New Risk • Apr 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: kr4.96 (vs kr3.58 in FY 2024) Full year 2025 results: EPS: kr4.96 (up from kr3.58 in FY 2024). Revenue: kr4.40b (up 25% from FY 2024). Net income: kr180.4m (up 39% from FY 2024). Profit margin: 4.1% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €10.55, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 130% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.16 per share. Upcoming Dividend • Apr 07
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 14 April 2026. Payment date: 21 April 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Declared Dividend • Mar 20
Final dividend of kr1.00 announced Shareholders will receive a dividend of kr1.00. Ex-date: 14th April 2026 Payment date: 21st April 2026 Dividend yield will be 11%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: kr4.96 (vs kr3.58 in FY 2024) Full year 2025 results: EPS: kr4.96 (up from kr3.58 in FY 2024). Revenue: kr4.40b (up 25% from FY 2024). Net income: kr180.4m (up 39% from FY 2024). Profit margin: 4.1% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Employee Representative Director Mona Skadberg was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Nov 29
AKVA group ASA, Annual General Meeting, May 21, 2026 AKVA group ASA, Annual General Meeting, May 21, 2026. Annuncio • Nov 27
AKVA group ASA Announces Board Changes AKVA group ASA has been informed that employee representative John Morten Kristiansen will step down from the Board of Directors of AKVA following his decision to resign from employment. Deputy employee representative Mathias Bergersen Aag will replace Kristiansen with effect from 1 December 2025. A new deputy employee representative will be elected in the next ordinary election for employee representatives. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: kr1.74 (vs kr2.44 in 3Q 2024) Third quarter 2025 results: EPS: kr1.74 (down from kr2.44 in 3Q 2024). Revenue: kr1.11b (up 10.0% from 3Q 2024). Net income: kr63.4m (down 28% from 3Q 2024). Profit margin: 5.7% (down from 8.8% in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 21
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 28 October 2025. Payment date: 04 November 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.6%). Annuncio • Sep 23
AKVA group ASA (OB:AKVA) announces an Equity Buyback for 60,000 shares, for NOK 9 million. AKVA group ASA (OB:AKVA) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares for NOK 9 million worth of its shares. The maximum price paid per shares will be set at NOK 150. Shares purchased under the program will be used for the Company's share-based incentive scheme for the company's senior management. The repurchase program is valid till March 31, 2026. As of September 23, 2025, the company had 212,029 shares in treasury. New Risk • Aug 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.5x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 21
Second quarter 2025 earnings released: EPS: kr1.32 (vs kr0.73 in 2Q 2024) Second quarter 2025 results: EPS: kr1.32 (up from kr0.73 in 2Q 2024). Revenue: kr1.17b (up 15% from 2Q 2024). Net income: kr47.0m (up 78% from 2Q 2024). Profit margin: 4.0% (up from 2.6% in 2Q 2024). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to €9.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Machinery industry in Germany. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.99 per share. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €7.32, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 9.2% over the past three years. Annuncio • May 23
AKVA group ASA Approves the Election of Nomination Committee The annual general meeting of AKVA group ASA was held on 22 May 2025. In accordance with the proposal from the nomination committee, the general meeting made the following resolution: The nomination committee shall consist of the following persons for the period up until the annual general meeting in 2026: Mr. Eivind Helland, Chair; Mr. Ingvald Fardal, member; Ms. Nina Willumsen Grieg, member. Reported Earnings • May 10
First quarter 2025 earnings released: EPS: kr1.16 (vs kr0.13 in 1Q 2024) First quarter 2025 results: EPS: kr1.16 (up from kr0.13 in 1Q 2024). Revenue: kr1.01b (up 29% from 1Q 2024). Net income: kr42.3m (up kr37.5m from 1Q 2024). Profit margin: 4.2% (up from 0.6% in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • May 06
AKVA group's Ordinary Shares to be Deleted from OTC Equity AKVA group ASA Ordinary Shares will be deleted from OTC Equity effective May 06, 2025, due to inactive security. New Risk • Apr 11
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 93% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Apr 10
Full year 2024 earnings released: EPS: kr3.09 (vs kr0.49 loss in FY 2023) Full year 2024 results: EPS: kr3.09 (up from kr0.49 loss in FY 2023). Revenue: kr3.60b (up 5.0% from FY 2023). Net income: kr112.5m (up kr130.3m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €4.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 44% over the past three years. Upcoming Dividend • Apr 01
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 08 April 2025. Payment date: 15 April 2025. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (3.5%). Annuncio • Mar 27
Arcus European Infrastructure Fund 3 Scsp a fund managed by Arcus Infrastructure Partners LLP completed the acquisition of 21.55% stake in Abyss Group As from AKVA group ASA (OB:AKVA). Arcus European Infrastructure Fund 3 Scsp a fund managed by Arcus Infrastructure Partners LLP signed an agreement to acquire 21.55% stake in Abyss Group As from AKVA group ASA (OB:AKVA) for NOK 140 million on March 12, 2025.
The closing of the transaction is expected to take place during March 2025.
Advokatfirma Wiersholm AS acted as legal advisor to Arcus Infrastructure Partners LLP. Alvarez & Marsal Europe Limited acted as financial advisor to Arcus Infrastructure Partners LLP. Alvarez & Marsal Taxand UK LLP acted as accountant to Arcus Infrastructure Partners LLP. SEB London acted as financial advisor to Arcus Infrastructure Partners LLP. Cardo provided Commercial advice to Arcus Infrastructure Partners. Arup provided Technical and ESG advice and Lockton provided Insurance advice to Arcus Infrastructure Partners LLP. DNB Markets acted as financial advisor to Abyss Group As.
Arcus European Infrastructure Fund 3 Scsp a fund managed by Arcus Infrastructure Partners LLP completed the acquisition of 21.55% stake in Abyss Group As from AKVA group ASA (OB:AKVA) on March 27, 2025. The proceeds from the transaction will be used for continued development of AKVA's core business segments. Recent Insider Transactions • Mar 25
Chief Executive Officer recently bought €286k worth of stock On the 20th of March, Knut Nesse bought around 51k shares on-market at roughly €5.66 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Knut's only on-market trade for the last 12 months. Annuncio • Mar 13
Arcus European Infrastructure Fund 3 Scsp a fund managed by Arcus Infrastructure Partners LLP signed an agreement to acquire 21.55% stake in Abyss Group As from AKVA group ASA (OB:AKVA) for NOK 140 million. Arcus European Infrastructure Fund 3 Scsp a fund managed by Arcus Infrastructure Partners LLP signed an agreement to acquire 21.55% stake in Abyss Group As from AKVA group ASA (OB:AKVA) for NOK 140 million on March 12, 2025.
The closing of the transaction is expected to take place during March 2025.
Advokatfirma Wiersholm AS acted as legal advisor to Arcus Infrastructure Partners LLP. Alvarez & Marsal Europe Limited acted as financial advisor to Arcus Infrastructure Partners LLP. Alvarez & Marsal Taxand UK LLP acted as accountant to Arcus Infrastructure Partners LLP. SEB London acted as financial advisor to Arcus Infrastructure Partners LLP. Cardo provided Commercial advice to Arcus Infrastructure Partners. Arup provided Technical and ESG advice and Lockton provided Insurance advice to Arcus Infrastructure Partners LLP. Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: kr3.09 (vs kr0.49 loss in FY 2023) Full year 2024 results: EPS: kr3.09 (up from kr0.49 loss in FY 2023). Revenue: kr3.60b (up 5.2% from FY 2023). Net income: kr112.5m (up kr130.3m from FY 2023). Profit margin: 3.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Nov 24
Independent Director recently bought €86k worth of stock On the 15th of November, Tore Rasmussen bought around 15k shares on-market at roughly €5.75 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: kr2.44 (vs kr0.082 loss in 3Q 2023) Third quarter 2024 results: EPS: kr2.44 (up from kr0.082 loss in 3Q 2023). Revenue: kr1.01b (up 24% from 3Q 2023). Net income: kr88.6m (up kr91.6m from 3Q 2023). Profit margin: 8.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: kr0.73 (vs kr0.56 in 2Q 2023) Second quarter 2024 results: EPS: kr0.73 (up from kr0.56 in 2Q 2023). Revenue: kr1.01b (up 7.9% from 2Q 2023). Net income: kr26.5m (up 30% from 2Q 2023). Profit margin: 2.6% (up from 2.2% in 2Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Annuncio • Aug 16
AKVA group ASA Provides Earnings Guidance for 2024 AKVA group ASA provided earnings guidance for 2024. AKVA is aiming for a revenue of minimum NOK 3.6 billion and EBIT of 4%-5% in 2024. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: kr0.13 (vs kr0.011 in 1Q 2023) First quarter 2024 results: EPS: kr0.13 (up from kr0.011 in 1Q 2023). Revenue: kr784.4m (down 10% from 1Q 2023). Net income: kr4.78m (up kr4.37m from 1Q 2023). Profit margin: 0.6% (up from 0% in 1Q 2023). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 19
Full year 2023 earnings released: kr0.49 loss per share (vs kr3.61 loss in FY 2022) Full year 2023 results: kr0.49 loss per share (improved from kr3.61 loss in FY 2022). Revenue: kr3.43b (up 2.9% from FY 2022). Net loss: kr17.8m (loss narrowed 86% from FY 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 18
Full year 2023 earnings released: kr0.61 loss per share (vs kr3.61 loss in FY 2022) Full year 2023 results: kr0.61 loss per share (improved from kr3.61 loss in FY 2022). Revenue: kr3.43b (up 3.1% from FY 2022). Net loss: kr22.1m (loss narrowed 83% from FY 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €5.22. The fair value is estimated to be €6.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 94%. Buying Opportunity • Jan 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €6.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 94%. New Risk • Nov 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Nov 12
Third quarter 2023 earnings released: kr0.082 loss per share (vs kr2.55 loss in 3Q 2022) Third quarter 2023 results: kr0.082 loss per share (improved from kr2.55 loss in 3Q 2022). Revenue: kr817.5m (down 2.7% from 3Q 2022). Net loss: kr2.97m (loss narrowed 97% from 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Annuncio • Aug 22
AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As. AKVA group ASA (OB:AKVA) acquired 51% stake in Submerged As on August 22, 2023. Post completion of the acquisition, AKVA has the option to acquire 100% shares in Submerged in 2028 based on certain conditions. The acquisition of the majority stake in Submerged is of great strategic importance to AKVA and will further develop and complement our digital offerings to the market.AKVA group ASA (OB:AKVA) completed the acquisition of 51% stake in Submerged As on August 22, 2023. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: kr0.56 (vs kr1.13 loss in 2Q 2022) Second quarter 2023 results: EPS: kr0.56 (up from kr1.13 loss in 2Q 2022). Revenue: kr940.3m (up 3.6% from 2Q 2022). Net income: kr20.3m (up kr61.5m from 2Q 2022). Profit margin: 2.2% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: kr0.011 (vs kr1.10 in 1Q 2022) First quarter 2023 results: EPS: kr0.011 (down from kr1.10 in 1Q 2022). Revenue: kr873.6m (up 2.9% from 1Q 2022). Net income: kr405.0k (down 99% from 1Q 2022). Profit margin: 0% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Board Change • Mar 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Employee Representative Director Siv Nesse was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2022 earnings released: kr3.61 loss per share (vs kr0.34 profit in FY 2021) Full year 2022 results: kr3.61 loss per share (down from kr0.34 profit in FY 2021). Revenue: kr3.33b (up 6.6% from FY 2021). Net loss: kr131.2m (down kr142.7m from profit in FY 2021). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 13
Full year 2022 earnings released: kr3.99 loss per share (vs kr0.34 profit in FY 2021) Full year 2022 results: kr3.99 loss per share (down from kr0.34 profit in FY 2021). Revenue: kr3.38b (up 8.2% from FY 2021). Net loss: kr145.0m (down kr156.5m from profit in FY 2021). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Director Yoav Doppelt was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: kr2.55 loss per share (vs kr0.43 profit in 3Q 2021) Third quarter 2022 results: kr2.55 loss per share (down from kr0.43 profit in 3Q 2021). Revenue: kr840.3m (up 14% from 3Q 2021). Net loss: kr92.6m (down kr106.8m from profit in 3Q 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 03
Chief Executive Officer recently bought €524k worth of stock On the 1st of September, Knut Nesse bought around 80k shares on-market at roughly €6.54 per share. This transaction increased Knut's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Knut's only on-market trade for the last 12 months. Reported Earnings • Aug 12
Second quarter 2022 earnings released: kr1.13 loss per share (vs kr0.48 profit in 2Q 2021) Second quarter 2022 results: kr1.13 loss per share (down from kr0.48 profit in 2Q 2021). Revenue: kr907.2m (up 9.1% from 2Q 2021). Net loss: kr41.1m (down 358% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 9.6% growth forecast for the industry in Germany. Annuncio • Aug 04
AKVA group ASA Provides Earnings Guidance for the Second Quarter of 2022 AKVA group ASA provided earnings guidance for the second quarter of 2022. The company is expecting a strong revenue of NOK 907 million in second quarter of 2022, representing an increase of 9% compared to second quarter of 2021. However, the profitability is significantly impacted by increased costs from high inflation rates, warranty and cost provisions. EBIT is expected to be negative of NOK 41 million for second quarter 2022. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: kr1.10 (vs kr0.74 loss in 1Q 2021) First quarter 2022 results: EPS: kr1.10 (up from kr0.74 loss in 1Q 2021). Revenue: kr848.9m (up 18% from 1Q 2021). Net income: kr40.0m (up kr64.5m from 1Q 2021). Profit margin: 4.7% (up from net loss in 1Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 11% growth forecast for the industry in Germany. Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be €10.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 60%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 41% per annum over the same time period. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. Director Frode Teigen is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be €10.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 60%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 45% per annum over the same time period. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.34 (down from kr2.74 in FY 2020). Revenue: kr3.12b (down 1.6% from FY 2020). Net income: kr11.5m (down 87% from FY 2020). Profit margin: 0.4% (down from 2.9% in FY 2020). Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 18%, compared to a 9.9% growth forecast for the industry in Germany. Buying Opportunity • Mar 04
Now 20% undervalued Over the last 90 days, the stock is up 4.0%. The fair value is estimated to be kr10.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% per annum over the last 3 years. Earnings per share has declined by 60% per annum over the last 3 years. Upcoming Dividend • Feb 24
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 03 March 2022. Payment date: 11 March 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (1.3%). Annuncio • Feb 13
AKVA Group ASA Proposes Dividend First Quarter 2022 AKVA Group ASA proposes dividend of NOK 1 per share to be paid in first quarter 2022. Annuncio • Feb 12
Akva Group Asa Announces Half-Yearly Dividend, Payable on 11 March 2022 AKVA Group ASA announced half-yearly dividend of NOK 1.00 per share to be paid in 11 March 2022. Ex-Date is 3 March 2022 and Record Date is 4 March 2022. Reported Earnings • Feb 12
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr0.34 (down from kr2.74 in FY 2020). Revenue: kr3.12b (down 1.2% from FY 2020). Net income: kr11.5m (down 87% from FY 2020). Profit margin: 0.4% (down from 2.9% in FY 2020). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 17%, compared to a 10% growth forecast for the industry in Germany. Buying Opportunity • Feb 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be kr10.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% per annum over the last 3 years. The company has become profitable over the last year. Buying Opportunity • Jan 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be kr10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS kr0.43 (vs kr1.08 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr738.1m (down 8.4% from 3Q 2020). Net income: kr14.2m (down 60% from 3Q 2020). Profit margin: 1.9% (down from 4.4% in 3Q 2020). Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS kr0.48 (vs kr0.79 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr831.6m (down 3.5% from 2Q 2020). Net income: kr15.9m (down 40% from 2Q 2020). Profit margin: 1.9% (down from 3.1% in 2Q 2020). Executive Departure • May 12
Independent Deputy Chairperson has left the company On the 6th of May, Anne Breiby's tenure as Independent Deputy Chairperson ended after 14.6 years in the role. As of December 2020, Anne personally held 63.80k shares (€600k worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • May 08
First quarter 2021 earnings released: kr0.74 loss per share (vs kr0.63 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr719.4m (down 4.4% from 1Q 2020). Net loss: kr24.5m (down 217% from profit in 1Q 2020). Reported Earnings • Apr 17
Full year 2020 earnings released: EPS kr2.74 (vs kr0.44 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr3.16b (up 3.6% from FY 2019). Net income: kr90.7m (up kr76.0m from FY 2019). Profit margin: 2.9% (up from 0.5% in FY 2019). Upcoming Dividend • Mar 31
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 07 April 2021. Payment date: 14 April 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.2%). Reported Earnings • Mar 13
Full year 2020 earnings released: EPS kr2.63 (vs kr0.44 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: kr3.19b (up 3.7% from FY 2019). Net income: kr86.7m (up 493% from FY 2019). Profit margin: 2.7% (up from 0.5% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue beats expectations Revenue exceeded analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 15%, compared to a 6.9% growth forecast for the Machinery industry in Germany. Annuncio • Mar 13
AKVA Group ASA Announces Half-Yearly Dividend, Payable on April 14, 2021 AKVA Group ASA announced half-yearly dividend of NOK 1.00 per share to be paid in April 14, 2021. Ex-Date is 7 April 2021 and Record Date is 8 April 2021. Annuncio • Feb 10
AKVA Group ASA (OB:AKVA) acquired 33.7% stake in Observe Technologies Limited. AKVA Group ASA (OB:AKVA) acquired 33.7% stake in Observe Technologies Limited on February 9, 2021.
AKVA Group ASA (OB:AKVA) completed the acquisition of 33.7% stake in Observe Technologies Limited on February 9, 2021.