OB:NAS
OB:NASAirlines

Strong Q3 Results and Insider Purchases Might Change The Case For Investing In Norwegian Air Shuttle (OB:NAS)

Norwegian Air Shuttle ASA recently reported third-quarter 2025 earnings, revealing revenue of NOK 12,252 million and net income of NOK 2,549 million, both higher than the same period last year. In addition, several board members, including Daniel Skjeldam, have purchased shares in the company, which is often seen as a sign of confidence in its prospects. Given these insider share purchases, let’s explore how this may influence Norwegian Air Shuttle’s investment narrative and future...
OB:TEL
OB:TELTelecom

Do Telenor’s (OB:TEL) Asian Challenges Signal a Shift in Its Growth Strategy?

Telenor ASA recently reported third-quarter 2025 results, revealing sales of NOK 20,304 million and basic earnings per share from continuing operations of NOK 2.21, while guiding for 2–3% organic growth in Nordic service revenues for the full year 2025. While the Nordic region delivered steady growth, management highlighted headwinds in Asia, including foreign exchange challenges and spectrum-related costs, as well as a key regulatory step in the sale of Telenor Pakistan. We'll examine how...
OB:EQNR
OB:EQNROil and Gas

Will Higher Production and a Net Loss Shift Equinor's (OB:EQNR) Investment Narrative?

Equinor ASA recently released its third quarter 2025 financial results, reporting higher sales, revenue, and energy production alongside a net loss of US$210 million compared to net income in the prior year period. Additionally, Equinor's Board announced that Tone H. Bachke will step down to focus on her executive role as CFO at SHV Holding N.V., effective October 31, 2025. We'll now examine how Equinor's increased production, yet quarterly net loss, affects its investment narrative moving...
OB:DOFG
OB:DOFGEnergy Services

A Fresh Look at DOF Group (OB:DOFG) Valuation After Securing New Guyana Vessel Contracts

DOF Group (OB:DOFG) has extended the contracts for its Skandi Nomad and Skandi Constructor vessels in Guyana, securing operational revenue until late 2026 and mid 2027. This development may interest investors evaluating the stock's future stability and cash flow. See our latest analysis for DOF Group. Following the news of contract extensions in Guyana, DOF Group’s 1-year total shareholder return stands at 10.57%, outpacing its year-to-date share price return of 4%. While the latest updates...
OB:STB
OB:STBInsurance

Assessing Storebrand (OB:STB) Valuation After Strong Q3 Profit and EPS Growth

Storebrand (OB:STB) caught investor attention after reporting third quarter net income of NOK 1,330 million, up from NOK 1,111 million last year. Earnings per share also saw a year-over-year improvement. See our latest analysis for Storebrand. Following its upbeat quarterly report, Storebrand’s share price momentum has gathered pace, with a 5.9% gain over the past three months and an impressive year-to-date share price return of 29.2%. Investors looking at the longer horizon will note the...
OB:NORBT
OB:NORBTElectronic

Does New NOK 120 Million Defence Order Shift the Growth Narrative for Norbit (OB:NORBT)?

Norbit recently announced that its PIR segment has secured a NOK 120 million contract manufacturing order from a European client in the defence and security sector, with deliveries expected in late 2025 and early 2026, following a prior NOK 100 million award targeting early 2026. This series of defence-oriented contracts underscores Norbit's growing footprint in high-value manufacturing partnerships within sensitive European security markets, reflecting increased traction for its PIR...
OB:SPOL
OB:SPOLBanks

How Stronger-Than-Expected ROE at SpareBank 1 Østlandet (OB:SPOL) Has Changed Its Investment Story

SpareBank 1 Østlandet recently reported third quarter 2025 earnings, with net interest income of NOK 1.19 billion and a return on equity of 13.5%, exceeding its long-term target. Despite a decrease in quarterly net income, the bank maintained robust performance in retail lending and announced plans to improve operational efficiency heading into its upcoming strategy period. We’ll examine how SpareBank 1 Østlandet’s stronger-than-expected return on equity impacts its investment outlook and...
OB:NONG
OB:NONGBanks

How Do Dividends and Retail Growth Shape SpareBank 1 Nord-Norge’s (OB:NONG) Investment Outlook?

SpareBank 1 Nord-Norge reported third quarter 2025 earnings with net interest income of NOK 1,017 million and net income of NOK 893 million, compared to NOK 1,028 million and NOK 1,335 million respectively in the prior year. Despite a year-over-year decline in quarterly net income, management highlighted record-high retail market growth and strong profit before tax, emphasizing capital discipline and intentions to pay out at least 50 percent of profits as dividends. Let's explore how...
OB:HAUTO
OB:HAUTOShipping

Höegh Autoliners (OB:HAUTO): Assessing Valuation After Mixed Q3 Earnings and Nine-Month Results

Höegh Autoliners (OB:HAUTO) just released its third quarter and nine-month earnings, showing higher sales but a dip in net income compared to last year. Investors are now weighing what this mixed performance means for the stock. See our latest analysis for Höegh Autoliners. Höegh Autoliners’ latest financial update sparked some turbulence in the market, with the share price dropping nearly 18% over the past month. However, the company’s 12.6% total shareholder return over the last year, along...
OB:DVD
OB:DVDEnergy Services

Deep Value Driller (OB:DVD) Margins Improve, Challenging Bearish Growth Narratives

Deep Value Driller (OB:DVD) posted net profit margins of 44.8%, climbing from last year’s 35.5%, while annual earnings growth landed at 39.1%. This is a solid result, though it trails the five-year average of 71.3%. The company is now trading at a P/E ratio of 6.7x, which is below the peer group’s 8.1x average, but commands a slight premium to the wider Norwegian Energy Services sector at 6.1x. With healthy profitability and upbeat value metrics, DVD’s results catch the eye, even as headwinds...
OB:NOD
OB:NODSemiconductor

Nordic Semiconductor (OB:NOD): Valuation Insights Following Q3 Earnings and Strategic Updates

Nordic Semiconductor (OB:NOD) shares took a dip after the company released its third-quarter earnings. The report showed revenue growth, but EBITDA fell short of expectations, in part due to higher payroll and acquisition costs. See our latest analysis for Nordic Semiconductor. After a strong run in recent months, Nordic Semiconductor’s share price dropped sharply following the earnings miss, declining 10.15% over the past week and finishing at NOK 147.0. Even with this pullback, the stock...
OB:KIT
OB:KITElectronic

Is Kitron's €100 Million Defence Win and Upgraded Outlook Altering the Investment Case for Kitron (OB:KIT)?

Kitron recently reported strong third-quarter and nine-month earnings, raised its full-year revenue and operating profit guidance, and secured a €100 million order from a Defence/Aerospace client, with deliveries scheduled through 2026. This combination of robust financial results, an improved outlook, and substantial new business reflects growing demand in Kitron’s Defence/Aerospace segment and signals increased market confidence. To understand the impact of this sizeable Defence/Aerospace...
OB:VENDA
OB:VENDAInteractive Media and Services

Does Earnings Miss and Index Removal Change the Bull Case for Vend Marketplaces (OB:VENDA)?

Vend Marketplaces ASA recently reported third quarter 2025 earnings, revealing a swing from a net income of NOK 5.10 billion a year ago to a net loss of NOK 651 million, alongside its removal from several major global indices including the FTSE All-World and S&P Global BMI. In the same period, the company also implemented significant corporate changes by collapsing its dual share class structure through amendments to its articles of association. We’ll explore how the earnings disappointment...
OB:YAR
OB:YARChemicals

Yara International (OB:YAR): Assessing Valuation After Recent Share Price Gains and Pullback

Yara International (OB:YAR) stock has attracted attention lately, as investors weigh recent price movements and longer-term trends. With solid year-to-date gains and a mild pullback over the past month, many are watching for the next catalyst. See our latest analysis for Yara International. Yara International’s steady share price climb this year, with a 21.1% year-to-date gain, signals that momentum is building even as last week's mild pullback caught some traders off guard. Looking at the...
OB:NAS
OB:NASAirlines

A Look at Norwegian Air Shuttle (OB:NAS) Valuation Following Strong Revenue and Profit Growth

Norwegian Air Shuttle (OB:NAS) just delivered its latest earnings results, showing jumps in both revenue and net income for the third quarter and year-to-date compared to last year. Investors are taking note of this operational momentum. See our latest analysis for Norwegian Air Shuttle. Norwegian Air Shuttle’s strong earnings have fueled optimism, with the share price up 38.2% year-to-date and a substantial 57.3% total shareholder return over the past year. This momentum suggests investors...
OB:HAUTO
OB:HAUTOShipping

Höegh Autoliners (OB:HAUTO): Deep Discount to Fair Value Challenges Bearish Margin Narrative

Höegh Autoliners (OB:HAUTO) is facing a challenging outlook, with revenue projected to fall by 3.1% each year and earnings anticipated to decrease sharply by 35.4% per year over the next three years. While net profit margins remain high at 43.5%, only a slight dip from last year’s 44.7%, the company’s shares currently trade at a notable discount to estimated fair value. The price-to-earnings ratio of 2.8x also stands out as well below peer and industry averages. For investors, the mix of...
OB:EQNR
OB:EQNROil and Gas

Equinor (OB:EQNR) Net Profit Margin Drops to 5.3%, Reinforcing Cautious Valuation Narratives

Equinor (OB:EQNR) reported earnings that tell a mixed story for investors. Revenue is forecast to decline by 4.7% per year over the next three years, while EPS is expected to grow at a rate of 5.53% annually. Notably, the company’s net profit margin has compressed to 5.3% from 9% last year, reflecting a challenging recent period after negative earnings growth over the past year. However, looking further back, average annual earnings growth reached 16.8% over the past five years, and Equinor...
OB:KOG
OB:KOGAerospace & Defense

Why Kongsberg Gruppen (OB:KOG) Jumped After Splitting Into Two Companies Amid Strong Q3 Results

Kongsberg Gruppen recently reported third quarter results, posting sales of NOK13.3 billion and net income of NOK1.7 billion, alongside an announcement to split into two focused and independent companies pursuing global growth. This combination of robust financial results and significant organizational restructuring suggests a major inflection point for the company's operational direction and market positioning. We'll explore how Kongsberg Gruppen's decision to separate into two companies...
OB:SMOP
OB:SMOPCommunications

Smartoptics Group (OB:SMOP) Margin Pressure Challenges Bullish Growth Narrative Despite Strong Profit Outlook

Smartoptics Group (OB:SMOP) reported forecast revenue growth of 20.2% per year, far outpacing the broader Norwegian market’s 2.8% annual rate. EPS is expected to climb rapidly as well, with profit forecasts projecting a substantial 59.8% gain per year over the next three years. This is well ahead of the Norwegian market’s 14.2% expectation. While SMOP has posted strong annual earnings growth of 6.9% over the past five years, net profit margins have tightened to 5.3% from last year’s 7.3%,...
OB:VAR
OB:VAROil and Gas

Assessing Vår Energi (OB:VAR) Valuation After Q3 Results, Production Guidance and Dividend Update

Vår Energi (OB:VAR) just released its third quarter and nine-month 2025 results, reporting increased revenues compared to last year and confirming its production and dividend outlook for the coming year. Investors are watching these updates closely. See our latest analysis for Vår Energi. After a challenging start to the year, shares of Vår Energi have shown some resilience, closing at NOK 33.9 and trimming earlier losses with a modest 30-day share price return of 1.8%. While the year-to-date...