Norway · Delayed Price · Currency is NOK HAV Group ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 was the strongest quarter of the year, with record revenue and EBITDA, and a solid order backlog of NOK 1.14 billion ensures strong visibility for 2026. Electrification and regulatory trends are driving growth, with margin improvements expected across all segments.
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Q3 2025 delivered a 44% revenue increase and a turnaround to positive EBITDA, driven by strong energy design and smart control systems performance. Order backlog remains robust, with Q4 expected to be the strongest quarter and continued growth into 2026.
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Solid Q2 results with NOK 193.3 million revenue and positive EBITDA for the third consecutive quarter. Strong order intake and cash position, with robust backlog and growth expected in H2 2025, especially in energy design and smart control systems.
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Order intake and backlog reached record levels, with revenue and EBITDA improving year-over-year. Energy design and smart control systems drove performance, while ship design and water treatment segments faced low utilization. Strategic cost measures and a strong outlook support future growth.
Fiscal Year 2024
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Order backlog doubled year-over-year to NOK 1.2 billion, with Q4 revenue up 174% and positive EBITDA. Strong growth in energy design and smart control, robust cash position, and significant new contracts support a positive outlook for 2025.
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Order backlog surged 118% year-over-year, but Q3 saw a net loss of NOK 19 million due to project delays. Strong order intake and a robust pipeline support expectations for revenue growth in 2024 and significant expansion in 2025.
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Q2 2024 saw revenue of NOK 193.2 million and a return to positive EBITDA, with a record order backlog of NOK 1.387 billion and major contract wins. Most backlog revenue will be realized from 2025, with continued focus on sales, capacity utilization, and sustainable maritime solutions.