Norway · Delayed Price · Currency is NOK Moreld ASA Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with NOK 10 billion revenue and NOK 1.1 billion EBITDA, driven by Ocean Installer. Strong cash position, robust backlog, and positive outlook for 2026, with guidance of NOK 0.7–0.9 billion EBITDA and increased dividends under consideration.
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Q3 2025 results met expectations with NOK 2.6 billion revenue and NOK 178 million Adjusted EBITDA. Backlog is set to grow significantly with major contract awards pending, and dividend policy remains consistent. Ocean Installer and Apply segments showed strong but mixed performance.
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Strong H1 2025 results with NOK 5.6B revenue and NOK 791M EBITDA, driven by project completions and robust subsea and maintenance activity. Full-year EBITDA guidance raised to NOK 1.0–1.2B, with continued dividends and a solid liquidity position.
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Q1 2025 saw strong revenue and EBITDA growth, driven by high activity and project completions, especially in Ocean Installer. Guidance for 2025 EBITDA was raised, with continued high tender activity and a proposed dividend. Market uncertainties and project phasing remain key risks.
Fiscal Year 2024
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Q4 2024 saw strong operational and financial results, with full-year revenue of NOK 9.1 billion and EBITDA at NOK 1.075 billion, supported by a robust backlog and successful IPO. Quarterly dividends will begin in Q2 2025, and the outlook remains positive with high tender activity and major contract opportunities ahead.