Norbit Group AS
ISIN: NO0010856511 | Ticker: NORBT | LEI: 254900C08RCMXVZYFY97
Country: Norway
NORBIT is a global provider of tailored technology to selected niches, solving challenges through sustainable and innovative solutions, in line with its mission to Explore More. The company is structured in three business segments to address its key markets: Oceans targeting the global maritime markets, Connectivity providing wireless solutions for identification, monitoring and tracking, and Product Innovation and Realization (PIR) offering R&D services and contract manufacturing.
NORBIT is headquartered in Trondheim with manufacturing in Norway, has around 400 employees and a worldwide sales and distribution platform.
1980
Served areaWorldwide
Headcount400
HeadquartersStiklestadveien 1, 7041 Trondheim – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 671,600,000.00 | 976,900,000.00 | 1,220,800,000.00 |
| Noncurrent Assets | N/A | 345,100,000.00 | 503,800,000.00 | 547,800,000.00 |
| Property Plant And Equipment | N/A | 150,000,000.00 | 164,900,000.00 | 187,700,000.00 |
| Goodwill | N/A | 0.00 | 82,100,000.00 | 84,400,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 171,500,000.00 | 242,300,000.00 | 258,800,000.00 |
| Investment Accounted For Using Equity Method | N/A | 3,400,000.00 | 900,000.00 | 700,000.00 |
| Deferred Tax Assets | N/A | 19,700,000.00 | 13,300,000.00 | 15,600,000.00 |
| Other Noncurrent Assets | N/A | 300,000.00 | 0.00 | 0.00 |
| Current Assets | N/A | 326,500,000.00 | 473,200,000.00 | 673,000,000.00 |
| Inventories | N/A | 164,600,000.00 | 263,200,000.00 | 426,300,000.00 |
| Current Trade Receivables | N/A | 121,400,000.00 | 154,900,000.00 | 168,000,000.00 |
| Cash and cash equivalents | 21,700,000.00 | 15,000,000.00 | 21,700,000.00 | 41,700,000.00 |
| Equity And Liabilities | N/A | 671,600,000.00 | 976,900,000.00 | 1,220,800,000.00 |
| Equity | 443,600,000.00 | 436,800,000.00 | 497,900,000.00 | 599,300,000.00 |
| Issued Capital | N/A | 5,700,000.00 | 5,800,000.00 | 5,900,000.00 |
| Retained Earnings | N/A | 155,200,000.00 | 183,300,000.00 | 273,500,000.00 |
| Share Premium | N/A | 275,400,000.00 | 308,800,000.00 | 319,900,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 436,300,000.00 | 497,900,000.00 | 599,300,000.00 |
| Noncontrolling Interests | N/A | 500,000.00 | 0.00 | 0.00 |
| Liabilities | N/A | 234,900,000.00 | 479,100,000.00 | 621,500,000.00 |
| Noncurrent Liabilities | N/A | 27,600,000.00 | 176,300,000.00 | 187,600,000.00 |
| Deferred Tax Liabilities | N/A | N/A | 4,000,000.00 | 3,600,000.00 |
| Other Noncurrent Liabilities | N/A | 1,300,000.00 | 3,200,000.00 | 5,400,000.00 |
| Longterm Borrowings | N/A | 11,600,000.00 | 162,600,000.00 | 154,600,000.00 |
| Current Liabilities | N/A | 207,300,000.00 | 302,700,000.00 | 433,800,000.00 |
| Trade And Other Current Payables To Trade Suppliers | N/A | 67,400,000.00 | 100,200,000.00 | 132,600,000.00 |
| Current Tax Liabilities Current | N/A | 900,000.00 | 8,800,000.00 | 13,400,000.00 |
| Other Current Liabilities | N/A | 47,500,000.00 | 59,700,000.00 | 93,300,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 618,800,000.00 | 787,800,000.00 | 1,167,500,000.00 |
| Raw Materials And Consumables Used | 292,700,000.00 | 363,300,000.00 | 549,500,000.00 |
| Employee Benefits Expense | 155,600,000.00 | 187,700,000.00 | 250,200,000.00 |
| Depreciation And Amortisation Expense | 49,100,000.00 | 69,000,000.00 | 86,500,000.00 |
| Profit Loss From Operating Activities | 44,300,000.00 | 73,500,000.00 | 148,800,000.00 |
| Finance Income | 1,000,000.00 | 300,000.00 | 700,000.00 |
| Finance Costs | 11,100,000.00 | 9,800,000.00 | 28,500,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 600,000.00 | -300,000.00 | -200,000.00 |
| Profit Loss Before Tax | 34,800,000.00 | 63,700,000.00 | 120,800,000.00 |
| Income Tax Expense Continuing Operations | 7,500,000.00 | 15,900,000.00 | 14,100,000.00 |
| Profit (loss) | 27,300,000.00 | 47,900,000.00 | 106,700,000.00 |
| Profit Loss Attributable To Owners Of Parent | 27,300,000.00 | 47,900,000.00 | 106,700,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | 0.00 | 0.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | 27,300,000.00 | 47,900,000.00 | 106,700,000.00 |
| Adjustments For Income Tax Expense | N/A | 7,500,000.00 | 15,900,000.00 | 14,100,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | 3,200,000.00 | -91,200,000.00 | -161,300,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | -21,800,000.00 | 31,000,000.00 | 32,000,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 49,100,000.00 | 69,000,000.00 | 86,500,000.00 |
| Adjustments For Fair Value Gains Losses | N/A | -200,000.00 | 0.00 | N/A |
| Cash Flows From Used In Operating Activities | N/A | 92,100,000.00 | 47,700,000.00 | 85,700,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 73,500,000.00 | 29,000,000.00 | 31,500,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 63,200,000.00 | 51,200,000.00 | 60,500,000.00 |
| Cash Flows From Used In Investing Activities | N/A | -136,700,000.00 | -217,600,000.00 | -91,900,000.00 |
| Proceeds From Issuing Other Equity Instruments | N/A | 0.00 | 7,200,000.00 | 9,600,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 32,700,000.00 | 166,300,000.00 | 30,000,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 6,800,000.00 | 7,400,000.00 | 39,400,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 3,400,000.00 | 8,200,000.00 | 10,000,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 34,100,000.00 | 17,000,000.00 | 17,500,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 37,800,000.00 | 176,600,000.00 | 26,200,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -6,700,000.00 | 6,700,000.00 | 20,000,000.00 |
| Cash and cash equivalents | 21,700,000.00 | 15,000,000.00 | 21,700,000.00 | 41,700,000.00 |
Please note that some sums might not add up.
NO0010856511
LEI254900C08RCMXVZYFY97
SectorTechnology Hardware & Equipment
IndustryElectronic Equipment, Instruments & Components
Sub-IndustryElectronic Equipment & Instruments
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