OB:AKSO
OB:AKSOEnergy Services

Should Aker Solutions' (OB:AKSO) Forecasted Revenue Drop After 2025 Prompt Investor Action?

On October 31, 2025, Aker Solutions issued earnings guidance, expecting 2025 revenues to surpass NOK 60 billion and anticipating approximately NOK 45 billion in revenue for 2026. The significant difference between 2025 and 2026 revenue projections reflects shifts in the company's project pipeline and anticipated business demand. We'll assess how the shift from higher expected 2025 revenues to lower 2026 estimates could reshape Aker Solutions' investment narrative. Explore 28 top quantum...
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:ATEA
OB:ATEAIT

Does Atea's Upbeat Q3 and Reaffirmed Outlook Strengthen the Bull Case for OB:ATEA?

Atea ASA recently reported third-quarter 2025 results with sales rising to NOK8.43 billion and net income reaching NOK226 million, while also reaffirming its full-year outlook, projecting gross sales at the top end of NOK57 billion–NOK60 billion and EBIT in the middle of its guidance range. The company’s strengthened quarterly earnings and confirmed outlook point to operational resilience and underscore management’s ongoing confidence in achieving its annual targets. To better understand how...
OB:DNB
OB:DNBBanks

DNB Bank (OB:DNB): Assessing Valuation Following Expanded Long-Term Kruk Credit Facility

DNB Bank (OB:DNB) shares drew attention after the bank announced that a consortium it leads has signed a new annex with Kruk, increasing the credit facility to 755 million EUR and extending its term to July 2030. This move signals DNB’s ongoing focus on strengthening its long-term financing engagements with corporate clients. See our latest analysis for DNB Bank. DNB Bank’s latest move with the expanded Kruk facility has kept market attention on its steady operational progress. After a robust...
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:SOFF
OB:SOFFEnergy Services

Solstad Offshore (OB:SOFF) One-Off Gain Boosts Margin, Challenges Profit Quality Narrative

Solstad Offshore (OB:SOFF) posted current net profit margins of 55.7% for the twelve months to 30 September 2025, a sharp jump from last year’s 6.4%, largely due to a one-off gain of $60.3 million. Earnings have turned positive over the past five years, although they declined at an average of -37.5% annually across that stretch. Looking ahead, forecasts call for earnings to climb 11.3% per year, with revenue growth of 9.9% per year expected to outpace the Norwegian market average of 2.3%. All...
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: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...