OB:WWI
OB:WWIShipping

Wilh. Wilhelmsen Holding (OB:WWI) Net Margins Hit 51.4%, Reinforcing Bullish Narratives on Profit Quality

Wilh. Wilhelmsen Holding (OB:WWI) posted robust net profit margins of 51.4%, climbing from 43.3% last year, with EPS growth averaging 30.5% per year over the past five years. However, its latest annual earnings growth of 27.7% now trails the five-year trend, and market consensus anticipates a 11.4% average decline in EPS per year over the next three years, even as projected revenues are expected to grow at a modest 2.4% pace. With WWI now trading at a lower P/E ratio than both Norwegian peers...
OB:AFISH
OB:AFISHFood

Arctic Fish Holding (OB:AFISH): Five-Year Loss Acceleration Tests Bullish Profitability Narrative

Arctic Fish Holding (OB:AFISH) remains unprofitable, with losses having grown at an average rate of 53.5% per year over the past five years. Despite the lack of positive net profit margins, revenue is forecast to surge by 25.9% annually, which is well ahead of the broader Norwegian market’s 2.4% forecast. Earnings are expected to rise 101.94% per year and there is potential for profitability within the next three years. This outlook has put a spotlight on the stock’s NOK30.2 share price,...
OB:NAPA
OB:NAPACommunications

Napatech (OB:NAPA) Losses Worsen, Premium Valuation Faces Scrutiny Ahead of Earnings

Napatech (OB:NAPA) has seen its losses worsen over the past five years, recording an average annual increase in losses of 59.8%. The company currently trades at a Price-to-Sales Ratio of 14.8x, well above the peer average of 5.6x and the European Communications industry average of 1.3x. With no evidence of improvement in net profit margin over the last year and a challenging record on profitability, the latest numbers highlight caution for investors hoping for a turnaround. See our full...
OB:ROGS
OB:ROGSBanks

Rogaland Sparebank (OB:ROGS) Margin Expansion Reinforces Value Narrative Despite Cautious Earnings Outlook

Rogaland Sparebank (OB:ROGS) delivered a standout year, with revenue expected to grow at 2.5% per year, outpacing the Norwegian market average. Net profit margins rose to 45.7%, significantly above last year’s 32.7%, and earnings surged 64.4% over the past year compared to a five-year average of 16.8% per year. With a price-to-earnings ratio of 7.1x and shares trading at NOK138, the stock currently sits below the estimated fair value of NOK172.09, catching the eye of value-focused investors...
OB:DOFG
OB:DOFGEnergy Services

DOF Group (OB:DOFG): One-Off $101M Gain Raises Fresh Questions on Profit Quality Narratives

DOF Group (OB:DOFG) reported earnings growth of 32.2% for the recent period, behind its five-year average of 67.5% per year. Net profit margin is at 23.9%, slightly below last year’s 24.7%. The company’s bottom line benefited from a notable one-off gain of $101.0 million, which raises some questions about the underlying quality of reported profits. Looking ahead, earnings and revenue are expected to grow by 4.7% and 5.4% per year respectively, with revenue projected to outperform the broader...
OB:NORCO
OB:NORCOConstruction

Norconsult (OB:NORCO) Profit Growth Surges 92%, Reinforcing Bull Case on Margins Versus Peer Valuations

Norconsult (OB:NORCO) delivered standout growth in its latest earnings, with profits rising 92.1% year-over-year and net profit margins improving to 6.4% from last year’s 3.6%. Earnings are forecast to grow 13.1% per year, a solid figure, though below the broader Norwegian market’s 16.6% expected rate. Revenue is anticipated to rise 6.1% annually, easily outpacing the national average. These results highlight a robust trend in profitability, but investors are also weighing premium valuation...
OB:LINK
OB:LINKSoftware

LINK Mobility Group (OB:LINK) Margin Miss Challenges Growth Optimism After NOK81.3 Million Non-Recurring Loss

LINK Mobility Group Holding (OB:LINK) reported a net profit margin of 1.5%, down from 2.5% last year, as earnings continued a negative trend and were hit by a non-recurring NOK81.3 million loss. Despite the setback, analysts forecast earnings growth of 72.2% and revenue expansion of 18.1% per year, with the share price sitting at NOK29.55, well below the estimated fair value of NOK61.71, even as the price-to-earnings ratio remains significantly above industry and peer averages at 79.9x. See...
OB:MOWI
OB:MOWIFood

Mowi (OB:MOWI): Evaluating Valuation After Recent 13% Share Price Gain

Mowi (OB:MOWI) has delivered a 13% share price gain over the past 3 months, drawing fresh attention from market watchers. Investors are now considering what is driving the momentum and whether current levels reflect the company’s true potential. See our latest analysis for Mowi. After some choppiness earlier this year, Mowi’s 13% share price gain in the last three months stands out, especially as total shareholder return over the past year reached an impressive 17.6%. The momentum suggests...
OB:SALM
OB:SALMFood

Is SalMar Poised for Growth After New Aquaculture Licenses and a 12% Share Price Rise?

Wondering if SalMar could be undervalued or if you might be missing out on a hidden opportunity? You are not alone, especially with the stock’s unique position in Norway’s seafood industry. SalMar’s share price has climbed 11.6% in the last year and is up 4.0% year-to-date, which hints at investor optimism even after a brief dip of 3.0% in the last week. Behind these moves are recent headlines about regulatory changes and evolving sustainability requirements for...
OB:CADLR
OB:CADLRConstruction

Could Cadeler’s New UK Hub Reveal a Shift in Its Growth Strategy (OB:CADLR)?

Cadeler has opened a new and significantly larger UK office in Norwich, relocating its team from Great Yarmouth to better support its growing offshore wind project portfolio across the UK and Europe. This move not only reflects Cadeler's commitment to the UK renewable energy sector but also establishes Norwich as a central hub for engineering, project management, and commercial collaboration. We'll examine how Cadeler's expanded office space in Norwich could shape the company's investment...
OB:SMCRT
OB:SMCRTSoftware

SmartCraft (OB:SMCRT) Margin Decline Challenges Bullish Growth Narratives Despite Robust Outlook

SmartCraft (OB:SMCRT) delivered a 30.08% earnings growth forecast per year, with revenue expected to climb by 12% annually, both well ahead of the Norwegian market’s averages of 16.6% and 2.4%, respectively. The company’s net profit margin of 17.9% this period trails last year’s 23.6%, and while SmartCraft trades below its estimated fair value, investors may weigh these strong projections alongside a higher-than-average Price-to-Earnings Ratio of 40x. Altogether, results point to ongoing...
OB:OKEA
OB:OKEAOil and Gas

OKEA (OB:OKEA) Forecasts Profitability Despite 11.5% Revenue Decline, Challenging Bearish Narratives

OKEA (OB:OKEA) faces a mixed outlook, with revenue projected to decline at an annual rate of 11.5% over the next three years, even as earnings are forecast to grow a robust 52.4% per year and shift the company into profitability. Losses have deepened by 10.4% per year over the past five years and no margin improvement has yet materialized, but analysts now anticipate a transition into the black within three years, outpacing the broader market’s recovery pace. See our full analysis for...
OB:CLOUD
OB:CLOUDRenewable Energy

Cloudberry Clean Energy (OB:CLOUD): One-Off Gain Challenges View on Sustained Profit Quality

Cloudberry Clean Energy (OB:CLOUD) has crossed into profitability, posting earnings growth of 24.2% per year over the past five years. Looking forward, both revenue and earnings are forecast to soar, with revenue seen climbing 23.3% per year and earnings by 32.3% per year, significantly ahead of the Norwegian market average. While underlying profit and revenue trends appear positive, it is worth noting that the latest results included a substantial one-off gain of NOK 118.0 million, which may...