From GlobeNewswire: 2025-02-14 02:01:00

AKVA Group reported a record high Sea Based order intake in Q4 2024, reaching MNOK 946. Quarterly revenue was MNOK 792, a 1% decrease from the previous year. EBITDA improved from MNOK 41 to MNOK 76 in the same period. Order backlog stood at BNOK 2.7 by the end of December 2024.

The company signed contracts with Cermaq Chile and Laxey, with values of approximately MEUR 30 and MEUR 20, respectively. Revenue expectations for 2025 are around BNOK 4.0 with an EBIT target of 6%. A dividend of NOK 1 per share will be paid in the first half of 2025.

Sea Based Technology (SBT) saw a revenue of MNOK 542 and an EBITDA of MNOK 55 in Q4 2024. Order intake for the segment was MNOK 946, leading to a backlog of BNOK 1.1. Land Based Technology (LBT) revenue was MNOK 217, with an EBITDA of MNOK 14 and an EBIT of MNOK 12, as well as an order intake of MNOK 114.

Digital (DI) segment revenue was MNOK 33 in Q4 2024, with an EBITDA of MNOK 7 and an EBIT of MNOK -4. Order intake was MNOK 22, leading to a backlog of MNOK 136. The company aims for revenue of at least BNOK 4.0 and an EBIT of 6% in 2025, expecting improvements in various market segments.



Read more at GlobeNewswire:: AKVA group ASA: Q4 2024 financial reporting