AKVA Group ASA Reports Record Q1 2026 EBIT and Strong Order Intake
AKVA Group ASA held its Q1 2026 earnings call on May 8, 2026, revealing robust financial performance and strategic developments. The company reported a quarterly revenue of NOK 1.140 billion, marking a 13% increase year-over-year, and achieved a record-high quarterly EBIT of NOK 91 million. EBITDA reached NOK 153 million, with the Sea Based segment contributing NOK 99 million. Order intake was strong at approximately NOK 1.5 billion, resulting in an order backlog of NOK 2.8 billion by the end of the quarter. Key contracts included a NOK 200 million award from Ardal Aqua and a EUR 28 million contract from Laxey. Additionally, four new barges for the international market were secured. Strategically, AKVA Group completed the acquisition of remaining shares in Submerged, becoming the 100% owner of the smart camera solution provider. The company also announced a dividend of NOK 1 per share paid in April and initiated a strategic review aimed at maximizing shareholder value. CEO Knut Nesse and CFO Ronny Meinkøhn presented these results, highlighting increased activity levels and successful market expansion.
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AKVA Group ASA Reports Record Q1 2026 EBIT and Strong Order Intake
AKVA Group ASA held its Q1 2026 earnings call on May 8, 2026, revealing robust financial performance and strategic developments. The company reported a quarterly revenue of NOK 1.140 billion, marking a 13% increase year-over-year, and achieved a record-high quarterly EBIT of NOK 91 million. EBITDA reached NOK 153 million, with the Sea Based segment contributing NOK 99 million. Order intake was strong at approximately NOK 1.5 billion, resulting in an order backlog of NOK 2.8 billion by the end of the quarter. Key contracts included a NOK 200 million award from Ardal Aqua and a EUR 28 million contract from Laxey. Additionally, four new barges for the international market were secured. Strategically, AKVA Group completed the acquisition of remaining shares in Submerged, becoming the 100% owner of the smart camera solution provider. The company also announced a dividend of NOK 1 per share paid in April and initiated a strategic review aimed at maximizing shareholder value. CEO Knut Nesse and CFO Ronny Meinkøhn presented these results, highlighting increased activity levels and successful market expansion.
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