The company has been growing its order book, lifting earnings visibility down the road.
Hashim Osman of PhilliPCapital has raised his target price for Nordic Group after the company's 1QFY2026 earnings which was up by 11% y-o-y to $5 million, with further growth ahead due to a bigger order book.
In the quarter, net profit margin increased by 120 basis points to 12%. The ongoing shift towards higher-complexity FPSO, semiconductor, and defence projects supports further margin accretion. Also, the company is set to enjoy some tailwinds from more favourable forex movements, says Hashim.
