Norbit

A global provider of tailored technology to carefully selected niches.

Launch date

1980

Employees

Market cap

Enterprise valuation

€647m (Public information from Sep 2024)

Company register number 944679286

Trondheim Trøndelag (HQ)

https://norbit.com/

https://twitter.com/norbituk https://www.linkedin.com/company/norbit-group

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Revenues, earnings & profits over time

EUR	2020	2021	2022	2023	2024	2025	2026
Revenues	68.1m	86.7m	128m	167m	194m	226m	264m
% growth	(7 %)	27 %	48 %	30 %	16 %	17 %	16 %
EBITDA	9.3m	15.4m	24.6m	42.2m	51.2m	65.7m	72.3m
% EBITDA margin	14 %	18 %	19 %	25 %	26 %	29 %	27 %
Profit	3.0m	5.3m	11.7m	20.4m	27.7m	38.3m	42.9m
% profit margin	4 %	6 %	9 %	12 %	14 %	17 %	16 %
EV / revenue	1.8x	2.7x	1.7x	2.4x	3.5x	3.0x	2.6x
EV / EBITDA	13.3x	15.1x	9.0x	9.4x	13.4x	10.4x	9.4x

Source: Dealroom estimates

Date	Investors	Amount	Round
Sep 2012	Eurostars SME programme	N/A	Grant
Apr 2016	Innovation Norway	NOK1.0m	Grant
Feb 2017	Innovation Norway	NOK6.8m	Debt
Jun 2018	Innovation Norway	NOK4.3m	Grant
Jun 2019	N/A	N/A	IPO
Sep 2020	Innovation Norway	NOK9.8m	Debt
Sep 2020	Innovation Norway	NOK3.0m	Grant
Jul 2024*	REITAN Petors	NOK200m	Private Placement non VC
Total Funding		€908k

Tech stackLearn more about the technologies and tools that this company uses.

Innomar Technologie

ACQUISITION by Norbit Jun 2024

ACQUISITION by Norbit Feb 2023

ACQUISITION by Norbit Sep 2023