norbit 2 2020
Required fields are marked *. This website uses cookies to improve your experience while you navigate through the website. [18], In 1967, the Philips/Mullard NORBIT 2[19][20][21] aka Valvo NORBIT-S[22][23][24][nb 3] family of modules was introduced, first consisting of the 60-series[25] for frequencies up to 10 kHz at a single supply voltage of 24 V,[19] only. The company has a total of 56,786,918 issued and outstanding shares. Total borrowings stood at NOK 50.1 million at the end of the second quarter compared to NOK 51.1 million three months earlier and NOK 19.3 million at the end of 2019. We see signs of improvement in several markets and regions, and the positive market response received on the recently launched WINGHEAD sonar confirms our strategy to invest in broadening our product portfolio,” says Per Jørgen Weisethaunet, CEO of NORBIT. Neuchatel Ifff, Save my name, email, and website in this browser for the next time I comment. Revenues for the second quarter and first half of 2020 were impacted by implications from the COVID- 19 pandemic for all segments. The new WINGHEAD sonar significantly expands the market potential and is expected to be a positive contributor to the sales for segment Oceans going forward. The segment has generally a low revenue visibility of 2-4 weeks, due to the short time from receipt of an order to customer delivery. Most of the reduction in revenues is explained by reduced activity in contract manufacturing, which is exposed to the automotive industry and other industrial companies in Europe where demand has been negatively impacted by the pandemic. NORBIT Ablepay was included in the accounts from the second quarter of 2019. The segment experience quarterly fluctuations in revenues due to seasonal variations. For the same period last year, the company recorded an EBITDA of NOK 21.0 million, including one-off costs related to the initial public offering of the company. SECOND QUARTER AND FIRST HALF YEAR RESULTS 2020, Amounts in million NOK (except percentages and EPS). Revenues for PIR amounted to NOK 57.4 million for the second quarter of the year, 24 per cent lower than for the corresponding period last year (NOK 75.5 million). Bleach: Heat The Soul, For the first half of 2020, the company had revenues of NOK 306.7 million, compared to NOK 327.3 million for the same period of 2019. Revenues for Oceans amounted to NOK 58.7 million for the second quarter of 2020, in line with the revenues reported for the same period last year (NOK. Operating expenses, including employee expenses and other operating expenses, amounted to NOK 16.8 million for the second quarter of 2020 (NOK 16.4 million). Intangible assets amounted to NOK 163.0 million at the end of the second quarter of 2020, an increase from NOK 147.9 million at the end of the previous quarter and from NOK 135.3 million at the end of 2019. Depreciation and amortization expenses are, included, however, which is a measure of resource consumption necessary for generating the, EBIT as a percentage of net sales.

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