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...
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,...