. In addition, NORBIT is continuing to pursue value-accretive acquisitions to accelerate growth further.
CEO Per Jørgen Weisethaunet and CFO Per Kristian Reppe will present the results from 10:00 CEST through a webinar hosted by SpareBank 1 Markets. Please use the following link to register for the webinar: https://attendee.gotowebinar.com/register/5701754357001800203
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:
|13 August 2021||Half-yearly report 2021|
|11 November 2021||Third quarter 2021|
|15 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).
As per 30 December 2020, NORBIT had undrawn committed credit facilities of NOK 199.9 million.