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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]