Norbit Group AS Logo

Norbit Group AS

ISIN: NO0010856511 | Ticker: NORBT | LEI: 254900C08RCMXVZYFY97
Country: Norway

About Norbit Group AS

Company Description

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.

Year founded

1980

Served area

Worldwide

Headcount

400

Headquarters

Stiklestadveien 1, 7041 Trondheim – Norway

Financial statements

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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.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0010856511

LEI

254900C08RCMXVZYFY97

Sector

Information Technology

Industry Group

Technology Hardware & Equipment

Industry

Electronic Equipment, Instruments & Components

Sub-Industry

Electronic Equipment & Instruments

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

Contact Investor Relations department

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