Q3 2025 Hav Group ASA Earnings Call Transcript
Key Points
- HAV Group ASA (STU:6HH) reported a significant revenue increase of 44% to NOK 193.7 million in Q3 2025 compared to the same period last year.
- The company achieved a positive EBITDA of NOK 1.5 million, marking the fourth consecutive quarter of positive results.
- HAV Group ASA maintains a strong balance sheet with a cash position of NOK 271 million and minimal interest-bearing debt of NOK 1 million.
- The order backlog remains robust at NOK 1,266 million, with new contracts secured in various segments, including energy design and smart control systems.
- The company is well-positioned to capitalize on global trends such as green transition and stricter regulations, enhancing vessel operations and environmental performance.
- Financial performance in the ship design and water treatment business segments remains below expectations.
- The ship design segment is impacted by low capacity utilization and needs to secure more contracts to reach desired profitability levels.
- The water treatment system segment experienced lower than expected sales in the marine market, resulting in a negative impact of NOK 0.4 million.
- Geopolitical uncertainty and tariff issues present headwinds, although the company is less exposed due to its main market presence in Europe and Norway.
- The hydrogen segment has reduced activity levels, with costs related to closeout activities expected to decrease further.
(video playing)
Good morning everybody and welcome to Haria's 3rd quarter 2025 financial results presentation.
My name is Gunnar Larsen, and I am the CEO of Ha Group.
Together I will be presenting alone as Paul Arog, our CFO, is out of office today.
I will normally present the highlights from Q3.
I'll talk about how Group in a brief, give you an update on the business segments.
We run through the financials in a little bit more detail.
And I end up summing up and giving an outlook on how we see the future.
After the presentation as normal, it will be a Q&A session where I will answer the questions that you have already sent in and you can also send in additional questions during the presentation if you use the link that was given in our press release or stock announcement earlier.
So here are the Q3 2025 highlights.
In the third quarter of 2025, Ha Group delivered significant improvements in both revenue and EBITDA compared to the same period last
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