HAV Group ASA (OSL:HAV)

Q1 2026 Hav Group ASA Earnings Call Transcript

May 28, 2026 / 06:00 AM GMT

Release Date Price: kr16 (+4.92%)

Transcript

Key Points

Positve

HAV Group ASA (STU:6HH) reported a 57% increase in revenue compared to Q1 2025, indicating strong financial performance.
EBITDA improved significantly, nearly 29 times higher than the same period last year, with the margin increasing to 5.5%.
The energy design and smart control system segment continues to drive performance, with a 35% revenue growth and a 66% increase in EBITDA.
The company maintains a solid backlog of approximately 1.1 billion, providing good visibility and supporting ongoing activity.
HAV Group ASA is well-positioned to capitalize on megatrends such as electrification and decarbonization, which are reshaping maritime markets in their favor.

Negative

Ship design segment profitability is impacted by client-side delays and low capacity utilization, resulting in negative EBITDA.
The company experienced a negative cash flow from operating activities, driven by an increase in receivables and a reduction in account payables.
Water treatment systems, while showing improved revenue and EBITDA, still do not support stable profitability due to low volumes.
There is uncertainty regarding the timing of new orders, which could impact future activity levels and profitability.
The strategic review process is ongoing with no specific timeline or outcome, creating uncertainty about the company's future direction.

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

HAVH.OL - Hav Group ASA
Q1 2026 Hav Group ASA Earnings Call
May 28, 2026 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everybody and welcome to the presentation of HAV Group's first quarter financial results.

Presenting together with me today is CFO Paul Alvork.

Today we will give you the insights into the highlights of. Q1, we will present Hub Group in brief.

I will give you an update on the business segments.

Paul will give you more insight into the financials and we sum up and give you our perspective of the outlook for Hub Group.

And as we usually do at the end of the session.

After the presentation, we have a Q&A session where you have already sent in questions that we will try to answer to the best of our knowledge.

So let me start with the overall picture for Q1 2026.

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