We expect NORBIT to report Q4/20 EBITDA of NOK 33m, 14% above latest Factset consensus of NOK 29m. We estimate Y/Y revenue growth of -12%, as all three business segments are negatively impacted by the ongoing Covid-19 outbreak. While NORBIT has managed to replace physical product demonstrations with digital interaction during the pandemic, we see significant upside potential for sales growth once business can be conducted as normal.
