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Nordic Semiconductor ASA

Submitted by analyticalplatform on Mon, 06/13/2022 - 04:00
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Nordic Semiconductor is a fabless semiconductor company, which outsources production and focuses on research and development and product design. The company specialises in wireless communication technology that powers the Internet of Things. Warehousing and distribution are also outsourced, although the company has its own global sales teams.

New short-term ratings assigned to corporate issuers

New ratings follow methodology update; ratings removed from criteria review.
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NCR comments: Jotun A/S T1 2022 report

Strong sales to South Korean shipbuilders drive robust revenue growth.
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Nordic Credit Rating publishes final amendments to short-term rating scale

All ratings placed Under Criteria Review.
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NCR comments: Lerøy Seafood Group ASA Q1 2022 report

Higher costs more than offset by strong salmon prices.
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NCR comments: Kongsberg Gruppen ASA Q1 2022 report

Strong margins, adjusted for negative one-off items.
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NCR comments: NorgesGruppen ASA Q4 2021 report

Continued COVID restrictions boost second-half earnings.
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Salmon prices likely to remain strong as COVID-19 recedes

Higher costs and environmental requirements could trigger sector consolidation.
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NCR comments: Nortura SA T3 2021 report

High energy costs and December cyber attack negatively impact operating margins.
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NCR makes initial assessment of Ukraine conflict on Nordic credit quality

No immediate ratings impact, but effects of conflict will remain under close scrutiny.
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