Results for the third quarter of 2021
NORBIT reports all-time high revenues for the third quarter of 2021 of NOK 200.3 million, corresponding to a growth of 34 per cent compared to the same period last year. Adjusted for transaction costs related to the acquisition of iData, EBITDA was NOK 37.0 million, representing a margin of 18 per cent. For the first nine months of 2021, the company had revenues of NOK 538.9 million, up from NOK 456.7 million last year, and an EBITDA of NOK 101.0 million.
“The growth trajectory continued in the third quarter, where all segments contributed to the progress and both Oceans and Connectivity reported improved profitability from the comparable period last year. I’m pleased to see that we have been able to regain and accelerate momentum this year, benefitting from the strategies and priorities set,” 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:
|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.