Feb 14, 2025 / NTS GMT
Benjamin Golding - Arendals Fossekompani ASA - Chief Executive Officer
Hi, I'm Benjamin Golding. Welcome to the presentation of our financial results for the fourth quarter. Total operating revenue amounted to NOK1.2 billion. Total group revenue increased by 14%, and operating profit increased from NOK67 million to NOK151 million compared to the same quarter last year.
And we delivered an EBIT margin of 13%, up from 7% in the same quarter last year. The increase was largely driven by solid performance across several portfolio companies, with particularly strong growth and operational excellence in NSSLGlobal and ENRX.
In October, Arendals Fossekompani, Advent International, and Generation Investment Management completed the acquisition and delisting of Volue. The completed Volue transaction resulted in a financial gain of NOK3.3 billion in AFK parent company in the quarter.
For the full year of 2024, Arendals Fossekompani Group revenue amounted to NOK4.4 billion, with an operating profit of NOK390 million. In a year with declining power prices, we've seen strong performance from
Q4 2024 Arendals Fossekompani ASA Earnings Call Transcript
Feb 14, 2025
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