Q2 2025 Akva Group ASA Earnings Call Transcript
Key Points
- AKVA Group ASA (FRA:3QI) reported a record high quarterly revenue of NOK1.167 billion and EBIT of NOK89 million, indicating strong financial performance.
- The company secured significant contracts, including a EUR 20 million land-based contract from Laxey, contributing to an acceptable order intake of NOK1.052 billion.
- AKVA Group ASA is a market leader in deep farming technology, having delivered over 200 cages and possessing a strong pipeline of interested customers.
- The company has made substantial investments in digital platforms, including acquiring an AI company for automated feeding, positioning itself for future growth.
- AKVA Group ASA has a solid order backlog of NOK2.7 billion, providing a strong foundation for future revenue and financial performance.
- The sea-based order intake decreased by approximately 15% compared to the previous year, indicating potential challenges in this segment.
- The company faces strong competition in the smart camera segment, having been late to focus on this rapidly growing market.
- Revenue in Europe and Americas decreased by 7% and 23% respectively, highlighting regional challenges.
- Despite improvements, the land-based segment has faced historical financial challenges, requiring significant investments to stabilize.
- The company has not yet invested in emerging shielded technologies, choosing instead to monitor developments, which may delay its entry into potentially lucrative markets.
Welcome to this second quarter financial presentation for AKVA Group. My name is Knut Nesse and I'm the CEO of the company. So I will do the introduction. Normally, I will focus on the financial for the quarter and what happened, but since we are now presenting at Aqua Nor, I will take the bigger picture and leave the financials aside and talk about the long-term salmon story.
But just 30 seconds about the numbers for the second quarter. They are good. So we are very pleased. We had a record high quarterly revenue and EBIT revenue of NOK1.167 billion and EBIT of NOK89 million. So very, very pleased with that. So thanks to our customers for trusting us and own employees for being part of the contribution, very much appreciated.
Acceptable order intake of a bit more than NOK1 billion, NOK1.052 billion supported by the award of the EUR 20 million Laxey contract -- land-based contract from Laxey. Also, we got another one from Laxey in July, which is not part of the order intake for the second quarter and that was EUR8.5 million. And
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