Norbit ASA
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 61 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 616 of 1,565 · What are Morning company classes?
Place in the whole sector: 1,637 of 4,248 · Industri
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 48 and solidity 75 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Norbit ASA is 5 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,565 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −214.3% (median 4.4%) and equity ratio 60.0% (median 41.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 42 MNOK | 23 MNOK |
| Operating margin | −214.3% | 4.4% |
| Profit margin | 1,131.0% | 4.1% |
| Return on assets | 37.2% | 9.4% |
| Equity ratio | 60.0% | 41.2% |
| Debt-to-equity | 0.67 | 1.30 |
| Current ratio | 1.30 | 1.72 |
| Revenue growth | 31.2% | 5.3% |
| Revenue per employee | 0.95 MNOK | 1.63 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 56, Norbit ASA does better than 61% of companies in the Morning class Small in the same sector (1,565 companies) in 2025.
Score 2023–2025
- Norbit ASA
- Median: companies in the Morning class Small in the same sector
Norbit ASA has a score of 56 for 2025, rank 1,637 of 4,248 in the sector.
Strongest: Growth: percentile 88 against peers, revenue growth 31.2% against a median of 5.3%. Solidity: percentile 75 against peers, equity ratio 60.0% against a median of 41.2%.
Weakest: Liquidity: percentile 29 against peers, current ratio 1.30 against a median of 1.72. Consistency: percentile 36 against peers.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −214.3% (median 4.4%).
- What lies behind weak liquidity, and will it last?
- What lies behind weak consistency, and will it last?
- The change in operating margin in 2025 was 8.1 percentage points weaker than for comparable companies: the company −8.0, the industry +0.1 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Norbit ASA fell by 8.0 percentage points. Comparable companies rose by a median 0.1 points. So the company did 8.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Norbit ASA moved the same way as comparable companies 1 times. About 1% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −206.2% | 4.3% | −23.5 percentage points | −0.2 percentage points | −23.2 percentage points |
| 2025 | −214.3% | 4.4% | −8.0 percentage points | +0.1 percentage points | −8.1 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Norbit ASA. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Norbit ASA fell 8.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | −182.8% | −206.2% | −214.3% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Norbit ASA fell 8.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | −182.8% | −206.2% | −214.3% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Norbit ASA fell 8.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | −182.8% | −206.2% | −214.3% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Norbit ASA fell 8.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | −182.8% | −206.2% | −214.3% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Norbit ASA fell 8.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | −182.8% | −206.2% | −214.3% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Norbit ASA had an operating margin of −214.3% and an equity ratio of 60.0% in 2025, and ranks 1,637 of 4,248 in Industri.
From 2024 to 2025: the operating margin fell from −206.2% to −214.3% and the equity ratio fell from 76.3% to 60.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1,646 MNOK and 3,953 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | 3,953 MNOK |
| EV/EBIT | 18.6 | not meaningful |
| P/B | 3.0 | 1,646 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 31% for an unlisted company: 20% for lack of marketability and 14% for size (a small-company premium of 1% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −214.3% (median 4.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 48 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 36 | weight 15% |
Durability: 59 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Norbit ASA?
The operating margin was −214.3% in 2025, against a median of 4.4% among companies in the Morning class Small in the same sector. Return on assets was 37.2%.
How solid is Norbit ASA?
The equity ratio was 60.0% in 2025 (median 41.2%). Debt-to-equity was 0.67 (median 1.30).
What is the liquidity of Norbit ASA like?
The current ratio was 1.30 in 2025 (median 1.72).
How does Norbit ASA compare in Industri?
Norbit ASA ranks 1,637 of 4,248 in Industri for 2025. Among companies in the Morning class Small it is number 616 of 1,565. Revenue changed by 31.2% from the year before.
Group accounts · 2025
71 of 100
Rank 17 of 90 groups in the Morning class Large in Industri. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 2,503 MNOK
- Operating profit, group
- 555 MNOK
- Profit before tax, group
- 526 MNOK
- Total assets, group
- 2,623 MNOK
- Equity, group
- 1,212 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 22.2% | −214.3% |
| Return on assets | 22.7% | 37.2% |
| Equity ratio | 46.2% | 60.0% |
| Current ratio | 1.56 | 1.30 |
| Revenue growth | 42.9% | 31.2% |
Group index in earlier years: 2023: 70 (14 of 88), 2024: 74 (13 of 92).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 992718196
- Legal form
- ASA
- Sector
- Industri (26.120)
- Morning company class
- Small
- Employees
- 44 registered 10 October 2026
- Founded
- 28 February 2008 18 years in operation
- Share capital
- 6.41 MNOK
- Business address
- Stiklestadveien 1, 7041 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.norbit.com
- LEI
- 254900C08RCMXVZYFY97 renews 3 February 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 7,085
- Largest owner
- 10.9% · top three 30.1%
- Split
- companies 91% · private persons 9% · foreign 28%
- Owned from the same municipality
- 32%
- Owners over 60
- 43% of the shares held by persons (median age 56)
- Petors AS · 10.9%
- Vhf Invest AS · 9.6%
- Rekap 2A AS · 9.5%
- FOLKETRYGDFONDET · 4.5%
- Awc AS · 3.7%
- J.P. Morgan SE (Luxembourg) · 3.3%
- Eidco AS · 3.1%
- Esmar AS · 2.2%
- The Bank of New York Mellon SA/NV (Belgium) · 2.2%
- VERDIPAPIRFONDET DNB SMB · 2.1%
- 6104 private persons · 8.6%
The company is new in the shareholder register in 2025.
Majority owner of: Norbit Kabelpartner AS (100%), Norbit Ems AS (100%), Norbit Aptomar AS (100%), Fenrits AS (100%), Norbit Connectivity Norway AS (100%), Norbit R&D AS (100%)
The portfolio: 7 of the companies it owns shares in have accounts with us, 5 of them as majority owner. The average index is 57. 0 have negative equity and 0 made a loss in the latest year.
Holds shares in: Norbit Ems AS (100%), Proventure Seed Iii AS (0%), Norbit Connectivity Norway AS (100%), Norbit R&D AS (100%), Norbit ASA (0%), Fenrits AS (100%), Norbit Kabelpartner AS (100%), Nomek AS (49%)
The owners' shares do not add up to the company's total number of shares in the source.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 65 | 56 | |
| Rank | 1,705 | 944 | 1,637 | |
| Operating margin | −182.8% | −206.2% | −214.3% | |
| Return on assets | 27.5% | 23.9% | 37.2% | |
| Equity ratio | 61.5% | 76.3% | 60.0% | |
| Current ratio | 1.68 | 2.05 | 1.30 | |
| Revenue growth | – | 10.3% | 31.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 29.0 MNOK | 32.0 MNOK | 42.0 MNOK |
| Operating profit | −53.0 MNOK | −66.0 MNOK | −90.0 MNOK |
| Profit before tax | 257.0 MNOK | 256.0 MNOK | 475.0 MNOK |
| Tax expense | 55.0 MNOK | 57.0 MNOK | 104.0 MNOK |
| Net profit | 202.0 MNOK | 199.0 MNOK | 371.0 MNOK |
| Financial expenses | 22.0 MNOK | 27.0 MNOK | 16.0 MNOK |
| Total assets | 1,014.0 MNOK | 1,186.0 MNOK | 1,321.0 MNOK |
| Current assets | 482.0 MNOK | 575.0 MNOK | 685.0 MNOK |
| Equity | 624.0 MNOK | 905.0 MNOK | 793.0 MNOK |
| Retained earnings | 250.0 MNOK | 253.0 MNOK | 126.0 MNOK |
| Total liabilities | 390.0 MNOK | 281.0 MNOK | 528.0 MNOK |
| Current liabilities | 287.0 MNOK | 281.0 MNOK | 528.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7169551.
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