contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  tags {
    viewerIsFollowing
    id
    name
    pageUrl
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Norbit is a technology company. The company specializes in sonar solutions used in the marine sector. The technology is based on proprietary technology and is mainly used for inspection and control of underwater environments, 3D imaging, and various system integrations. In addition, various products are offered for surveillance, digital signal processing, and high-resolution data. The largest operations are found in North America and Europe. The headquarters are located in Trondheim, Norway.

Inderes              NORBIT - Transaction by Primary Insider - Inderes    Trondheim, 12 February 2026 Christina Hallin, director and primary insider of NORBIT ASA has on 11 February 2026 purchased 1 000 shares in NORBIT at an average price of NOK 185.00 per share....                              Christina Hallin, director and primary insider of NORBIT ASA has on 11 February 2026 purchased 1 000 shares in NORBIT at an average price of NOK 185.00 per share. Following the transaction, Hallin owns 1 000 shares in NORBIT.   Small streams…!

Let’s get back to the Q4 report by segment. The quarter was the best in the company’s history. I’m listening to the conference call at the same time and will add more details as I go. Oceans   Basic sonars are performing well, Wingheads are not. Usually the strongest quarter, but clearly weaker this year. As @stockenstain wrote above, for a few orders, delivery likely shifted to Q1. Oceans shouldn’t be viewed just quarter by quarter, but over a longer period: full-year development was very good. New innovations during the quarter, long-range sonars for mapping deep water bodies → expands the company’s TAM.  Connectivity   GNSS OBUs are rocking, as explained in the messages above. The Toll4Europe cooperation provides nice support; the 160MNOK order received during the quarter will be delivered during H1. Only part of the large 160MNOK order was delivered in Q4, and part shifted to Q1’26. A slower-than-expected production ramp-up was the reason.  PIR   An absolutely insane quarter driven by the defense sector. This is a double-edged sword: Is it just a temporary hype, and PIR will return to low-margin stagnation, or will this become the new normal? If it does, Norbit would turn even this historically weaker segment into a real powerhouse, significantly brightening the company’s future (as good demand can be expected across all segments). Demand in the defense sector remains high. Q4 EBIT margin rose from 14% to 22% year-on-year, and for the full year from 10% to 19%. Two large orders are estimated to be delivered during Q1’26 (120MNOK and 170MNOK).

PIR’s share of revenue rose from 31%→43% and defense revenue from 103M→696M, which is the most significant change in this report. ROCE rose to 34% (27% the previous year). The Oceans segment was weak in Q4, mainly due to an export license issue in the security sector and the postponement of renewable energy projects — management expects Q1 to improve. 2026 guidance is >3.0 billion NOK with margin improvement, and the 2027 targets were surpassed a couple of years ahead of schedule. New long-term targets through 2030 will be released in August. Based on this report, this morning’s dip looks illogical and like a good buying opportunity.

Inderes              NORBIT - Fourth quarter and preliminary annual results 2025 - Inderes    Trondheim, 11 February 2026 NORBIT delivered record-high revenues of NOK 2.5 billion million for the financial year 2025, with an operating profit (EBIT) for the full-year period at NOK 555....                              NORBIT delivered record-high revenues of NOK 2.5 billion million for the financial year 2025, with an operating profit (EBIT) for the full-year period at NOK 555.4 million, representing a margin of 22 per cent. The fourth quarter also set a record, with revenues reaching NOK 791.1 million - an increase of 42 per cent compared to the same period in 2024. The EBIT result for the quarter was NOK 178.4 million, representing a margin of 23 per cent.  The Oceans segment reported revenues of NOK 213.4 million, a 21 per cent decrease from Q4 2024, with an EBIT margin of 26 per cent. The Connectivity segment reached revenues of NOK 190.2 million, an increase of 25 per cent, and an EBIT margin of 28 per cent. The Product Innovation & Realization segment achieved a revenue growth of 173 per cent to NOK 407.9 million, with an EBIT margin of 22 per cent.   I’ll be updating this throughout the day as work permits! At first glance, this report leans toward the disappointing side. It fell short of both the company’s own guidance and analyst estimates. Important part: medium-term targets will be surpassed a year ahead of schedule, as was already known here.  The target for 2026 is to deliver more than NOK 3.0 billion in revenues and an EBIT margin improvement compared to the 22 per cent reported in 2025. The targets are supported by growth and improved financial performance through operational leverage, scalability and maintaining cost discipline.   New long-term ambitions toward 2030 will be presented at the second quarter reporting in August.

Quick update on expectations for next Wednesday, Feb 11th, interim report. Q4 will be wrapped up, and thus the entire 2025 will be in the books. Overall, the company guides for 2500-2600 MNOK in revenue for the full year, with an EBIT margin of 24-25%.  Q4 expectations by segment (company’s own) Oceans:  ~ 230 MNOK revenue.  Connectivity:  ~ 200-240 MNOK revenue.  PIR  ~ 390-420 MNOK revenue.  The company’s own range for Q4 revenue is therefore 820-890 MNOK, while analysts expect 846 MNOK. Analysts are expecting ~28% EBIT margin (236 MNOK), which I believe the company might slightly miss due to high PIR revenue (lower margin). If they reach the company’s own expectations, it will be another monster quarter, with year-on-year growth in the tens of percent. Peer Kongsberg’s Discovery segment Kongsberg reported its results a couple of days ago, and Discovery, which is highly comparable to Oceans, had a strong quarter. The company exceeded expectations overall. Kongsberg’s results highlighted strong demand for AUVs (unmanned vehicles) and the continued need for them: Norbit mentioned the same in their Q3 conference call, and I assume Norbit will also see strong revenue for Oceans from this in Q4. On this front as well, I’m heading toward the Norbit report with a positive mindset; there seems to be momentum across the entire market. As an aside, Kongsberg is spinning off its Maritime segment into a separate listed company. The spin-off will happen on April 23rd this year when it lists on the Oslo Stock Exchange. Consequently, the “original” Kongsberg will retain the Kongsberg Discovery and Kongsberg Defence & Aerospace segments. Very interesting—if the parent company takes a significant hit after the spin-off, I might be interested in this gem as well ;). Another top-tier quarter is expected from Norbit on Wednesday—no need to worry! Let’s hope we also get something in the way of guidance for this year. The medium-term targets are going to be absolutely crushed, as they would only require about 5% revenue growth this year to be met.                                                ps. The company is expected to see 16% revenue growth and 14% EPS growth this year. If this is achieved, the company trades at EV/EBIT 18x and P/E 23x.

https://www.finansavisen.no/tdn/2026/01/12/06526500/norbit-dnb-carnegie-tar-opp-dekning-med-hold-kursmal-175?zephr_sso_ott=7rPPpY News from a couple of days ago. Carnegie initiates coverage of Norbit. 175 NOK, “Hold”.  Good potential to continue growth in the long term Risks in earnings forecasts in the short term PIR growth is important for the company’s long game; on the other hand, it weighs on margins.

Inderes              NORBT: Contracts worth NOK 170 million received   - Inderes    NORBIT today announces that segment PIR has received contract manufacturing orders, valued at approximately NOK 170 million from an undisclosed European client in the defence and security sector...                             And again, a new larger PIR deal, scheduled for approximately Q1/26. This single order is larger than the Q1/25 (161MNOK) PIR revenue.   NORBIT today announces that segment PIR has received contract manufacturing  orders, valued at approximately NOK 170 million from an undisclosed European  client in the defence and security sector. A majority of the deliveries is  scheduled for first quarter 2026.

Norbit

Handelsbanken Fonder AB has on 2026-01-20 bought 40 683 shares in Norbit ASA (NO0010856511) and has consequently passed the 5% disclosure threshold. Please find further details below. Number...

<pre>Handelsbanken Fonder AB has on 2026-01-20 bought 40 683 shares in Norbit ASA (NO0010856511) and has consequently passed the 5% disclosure threshold. Please find further details below. Number of shares 	 Shares Votes # % # % 2026-01-19 3 171 778 4,96 3 171 778 4,96 2026-01-20 3 212 461 5,02 3 212 461 5,02 </pre>