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AKVA Group Q1 profit masks drought in land-based orders

Akva Group cuts revenue target, stung by Norway's aquaculture tax

Outlook 2024: When Norway's salmon farmers canceled future investments, this equipment maker felt the pain

Outlook 2024: When Norway's salmon farmers canceled future investments, this equipment maker felt the pain

AKVA group ASA: Q3 2023 financial reporting

Acceptable activity level and profitability in Sea Based but challenging post smolt market in Norway AKVA group delivered revenue for Q3 of MNOK 817 (840), a decrease of 3% compared to Q3 2022. EBITDA increased from MNOK 25 in Q3 2022 to MNOK 78 in Q3 2023. Order intake of MNOK 600 (650) in Q3 and order backlog of BNOK 2,6 at the end of September 2023. Acquisition of 51% of the shares in Submerged AS was completed in Q3 with the option to increase the ownership to 100% in 2028 based on certain c