Norway · Delayed Price · Currency is NOK Fjord Defence Group ASA Earnings Call Transcripts
Fiscal Year 2025
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Revenue and EBITDA surged year-over-year, driven by the integration of Scanfiber and Fjord Defence. The group maintains a strong balance sheet and liquidity, with robust growth expected in the defense sector and further acquisitions planned.
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Acquisitions of Fjord Defence AS and Scanfiber Composites A/S have doubled the defence segment, driving strong revenue and EBITDA growth. Solid cash flow and balance sheet support further expansion, with robust order books and a positive outlook for the European defence market.
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Adopted a compounder strategy with the acquisition of Fjord Defence AS, boosting group revenue and profitability. Strong cash position and equity support further acquisitions, with high growth expected from both organic and acquired businesses. European defense market outlook remains robust.
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A major acquisition and capital raise will transform the group into a leading defense sector consolidator, with Fjord Defence shareholders taking a significant stake and management role. The strategy focuses on organic and acquisition-driven growth, targeting NOK 2 billion in revenue within four years.
Fiscal Year 2024
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Q2 2024 saw a net asset value of 1.68 NOK per share, with a NOK 1.4 million operating loss and strong equity ratio of 87.8%. Multi-client library reprocessing is on track, and share buybacks continue amid improving market conditions and unpredictable late sales.