OB:GJF
OB:GJFInsurance

Nine-Month Earnings Growth: Does Gjensidige (OB:GJF) Have Momentum to Sustain Its Performance?

Gjensidige Forsikring ASA recently reported its third quarter and nine-month earnings for the period ended September 30, 2025, revealing quarterly net income of NOK 1.60 billion and nine-month net income of NOK 5.24 billion. While quarterly earnings were slightly lower year-over-year, the company's nine-month results showed significant year-on-year growth in both net income and earnings per share, reflecting improved overall performance despite a softer quarter. We'll explore how...
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:HELG
OB:HELGBanks

Undiscovered European Gems with Strong Potential This October 2025

As European markets continue to show resilience, with the pan-European STOXX Europe 600 Index climbing 1.68% and major indices like Germany's DAX and the UK's FTSE 100 posting gains, investors are increasingly eyeing opportunities in small-cap stocks that could benefit from this positive momentum. In such an environment, identifying stocks with strong fundamentals and growth potential can be crucial for those looking to capitalize on Europe's dynamic economic landscape.
OB:STB
OB:STBInsurance

What Storebrand (OB:STB)'s Resolved Fund Suspension and Q3 Results Mean for Shareholders

In October 2025, Storebrand ASA reported third-quarter net income of NOK 1.33 billion, up from NOK 1.11 billion a year earlier, and basic earnings per share of NOK 3.09, compared to NOK 2.53 the previous year. However, net income for the first nine months was NOK 3.52 billion, down from NOK 4.18 billion a year ago, following a temporary trading suspension of several funds on Nasdaq Copenhagen due to technical NAV calculation issues, which was subsequently resolved. The recent technical...
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...
OB:PHO
OB:PHOPharmaceuticals

Photocure (OB:PHO): Revenue Forecast to Grow 14.5% Annually Ahead of Profitability Turnaround

Photocure (OB:PHO) remains unprofitable but has managed to reduce its losses at an annual rate of 12.8% over the last five years. Backed by forecasts calling for 103.28% annual EPS growth and 14.5% annual revenue growth, which compares to the Norwegian market’s 2.8%, investors have reason to watch closely as the company is anticipated to turn profitable within three years. With a price-to-sales ratio of 2.8x, lower than both its peer average of 6.5x and the European Pharmaceuticals industry...
OB:AKRBP
OB:AKRBPOil and Gas

Aker BP (OB:AKRBP) Valuation in Focus After $1 Billion Notes Offering and Earnings Update

Aker BP (OB:AKRBP) has priced a $1 billion senior notes offering at a 5.25% coupon. The company aims to boost its balance sheet and provide flexibility for general corporate needs. This move comes alongside fresh quarterly results and updated production guidance. See our latest analysis for Aker BP. Between the upbeat Q3 earnings report, a higher production outlook, and fresh capital on hand, Aker BP has drawn more investor attention lately. The stock is showing clear momentum, with a 12.8%...
OB:NEL
OB:NELElectrical

Nel (OB:NEL): Revenue Forecast to Grow 14.9% Annually, Unprofitability Persists Ahead of Earnings

Nel (OB:NEL) remains unprofitable, with losses increasing at an annual rate of 17.3% over the last five years and no visible improvement in net profit margin. Revenue, however, is forecast to grow by 14.9% per year, significantly ahead of the Norwegian market's 2.8% pace. Shares have struggled for direction recently, with the stock price showing little stability over the past three months as investors weigh strong projected revenue growth against ongoing losses and a relatively high...
OB:ATEA
OB:ATEAIT

European Growth Stocks With Up To 33% Insider Ownership

As European markets experience a notable upswing, with the STOXX Europe 600 Index climbing 1.68% and major indices across Germany, Italy, France, and the UK showing positive momentum, investors are increasingly focused on growth opportunities within this vibrant economic landscape. In such an environment, companies that exhibit strong insider ownership often stand out as attractive prospects due to their potential for aligned interests between management and shareholders.
OB:SB1NO
OB:SB1NOBanks

SpareBank 1 Sør-Norge (OB:SB1NO) Earnings Growth Outpaces 5-Year Trend, Tests Bullish Narratives

SpareBank 1 Sør-Norge (OB:SB1NO) posted a 25.9% surge in earnings over the past year, beating its five-year average of 23.1% per year. Net profit margins have narrowed to 46.7% from last year's 49%, while forecasts call for earnings to grow at 4.63% annually, trailing the Norwegian market’s anticipated 14.2% per year. Despite these historical gains, the bank’s premium valuation multiples and slower growth outlook influence how investors are viewing the current results. See our full analysis...
OB:BNOR
OB:BNOROil and Gas

BlueNord (OB:BNOR): Discount to Fair Value Draws Focus as Profitability Targeted Despite Revenue Decline

BlueNord (OB:BNOR) continues to report negative net profit margins, but over the past five years, the company has narrowed its losses at a rate of 8.1% per year. Looking ahead, forecasts suggest revenue will decline by 0.5% each year for the next three years, with an expectation that profitability will finally be reached within that time frame, which is quicker than the market average. See our full analysis for BlueNord. The next section compares these headline results to the key narratives...
OB:PROT
OB:PROTInsurance

Protector Forsikring (OB:PROT): Assessing Valuation Following Q3 Results and New Dividend Announcement

Protector Forsikring (OB:PROT) has just released its third quarter and year-to-date financial results, along with news of an upcoming dividend payout. Both updates give investors plenty to consider as the company marks important milestones this autumn. See our latest analysis for Protector Forsikring. This steady stream of positive news has caught the market’s attention. Protector Forsikring’s share price has surged 57% year-to-date, and its total shareholder return has reached an impressive...
OB:EPR
OB:EPRMultiline Retail

Will Europris' (OB:EPR) Relentless Store Expansion Test the Limits of Its Discount Retail Model?

Europris recently opened its seventh new store of 2025 at Tveita centre in Oslo, increasing its network to 288 locations across Norway and maintaining a strong pipeline of future openings. The company further strengthened its position in the Scandinavian discount retail market by taking full ownership of the Swedish retailer OoB in May 2024, bringing its total Swedish store count to 92. Given Europris' continued emphasis on expanding physical stores, we will explore how this approach could...
OB:MING
OB:MINGBanks

SpareBank 1 SMN (OB:MING) Margins Edge Higher, Underscoring Profit Consistency Against Slower Growth Narratives

SpareBank 1 SMN (OB:MING) posted robust results for the period, with net profit margins edging up to 34.4% from 33.5% a year ago. Over the past five years, earnings have grown at a healthy 19.8% per year, though most recent annual earnings growth eased to 3.9%. Investors will find it notable that the shares are priced attractively, with a PE ratio of 8.6x, which is well below both the sector average and the company is trading under its estimated fair value at NOK 188.76. Looking ahead,...
OB:ACR
OB:ACRConsumer Finance

Axactor (OB:ACR): Five-Year Losses Deepen Despite Revenue Growth, Challenging Bullish Outlook

Axactor (OB:ACR) reported that losses have accelerated over the last five years, growing at an average annual rate of 19.7%. However, revenue is forecast to expand by 16.7% per year, a pace that stands out against the broader Norwegian market's 2.8% annual growth. The company's Price-To-Sales Ratio of 1.3x remains below key industry benchmarks. Investors will notice that despite sales momentum, persistent negative profitability and shares trading above the estimated fair value (NOK7.1 vs...
OB:PUBLI
OB:PUBLIReal Estate

Public Property Invest (OB:PUBLI): One-Off Gain Clouds Profit Quality Despite Strong Revenue Outlook

Public Property Invest (OB:PUBLI) reported annual revenue growth forecasts of 17.7%, outpacing the Norwegian market’s 2.8% benchmark. The company became profitable for the first time this year, backed by a five-year annualized profit increase of 47.8%. However, this year’s NOK503 million one-off gain significantly boosted results, making it tough to judge the underlying strength of earnings. With profitability now forecast to drop 3.9% per year over the next three years, investors face a...
OB:EQNR
OB:EQNROil and Gas

Equinor (OB:EQNR) Valuation: Is There Still Upside After Recent Share Price Decline?

Equinor (OB:EQNR) shares have shown some movement lately. Investors are weighing the recent trends against the company’s fundamentals. Over the past month, the stock price has slipped 3%, continuing a year-to-date decline. See our latest analysis for Equinor. Equinor’s share price has gradually softened this year, reflecting cautious sentiment among investors following the recent 3% dip and a year-to-date decline of 13.1%. While the 12-month total shareholder return is down just 2.2%, the...
OB:NOD
OB:NODSemiconductor

Nordic Semiconductor (OB:NOD) Slides 5.5% After Sales Rise but Quarterly Profits Narrow Sharply

Nordic Semiconductor ASA announced its third quarter 2025 earnings, reporting sales of US$178.97 million with net income of US$0.85 million, alongside nine-month sales of US$498.11 million and a return to profit compared to a loss in the same period last year. While quarterly revenue grew compared to a year ago, the company saw a significant reduction in net income for the quarter, offering mixed signals about underlying profitability trends. We will explore how the company's strong top-line...
OB:ELO
OB:ELOPackaging

Elopak (OB:ELO) Margin Decline Reinforces Investor Concerns Despite Strong Growth Forecasts

Elopak (OB:ELO) reported revenue growth that is forecast to reach 6.2% per year, outpacing the broader Norwegian market’s 2% growth rate. Despite facing a decline in profit margin from 5.7% to 4.4% over the past year and negative earnings growth for the latest period, the company’s long-term track record shows average annual earnings growth of 14.5% over the last five years. Earnings are expected to grow 17.4% annually moving forward. Investors face a mixed picture as management points to...
OB:NONG
OB:NONGBanks

SpareBank 1 Nord-Norge (OB:NONG) Net Profit Margin Doubles, Reinforcing Bullish Value Narrative

SpareBank 1 Nord-Norge (OB:NONG) delivered a net profit margin of 46.4%, a significant increase from last year’s 25.1%, and posted an 88.7% surge in earnings growth over the past year. EPS performance stands out against the backdrop of a Price-To-Earnings Ratio of 4.7x, which is well below both the Norwegian banks industry average of 10.8x and the peer average of 9.3x. The current share price of NOK140.78 is trading at a discount to the estimated fair value of NOK244.23. For investors, these...