Q1 2026 Norbit ASA Earnings Call Transcript

May 13, 2026 / 07:00 AM GMT

Release Date Price: kr203.4 (-8.71%)

Transcript

Key Points

Positve

Norbit ASA (STU:4NK) reported a 40% year-on-year revenue growth in Q1 2026, demonstrating strong performance in two out of three business segments.
The connectivity segment achieved a record quarter with a 45% revenue increase, driven by the GNSS onboard unit sales.
The product innovation and realization (PIR) segment saw over 100% revenue growth, supported by strong demand from defense and security clients.
The company maintained a strong cash flow conversion rate of 105%, leading to a 36% pre-tax return on capital employed.
Norbit ASA (STU:4NK) is in exclusive negotiations for an acquisition that is expected to be accretive to shareholders, indicating potential future growth.

Negative

The ocean segment experienced a 12% revenue decline compared to Q1 2025, attributed to lower sales of Winged Sonar products.
Gross margin decreased from 62% to 53%, partly due to a higher share of revenues from the PIR segment and lower realized margins in connectivity and PIR.
Foreign exchange headwinds negatively impacted the top-line, with a 5% decline in constant currency for the ocean segment.
Employee benefit expenses increased due to new hires and wage inflation, impacting overall profitability.
The company faces challenges with supply chain constraints, particularly with elevated lead times and increased prices for memory circuits.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NORBT.OL - Norbit ASA
Q1 2026 Norbit ASA Earnings Call
May 13, 2026 / 07:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and welcome to our Q1 2026 presentation.

It's now been seven years since we listed Norbit on Oslo Stock Exchange.

Many of you have followed us through the whole period.

Thank you for your engagement and trust.

The one-to-one meetings. During these quarterly presentation days, they add fuel to our motivation to continue to explore more. So, thanks.

Okay, let's dive into the number.

First quarter 2026.

Once again, demonstrate the strategy of having uncorrelated verticals. So, three verticals having completely different market drivers.

Two out of three performs very well.

One segment is partly slower than the comparable period last year.

With

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.