OB:AKER
OB:AKERIndustrials

Aker (OB:AKER) Valuation in Focus Following Strong Share Price Momentum

Aker (OB:AKER) shares have been on the move recently. Investors may be paying close attention to performance trends, given the company’s strong rise of 53% over the past year, as well as an increase of more than double over five years. See our latest analysis for Aker. Aker's latest price movement suggests momentum is still building, with a 15.2% share price return over the past 90 days adding to a remarkable one-year total shareholder return exceeding 52%. With the share price now at NOK...
OB:SCATC
OB:SCATCRenewable Energy

Scatec (OB:SCATC) Valuation in Focus After Guidance Boost and New Growth Targets

Scatec (OB:SCATC) raised its full-year 2025 EBITDA guidance after a strong third quarter, citing higher revenue, a larger renewable energy project backlog, and solid advances in battery storage integration. The company also reaffirmed its 2030 strategic roadmap, which focuses on profitable growth and reducing debt. See our latest analysis for Scatec. Momentum appears to be building for Scatec after its latest guidance upgrade, with a year-to-date share price return of nearly 32% and a 1-year...
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:SEA1
OB:SEA1Energy Services

Sea1 Offshore (OB:SEA1) Margin Halves to 37.7%, Raising Questions on Profit Sustainability

Sea1 Offshore (OB:SEA1) posted a net profit margin of 37.7%, a notable step down from last year’s 75.4% mark. Over the last five years, the company has achieved annual cumulative earnings growth of 55.4%. However, revenue is only expected to grow 0.4% per year going forward, which lags behind the broader Norwegian market’s 2.4% forecast. Despite a price-to-earnings ratio of just 3x and a share price well below fair value at NOK20.05, the outlook is clouded by expectations that earnings will...
OB:AKBM
OB:AKBMFood

Aker BioMarine (OB:AKBM) Deepening Losses Challenge Bull Case Despite Strong Profit and Revenue Forecasts

Aker BioMarine (OB:AKBM) remains in the red, with losses deepening at 15% per year over the last five years and continued unprofitability during the latest period. Looking ahead, earnings are projected to grow 115.9% per year, and the company is expected to turn profitable within the next three years. Revenue is also forecast to outpace the wider Norwegian market with annual growth of 10.8%. These growth drivers, combined with no identified risks and two key rewards for investors, set the...
OB:INSTA
OB:INSTABanks

Instabank (OB:INSTA) Margin Decline Tests Bullish Narratives Despite Strong Growth Outlook

Instabank (OB:INSTA) posted average annual earnings growth of 12.8% over the past five years, though the most recent growth slowed to 5.2%. Net profit margins slipped to 26.3% from 30.3% a year ago, but analysts expect both revenue and earnings to accelerate, with forecasts of 24% and 24.3% annual growth respectively. This pace would outstrip the broader Norwegian market. The stock is trading at 14.7 times earnings, above both industry and peer averages, but still below its discounted cash...
OB:SB1NO
OB:SB1NOBanks

A Look at SpareBank 1 Sør-Norge (OB:SB1NO) Valuation Following Strong Third Quarter Results

SpareBank 1 Sør-Norge (OB:SB1NO) released its third quarter and nine-month results, showing increases in both net interest income and net income compared to last year. Basic earnings per share edged down slightly. See our latest analysis for SpareBank 1 Sør-Norge. Following fresh earnings, SpareBank 1 Sør-Norge’s share price has shown resilience, with a year-to-date gain of 18.18%. Investors who have stuck with the stock have been rewarded, as the one-year total shareholder return stands at...
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: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,...