Stock Analysis

Norbit Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Norbit (OB:NORBT) Full Year 2023 Results

Key Financial Results

Revenue: kr1.52b (up 30% from FY 2022).
Net income: kr185.3m (up 74% from FY 2022).
Profit margin: 12% (up from 9.1% in FY 2022). The increase in margin was driven by higher revenue.
EPS: kr3.11 (up from kr1.82 in FY 2022).

revenue-and-expenses-breakdown — OB:NORBT Revenue and Expenses Breakdown April 12th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Norbit Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Oceans segment contributing a total revenue of kr599.0m (39% of total revenue). The largest operating expense was General & Administrative costs, amounting to kr360.3m (50% of total expenses). Explore how NORBT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway.

Performance of the Norwegian Electronic industry.

The company's shares are down 5.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Norbit's balance sheet health.

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