INVESTORS

NORBIT is committed to providing all shareholders and potential investors with relevant financial information in a consistent and transparent manner.

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

Q2
13 Aug 2021

Latest news

26.10

Last updated 16.09.2021
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To view NORBIT’s stock exchange notices on the Oslo Børs news site, please click HERE.

Financial calendar

NORBIT ASA will publish its financial results as follows:

13 August 2021Half-yearly report 2021
11 November 2021Third quarter 2021
15 February 2022Fourth 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.

Financing

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.

NORBIT IR-contact

Group Chief Financial Officer (CFO)

Per Kristian Reppe

+47 900 33 203