OB:KOG
OB:KOGAerospace & Defense

Kongsberg Gruppen (OB:KOG) Margin Expansion to 12.6% Reinforces Bullish Profitability Narratives

Kongsberg Gruppen (OB:KOG) delivered a net profit margin of 12.6%, an improvement from last year’s 10%, while earnings grew a robust 48.9% in the most recent year and have compounded at 31.6% annually over the past five years. Revenue is forecast to rise by 11.7% per year, significantly faster than the broader Norwegian market’s 2.3%, and earnings are expected to increase by 9.85% per year. With both profit margins and earnings quality described as high, investors have additional reason to...
OB:BRG
OB:BRGChemicals

How Investors May Respond To Borregaard (OB:BRG) Q3 Sales and Profit Decline Despite Nine-Month Resilience

Borregaard ASA recently announced its third-quarter and nine-month 2025 earnings, reporting quarterly sales of NOK 1,799 million and net income of NOK 195 million, both down compared to the previous year, while nine-month net income edged higher to NOK 701 million. While the nine-month results indicate resilient performance year-to-date, the decrease in third-quarter sales and profits highlights some recent pressures on Borregaard's operations. We'll now examine what the latest quarterly...
OB:NORBT
OB:NORBTElectronic

A Look at Norbit’s (OB:NORBT) Valuation After Securing Two Major Defence Contracts

Norbit (OB:NORBT) just landed a sizeable NOK 120 million contract manufacturing order for its segment PIR. The contract was secured from an undisclosed European client in the defence and security sector. Deliveries are planned for late 2025 and early 2026. See our latest analysis for Norbit. This latest contract builds on Norbit’s strong run this year and has caught investor interest after a prior NOK 100 million order was announced for early 2026 deliveries. The share price has surged,...
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:SOMA
OB:SOMAEnergy Services

Solstad Maritime (OB:SOMA) Net Margin Surge Challenges Quality of Earnings Narratives

Solstad Maritime (OB:SOMA) posted robust revenue and earnings growth, with revenue expected to climb 5.7% per year, well ahead of the Norwegian market’s 2.3%. EPS is on a stronger trajectory, with forecast growth of 18.8% annually, and a stellar net profit margin of 48.5%, up from 28.9% a year ago. Notably, earnings got a further boost from a one-off gain of $50.6 million, accelerating annual profit growth to 93.4% in the most recent year. Shares are trading at just 3.1x earnings, far below...
OB:AKAST
OB:AKASTEnergy Services

Akastor (OB:AKAST) Losses Narrow 57.7% Annually Despite Expected 1.9% Revenue Decline

Akastor (OB:AKAST) remains unprofitable, with revenues expected to decline by 1.9% per year over the next three years. Despite there being no signs of margin improvement or high-quality earnings recently, the company has managed to reduce its losses at an annual rate of 57.7% over the past five years. However, with its shares trading at 8.8x price-to-sales, which is well above the Norwegian energy services industry average of 0.8x, and a current share price of NOK11.12 sitting considerably...
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:NONG
OB:NONGBanks

SpareBank 1 Nord-Norge (OB:NONG): Assessing Valuation After Q3 Results Show Record Retail Growth, Lower Profit

SpareBank 1 Nord-Norge (OB:NONG) just released its third quarter results, drawing attention for record-high retail growth and steady corporate gains despite industry challenges. Investors are weighing the impact of lower profit as well as the continued commitment to dividends. See our latest analysis for SpareBank 1 Nord-Norge. SpareBank 1 Nord-Norge’s recent third quarter results come after a year marked by record retail growth and ongoing commitment to dividends, with the latest share price...
OB:PROT
OB:PROTInsurance

What Protector Forsikring (OB:PROT)'s NOK 350m Tier 1 Bond and Dividend Reveal About Capital Strength

Protector Forsikring ASA has recently completed a NOK 350 million Solvency II compliant Perpetual Restricted Tier 1 bond issue, announced a NOK 3.00 per share cash dividend, and reported third quarter results with net income of NOK 459 million for the period ended September 30, 2025. These actions highlight the company’s focus on strengthening its capital position while continuing to return value to shareholders, reflecting both financial discipline and management confidence. We'll examine...
OB:ELO
OB:ELOPackaging

How Elopak’s (OB:ELO) Improved Net Income Amid Softer Sales Could Shape Future Margins

Elopak ASA recently reported third quarter 2025 earnings, recording sales of €289.65 million and net income of €18.14 million, compared to sales of €292.8 million and net income of €15.17 million a year earlier. While sales saw a slight year-on-year decrease, the improvement in quarterly net income and basic earnings per share highlights operational efficiencies despite challenging market conditions. We'll explore how improved net income despite softer sales impacts Elopak's broader...
OB:SCATC
OB:SCATCRenewable Energy

Scatec (OB:SCATC) Earnings Surge 688% on One-Off Gain, Challenging Bullish Growth Narratives

Scatec (OB:SCATC) posted headline earnings growth of 687.8% over the last twelve months, far surpassing its five-year average of 65.8% per year. Net profit margins jumped to 63.4%, powered in part by a NOK2.0 billion one-off gain, while revenue is forecast to climb 30.5% annually and earnings by 54% per year. The combination of rapid profit growth and a Price-To-Earnings Ratio of 6.8x, well below industry peers, sets up a compelling value story, even as some investors question the...
OB:VEND
OB:VENDInteractive Media and Services

Why Vend Marketplaces (OB:VEND) Is Up 5.4% After Q3 EBITDA Surge and Marketplace Shift

Vend Marketplaces ASA recently reported its third quarter 2025 results, highlighting a 24% increase in EBITDA to NOK 642 million, despite a 1% year-on-year decrease in revenue and significant swings in net income and earnings per share compared to the previous year. The company has accelerated its transition to a pure-play marketplace model, including cost management actions, a dual-class share structure collapse, and the launch of a NOK 2 billion share buyback program. We'll explore how the...
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:ELK
OB:ELKChemicals

How Elkem’s New Medical Silicone Launch Amid Lower Q3 Profits Has Changed Its Investment Story (OB:ELK)

Earlier in October 2025, Elkem ASA reported third quarter earnings showing reduced revenue and net income, and announced the launch of SILBIONE™ LSR Select EC 70, a new medical-grade liquid silicone rubber designed for healthcare and wearable tech devices. By combining high electrical conductivity and certified biocompatibility with advanced process control, Elkem is targeting precision healthcare applications and new markets, even as it faces challenging conditions in its ferrosilicon...
OB:TEL
OB:TELTelecom

Telenor (OB:TEL) Valuation: What the Latest 9% Share Price Dip Means for Investors

Telenor (OB:TEL) shares have pulled back this month, with the stock slipping about 9% over the past four weeks. Investors are weighing recent performance alongside the company’s modest annual revenue and net income growth. See our latest analysis for Telenor. Zooming out, Telenor’s 1-year total shareholder return of 16.2% reflects solid longer-term momentum despite the recent 30-day share price dip of 9.4%. After a strong start to the year, the latest pullback suggests investors are...
OB:SPOL
OB:SPOLBanks

SpareBank 1 Østlandet (OB:SPOL) Valuation in Focus After Q3 Results Highlight Earnings Strength and Growth Initiatives

SpareBank 1 Østlandet (OB:SPOL) just released its third quarter 2025 earnings, drawing attention to a return on equity above its long-term target and notable progress in the retail banking market. Investors are watching these results closely. See our latest analysis for SpareBank 1 Østlandet. Despite some short-term volatility, SpareBank 1 Østlandet’s share price has gained momentum in 2025, showing a year-to-date price return of 15.4%. More impressively, the one-year total shareholder return...
OB:TGS
OB:TGSEnergy Services

New Gulf of America Contract and Strong Results Could Be a Game Changer for TGS (OB:TGS)

TGS ASA recently reported third quarter 2025 results, announcing net income of US$62 million on sales of US$424.4 million, and confirmed a quarterly dividend of NOK1.56 per share payable on November 13, 2025, following prior shareholder approval. In addition, TGS received an OBN acquisition contract for a 4D monitor survey in the Gulf of America, a deal not previously included in its contracted backlog, highlighting ongoing project momentum. To assess the impact on TGS's investment outlook,...
OB:NOD
OB:NODSemiconductor

Nordic Semiconductor (OB:NOD) Turns Profitable, Challenging Valuation Narratives with Robust Earnings Growth

Nordic Semiconductor (OB:NOD) is forecast to grow revenue by 12.2% a year, outpacing the Norwegian market’s 2.8% rate. EPS is projected to surge 49.1% annually compared to a 14.2% market average. With the company recently turning profitable and achieving positive net profit margins, this marks a decisive turnaround after earnings had declined 35.7% per year over the last five years. Investors will likely see the combination of fresh profitability and a robust earnings growth outlook as the...
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...