Q4 2024 Akva Group ASA Earnings Call Transcript

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Feb 14, 2025

Feb 14, 2025 / 09:00AM GMT
Knut Nesse - Akva Group ASA - Chief Executive Officer

Ladies and gentlemen, good morning and very much welcome to the 2024 full year presentation of the Akva Group. The agenda of this morning is that I will do the introduction and the highlights. Ronny Meinkohn, the CFO, will do the financial performance, and then we will end with a Q&A session. So for those who are in the call, please post any questions during the presentation.

Let's go straight to the highlights for Q4, a revenue of NOK792 million and EBIT of NOK23 million. It was all-time high quarterly order intake of sea-based. We are very pleased with that of NOK946 million, and that is very much driven by the deep farming solution. Talking the farming solution, we still have a very sharp focus on further development and improved implementation of the NA solution, even though it is a commercialized solution. We still think there is room for development and innovation here.

Not exactly in the quarter, but at the start of the year we got awarded two new land-based contracts or contracts, one for the activity of Luxa, which is a

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