Q2 2024 Akva Group ASA Earnings Call Transcript

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Aug 16, 2024

Aug 16, 2024 / 08:00AM GMT
Knut Nesse - Akva Group ASA - Chief Executive Officer

Ladies and gentlemen, good morning and very much welcome to the first half presentation of AKVA Group. I really hope you had a good summer break. And anyway, I like to go straight to business now. The agenda for this morning is introduction and highlights, which will be presented by myself, financial performance by Ronny Meinkøhn, our CFO and then the Q&A session which will be moderated. So in case you have any questions, please post them during the call.

The highlights for the second quarter was that we had a record high revenue of slightly more than NOK1 billion. Also, that followed by improved financial performance and EBIT of NOK63 million. Also acceptable order intake in Sea Based of NOK713 million, but still market in Land Based. I will come back a little bit to the order intake certainly. And also we completed the acquisition of Observe, which is a very strategic important acquisition for AKVA Group. And I will also address the deep farming business as well.

As mentioned, a record revenue of NOK1.014 billion, which is

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