AKVA group ASA
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AKVA group ASA: Q2 2025 financial reporting
Globenewswire· 2025-08-20 06:00
Core Insights - AKVA group achieved record high quarterly revenue of MNOK 1,167 in Q2 2025, a 15% increase from Q2 2024 [1] - EBITDA rose from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025, indicating improved profitability [1] - Total order intake reached BNOK 1.1 in Q2 2025, up from MNOK 888 in Q2 2024, with a backlog of BNOK 2.7 at the end of June 2025 [1][2] Financial Performance - Sea Based (SB) revenue for Q2 2025 was MNOK 868, up from MNOK 842 in Q2 2024, with EBITDA and EBIT margins improving to 14.3% and 9.7% respectively [3] - Land Based (LB) revenue increased significantly to MNOK 264 from MNOK 137, with a notable rise in order intake to MNOK 316 compared to MNOK 149 in Q2 2024 [5] - Digital (DI) segment maintained revenue at MNOK 35, with improved EBITDA margin of 21.9% [5] Regional Performance - Nordic region revenue increased to MNOK 676 in Q2 2025 from MNOK 602 in Q2 2024, while the Americas region saw a decline to MNOK 114 from MNOK 156 [4] - Europe and Middle East (EME) revenue decreased slightly to MNOK 78 from MNOK 84 in the same period [4] Order Backlog and Contracts - The order backlog at the end of Q2 2025 was MNOK 2,712, with 60% related to Land Based projects [10] - New land-based contracts were signed with Laxey, valued at approximately MEUR 20 and MEUR 8.5, contributing to high activity levels [2] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 9.4% from 10.4%, with cash and unused credit facilities totaling MNOK 473 [7] - Total assets and equity were MNOK 4,217 and MNOK 1,327 respectively, resulting in an equity ratio of 31.5% [7] Future Outlook - The company anticipates continued strong momentum in deep farming concepts, targeting a minimum revenue of BNOK 4.0 and EBIT of 6% for 2025 [11] - Ongoing investments are planned to enhance solutions across Sea Based, Land Based, and Digital segments [11] Dividend Announcement - The company has declared a dividend of NOK 1 per share for the second half of 2025, aiming to maximize shareholder returns [9]
AKVA group ASA: Invitation – presentation of the Q2 2025 financial results
Globenewswire· 2025-08-06 06:00
Core Viewpoint - AKVA group ASA is set to present its Q2 2025 financial results on August 20, 2025, at 10:00 CET, during the Aqua Nor 2025 event in Trondheim, Norway, with a live stream option available for interested parties [1][2]. Group 1 - The presentation will be conducted in English and is open to all interested parties [2]. - The event will take place at Trondheim Spektrum, located at Klostergata 90, 7030 Trondheim [1]. - A recorded version of the presentation will be accessible after the live stream concludes [1]. Group 2 - The contact information for key executives is provided, including Knut Nesse, CEO, and Ronny Meinkøhn, CFO, along with their respective phone numbers and email addresses [2].
AKVA group ASA: Targeting higher revenue growth and continued margin improvement
Globenewswire· 2025-06-12 06:00
Core Insights - AKVA group ASA has set a revenue target of NOK 5 billion and an EBIT target of 9% for 2027, with ambitions to reach NOK 7 billion by 2030, indicating a focus on profitable growth in the salmon farming industry [1][3] Financial Performance and Targets - AKVA generated revenue of NOK 3.5 billion in 2024 and has provided guidance for NOK 4 billion in 2025, aiming for NOK 5 billion in 2027 and NOK 7 billion by 2030, which represents a doubling of revenue from 2024 to 2030 [3] - The EBIT is projected to increase from 5% in 2024 to 6% in 2025, with a target of 9% in 2027 and an ambition to exceed 10% by 2030 [3] Segment Performance Targets - The Sea Based segment aims to grow revenues from NOK 2.8 billion in 2024 to NOK 3.4 billion in 2027, with an EBITDA margin improvement from 12% to 14% [4] - The Land Based segment targets more than double revenue from NOK 0.6 billion in 2024 to NOK 1.4 billion in 2027, with an EBITDA margin increase from 4% to 10% [4] - The Digital segment aims to grow revenue from NOK 137 million in 2024 to around NOK 250 million in 2027, with an EBITDA margin increase from 22% towards 40% [4] Strategic Initiatives - The company has made significant investments to strengthen its business fundamentals, enabling ambitious growth plans without major additional capital expenditure [5] - AKVA is committed to delivering long-term value to shareholders through share price gains and competitive direct returns, with expectations of increased dividend capacity due to a healthy financial position and improved free cash flow [5] Dividend Policy - The Board of AKVA has established a revised dividend policy, intending to return between 40% and 50% of cash flow after investments to shareholders, subject to business capital needs and market conditions [6]
AKVA group ASA: Mandatory notifications of trade
Globenewswire· 2025-05-26 08:33
Core Points - The company AKVA group ASA has allocated shares to primary insiders as part of its long-term incentive program on May 26, 2025 [1][2] - Following the share distribution, the company's treasury shares now total 292,029 [1] - The allocation details include specific shareholdings for various executives, indicating their direct and indirect ownership [4] Share Distribution Details - CEO Knut Nesse, through Nesse & Co AS, holds 294,372 shares [4] - CFO Ronny Meinkøhn holds a total of 35,127 shares [4] - Other executives, including COOs and Group Directors, have varying shareholdings, with each holding 5,260 shares or more [4] Regulatory Compliance - The information is disclosed in accordance with Regulation EU 596/2014 (MAR) and the Norwegian Securities Trading Act [3]
AKVA group ASA: Q1 2025 financial reporting
Globenewswire· 2025-05-09 05:30
Core Insights - AKVA group reported a strong Q1 2025 with revenue of MNOK 1,013, a 29% increase from Q1 2024 [1][2] - EBITDA rose from MNOK 67 in Q1 2024 to MNOK 113 in Q1 2025, indicating improved profitability [1][3] - The total order intake for Q1 2025 was BNOK 1.2, up from MNOK 917 in Q1 2024, with a backlog of BNOK 2.8 at the end of March 2025 [1][2] Financial Performance - The Sea Based segment generated revenue of MNOK 804 in Q1 2025, up from MNOK 646 in Q1 2024, with EBITDA and EBIT margins improving to 11.9% and 7.0% respectively [3] - The Land Based segment saw revenue increase to MNOK 176 from MNOK 101, with EBITDA turning positive at MNOK 10 [4] - Digital segment revenue decreased slightly to MNOK 32 from MNOK 37, but EBITDA improved to MNOK 7 [5] Order Intake and Backlog - Order intake for Q1 2025 was MNOK 1,200, supported by a significant contract from Cermaq Chile [2][3] - The order backlog at the end of Q1 2025 was MNOK 2,799, with 55% related to Land Based Technology [9] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 8.9% from 11.3% [6] - Cash and unused credit facilities amounted to MNOK 500, up from MNOK 283 [6] Dividend and Shareholder Returns - The company declared a dividend of NOK 1 per share for the first half of 2025, with plans for reassessment for the second half [8] Outlook and Future Plans - AKVA group anticipates continued strong momentum in deep farming concepts and aims for a minimum revenue of BNOK 4.0 and EBIT of 6% in 2025 [10]
AKVA group ASA: Notice of Annual General Meeting 2025
Globenewswire· 2025-04-29 06:00
Group 1 - The Annual General Meeting (AGM) of AKVA group ASA is scheduled for 17:00 CEST on May 22, 2025 [1] - The notice of the AGM includes attendance and proxy forms, along with documents such as the Annual Report for 2024 and proposed updated guidelines on executive remuneration [2] - The AGM will be conducted as a digital meeting only, and shareholders must notify the company by email to attend via video link [3] Group 2 - Shareholders are encouraged to grant a proxy to the chairman of the Board for participation in the AGM [3] - Contact information for key executives, including the CEO and CFO, is provided for shareholder inquiries [4] - The information is disclosed in accordance with the Norwegian Securities Trading Act [4]