Norbit Full Year 2023 Earnings: Revenues Beat Expectations, EPS In Line

Norbit (OB:NORBT) Full Year 2023 Results

Key Financial Results

• Revenue: kr1.52b (up 30% from FY 2022).
• Net income: kr185.3m (up 74% from FY 2022).
• Profit margin: 12% (up from 9.1% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: kr3.11 (up from kr1.82 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Norbit Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) was mostly in line with analyst estimates.

The primary driver behind last 12 months revenue was the Oceans segment contributing a total revenue of kr599.0m (39% of total revenue). The largest operating expense was General & Administrative costs, amounting to kr360.3m (50% of total expenses). Explore how NORBT's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Norway.

Performance of the Norwegian Electronic industry.

The company's shares are down 5.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Norbit's balance sheet health.

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