Norway · Delayed Price · Currency is NOK Fjord Defence Group ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 results met expectations with NOK 245 million in revenue and NOK 42.4 million EBITDA, supported by a robust NOK 1.8 billion order book. Recent acquisitions and a strong balance sheet position the group for accelerated growth, with 2026 guidance reaffirmed.
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Record order book and strong Q1 growth support full-year turnover guidance of NOK 420–450 million, driven by recent acquisitions and robust defense market demand. Margin improvements and expanded capacity position the group for continued growth.
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.
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.