HAV Group ASA (OSL:HAV)

Q1 2025 Hav Group ASA Earnings Call Transcript

May 28, 2025 / 06:00 AM GMT

Release Date Price: kr7.3 (-14.72%)

Transcript

Key Points

Positve

HAV Group ASA (STU:6HH) reported a solid order intake, resulting in an order backlog close to 1.3 billion NOK, up 25% from the same quarter in 2024.
The company launched the Allen Game Changer project, focusing on LNG-operated fuel cells with almost zero carbon emissions, indicating a strong commitment to sustainable innovation.
The energy design and smart control systems segment showed significant financial improvement, with a turnover of 103 million NOK and a positive EBITA of 15.3 million NOK.
HAV Group ASA (STU:6HH) has a positive financial trend in the energy and design, and smart control system segments, with a very positive pipeline for future growth.
The company has implemented strategic adjustments in the hydrogen initiative to align with market conditions, preserving core expertise for future opportunities.

Negative

The ship design segment is experiencing low capacity utilization and has not secured new orders in the quarter, resulting in a negative EBITA of 4.3 million NOK.
The water treatment systems segment reported low turnover and capacity utilization, with a negative EBITA of 4.3 million NOK.
The hydrogen-based energy systems segment has seen slow market development, leading to a decision to reduce activity and costs temporarily.
HAV Group ASA (STU:6HH) reported a net profit of minus 2.5 million NOK for the quarter, indicating financial challenges.
The company faces challenges in the ship design segment due to a lack of recent contracts, necessitating cost reduction measures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HAVH.OL - Hav Group ASA
Q1 2025 Hav Group ASA Earnings Call
May 28, 2025 / 06:00AM GMT

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Presentation
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My father once told me, all of humanity's problems stem from our inability to sit quietly.

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Our ancestors conquered the oceans. Now we must build on what they achieved. As Ha Group, we are not able to sit still. We push technology, innovation and design for a sustainable future at sea.

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