Norwegian Industrials Stock News

OB:BWE
OB:BWEOil and Gas

BW Energy (OB:BWE) Valuation Check After Record Production And Project Progress

BW Energy (OB:BWE) is back in focus after reporting fourth quarter and full year 2025 results, combining record annual production with disciplined costs, softer quarterly earnings and progress on key projects and financing. See our latest analysis for BW Energy. The earnings update appears to have cooled short term enthusiasm, with the 7 day share price return of 4.44% and year to date share price return of 8.88%. However, a 1 year total shareholder return of 72.8% still signals that longer...
OB:AKSO
OB:AKSOEnergy Services

Aker Solutions (OB:AKSO) Margin Compression Reinforces Bearish Community Narrative

Aker Solutions (OB:AKSO) has wrapped up FY 2025 with fourth quarter revenue of NOK16.7b and Basic EPS of NOK1.45, alongside net income excluding extra items of NOK699m, putting concrete numbers around a year where margins have been under pressure and forecasts point to softer top and bottom line ahead. The company has seen quarterly revenue move from NOK15.5b in Q4 2024 to NOK16.7b in Q4 2025, while Basic EPS shifted from NOK1.37 to NOK1.45 over the same period. On a trailing basis it...
OB:TEL
OB:TELTelecom

Telenor (OB:TEL) Margin Compression Reinforces Bearish Narratives Despite Stable Revenue In Q4

Telenor (OB:TEL) closed out FY 2025 with fourth quarter revenue of NOK19.8b and basic EPS of NOK1.84, while trailing twelve month EPS stood at NOK7.96. Over recent periods, revenue has moved between NOK19.7b and NOK20.3b per quarter and quarterly EPS has ranged from NOK1.75 to NOK2.60, giving investors a clear view of how the top line and EPS have tracked through the year. With net profit margins coming in weaker than the prior year and past earnings trends under pressure, this set of results...
OB:KOG
OB:KOGAerospace & Defense

Kongsberg Gruppen (OB:KOG) Net Margin Improvement Tests Bullish Growth Narratives

Kongsberg Gruppen (OB:KOG) has just posted its FY 2025 numbers, with Q4 revenue of NOK9.6b, basic EPS of NOK1.97 and earnings from discontinued operations of NOK620m setting the tone for the latest update. The company has seen quarterly revenue move from NOK13.9b and EPS of NOK1.65 in Q4 2024, to NOK13.6b and NOK2.58 in Q1 2025, NOK13.7b and NOK1.85 in Q2, NOK13.3b and NOK1.93 in Q3, and finally NOK9.6b and NOK1.97 in Q4 2025. This provides investors with a broad set of data points to assess...
OB:EQNR
OB:EQNROil and Gas

Assessing Equinor (OB:EQNR) Valuation After Earnings Beat, Higher Dividend And 2026 Buyback Plan

Q4 earnings beat, higher dividend and new buyback put Equinor in focus Equinor (OB:EQNR) just combined an earnings beat with a higher cash dividend and a US$1.5b share buyback plan for 2026, putting the stock firmly back on many investors’ radar. The company reported adjusted earnings per share of US$0.81 for the fourth quarter, above estimates of US$0.64, supported by increased oil and gas production, especially on the Norwegian Continental Shelf. See our latest analysis for Equinor. The Q4...
OB:DNO
OB:DNOOil and Gas

Assessing DNO (OB:DNO) Valuation After Higher 2025 Revenues Sval Energi Deal And New Dividend

DNO (OB:DNO) is back in focus after reporting 2025 results with revenues of US$1,474 million and a net loss of US$25.2 million, and has also approved a NOK 0.375 per share dividend. See our latest analysis for DNO. Despite a 2.10% one day share price decline and a 5.01% seven day share price pullback to NOK15.37, DNO still shows positive momentum with a 30 day share price return of 1.45%. Its 1 year total shareholder return of 36.59% and 5 year total shareholder return of 187.71% highlight...
OB:SUBC
OB:SUBCEnergy Services

A Look At Subsea 7 (OB:SUBC) Valuation After The New Shell Kaikias Waterflood Contract

Subsea 7 (OB:SUBC) has drawn fresh attention after securing a sizeable contract from Shell for the Kaikias Waterflood project in the deepwater Mars Ursa Basin off the Louisiana coast. See our latest analysis for Subsea 7. The Kaikias Waterflood award comes at a time when Subsea 7’s share price has gathered momentum, with a 30 day share price return of 15.78% and a 90 day share price return of 33.63%, contributing to a 1 year total shareholder return of 41.36% and a 5 year total shareholder...
OB:AKSO
OB:AKSOEnergy Services

A Look At Aker Solutions (OB:AKSO) Valuation After Results, Higher Dividend And New Revenue Guidance

Aker Solutions (OB:AKSO) is back in focus after the board proposed a NOK 3.60 per share dividend for 2025, alongside fresh 2026 revenue guidance and its latest quarterly and full year earnings. See our latest analysis for Aker Solutions. The NOK 38.0 share price reaction, with a 1 day share price return of 9.2% and 30 day share price return of 23%, suggests investors are responding positively to the dividend proposal, fresh 2026 revenue guidance and the recent earnings update. At the same...
OB:KOG
OB:KOGAerospace & Defense

Kongsberg Gruppen (OB:KOG) Valuation Check After NOK 16b Polish CUAS Contract Win

Kongsberg Gruppen (OB:KOG) has drawn fresh investor attention after securing a NOK 16b contract with the Polish Armaments Agency for 18 Counter Unmanned Aerial Systems batteries based on its PROTECTOR weapon systems. See our latest analysis for Kongsberg Gruppen. The NOK371.5 share price has moved sharply, with a 15.6% 1 day share price return and a 30.3% 30 day share price return. The 1 year total shareholder return of 55.8% and very large 5 year total shareholder return suggest strong,...
OB:NOD
OB:NODSemiconductor

Nordic Semiconductor (OB:NOD) Return To Profitability Challenges Long Term Earnings Decline Narrative

Nordic Semiconductor (OB:NOD) closed out FY 2025 with Q4 revenue of US$169.5 million and basic EPS of US$0.02, alongside full year trailing twelve month revenue of US$667.6 million and basic EPS of US$0.08 that mark a return to profitability over the past year. The company has seen quarterly revenue move from US$150.2 million and a basic EPS loss of US$0.02 in Q4 2024 to US$169.5 million and EPS of US$0.02 profit in Q4 2025. Over the same period, trailing twelve month revenue shifted from...
OB:VEND
OB:VENDInteractive Media and Services

Vend Marketplaces (OB:VEND) FY 2025 Losses Challenge Bullish Profitability Narrative

Vend Marketplaces (OB:VEND) has just wrapped up FY 2025 with Q4 total revenue of NOK 1.5b and a basic EPS loss of NOK 12.07, while trailing 12 month figures show revenue of NOK 6.3b and a basic EPS loss of NOK 3.14. Over recent quarters, total revenue has ranged from NOK 1.5b to NOK 1.7b per period, with basic EPS swinging between a loss of NOK 10.09 and a profit of NOK 21.75, underscoring how volatile earnings have been even as the business stays loss making on a trailing basis. For...
OB:BWE
OB:BWEOil and Gas

BW Energy Q4 Profit Slump To US$3.3m Tests Bullish Earnings Growth Narratives

BW Energy (OB:BWE) FY 2025 earnings snapshot BW Energy (OB:BWE) has wrapped up FY 2025 with fourth quarter revenue of US$123.8 million and net income of US$3.3 million, giving investors a fresh read on how its production and pricing have flowed through to the bottom line. The company has seen quarterly revenue move from US$230.9 million in Q4 2024 to US$282.8 million in Q1 2025, US$182.4 million in Q2 2025 and US$199.6 million in Q3 2025. This has been accompanied by basic EPS of US$0.22 in...
OB:BRG
OB:BRGChemicals

Borregaard (OB:BRG) Q4 EPS Loss Challenges Bullish Earnings Growth Narratives

Borregaard (OB:BRG) has wrapped up FY 2025 with Q4 revenue of NOK 1,833 million, basic EPS of NOK 0.81 loss and net income of NOK 81 million loss. On a trailing twelve month basis it has generated NOK 7.7 billion in revenue, basic EPS of NOK 6.22 and net income of NOK 620 million. The company has seen quarterly revenue move from NOK 1,744 million in Q4 2024 to NOK 2,045 million in Q2 2025 before landing at NOK 1,833 million in Q4 2025, with EPS shifting from NOK 1.30 in Q4 2024 to a peak of...
OB:EQNR
OB:EQNROil and Gas

Equinor (OB:EQNR) Margin Compression Reinforces Concerns Around Bullish Value Narratives

Equinor (OB:EQNR) closed out FY 2025 with Q4 revenue of US$25.3b and basic EPS of US$0.52, alongside net income of US$1.3b, setting a clear marker for how the year wrapped up. Over the past six quarters, revenue has ranged between US$25.1b and US$29.4b per quarter while basic EPS has swung from a loss of US$0.08 in Q3 2025 to US$0.97 in Q1 2025, giving investors a wide lens on how earnings power has moved through the cycle. With trailing net profit margin at 4.8% versus 8.6% a year earlier,...
OB:AKVA
OB:AKVAMachinery

European Stocks That May Be Trading Below Their Estimated Value In February 2026

As the eurozone economy continues its modest recovery with strengthened consumer confidence and investment, European markets are experiencing a mix of optimism and caution amid ongoing geopolitical concerns. In this environment, identifying stocks that may be trading below their estimated value can present opportunities for investors seeking to capitalize on potential market inefficiencies.
OB:PROT
OB:PROTInsurance

Assessing Protector Forsikring (OB:PROT) Valuation After Strong Earnings And Higher Dividend

Protector Forsikring (OB:PROT) has drawn investor attention after reporting higher fourth quarter and full year 2025 net income and earnings per share, alongside declaring a NOK 6.00 per share cash dividend. See our latest analysis for Protector Forsikring. At a share price of NOK520.0, Protector Forsikring has seen a 17.91% 90 day share price return and a very large 5 year total shareholder return of 892.48%, indicating strong long term momentum despite softer recent moves. If this dividend...