Board Change • Dec 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chairman of the Board Geir Flæsen was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 12
Edda Wind ASA, Annual General Meeting, May 28, 2025 Edda Wind ASA, Annual General Meeting, May 28, 2025. Reported Earnings • Aug 29
Second quarter 2024 earnings released: €0.03 loss per share (vs €0.002 loss in 2Q 2023) Second quarter 2024 results: €0.03 loss per share (further deteriorated from €0.002 loss in 2Q 2023). Revenue: €14.9m (up 62% from 2Q 2023). Net loss: €3.88m (loss widened €3.68m from 2Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Shipping industry in Europe. New Risk • Jun 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Apr 30
Full year 2023 earnings released: €0.038 loss per share (vs €0.03 profit in FY 2022) Full year 2023 results: €0.038 loss per share (down from €0.03 profit in FY 2022). Revenue: €39.4m (up 39% from FY 2022). Net loss: €3.87m (down 300% from profit in FY 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Shipping industry in Europe. Reported Earnings • Mar 03
Full year 2023 earnings released: €0.04 loss per share (vs €0.03 profit in FY 2022) Full year 2023 results: €0.04 loss per share (down from €0.03 profit in FY 2022). Revenue: €39.4m (up 39% from FY 2022). Net loss: €3.87m (down 300% from profit in FY 2022). Revenue is forecast to grow 44% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. 공시 • Feb 01
Edda Wind ASA Announces Resignation of Tom Johan Austrheim as CFO Edda Wind ASA announced that Tom Johan Austrheim has decided to resign as CFO to take a new position in another company. He will remain in his current role for a period to secure handover. 공시 • Jan 10
Edda Wind ASA to Report Q3, 2024 Results on Nov 19, 2024 Edda Wind ASA announced that they will report Q3, 2024 results on Nov 19, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: €0.02 (vs €0.006 in 3Q 2022) Third quarter 2023 results: EPS: €0.02 (up from €0.006 in 3Q 2022). Revenue: €11.8m (up 59% from 3Q 2022). Net income: €1.85m (up 364% from 3Q 2022). Profit margin: 16% (up from 5.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 2.6% decline forecast for the Shipping industry in Europe. 공시 • Oct 15
Geveran Trading Co., Ltd. acquired an unknown minority stake in Edda Wind ASA (OB:EWIND) for NOK 50 million. Geveran Trading Co., Ltd. acquired an unknown minority stake in Edda Wind ASA (OB:EWIND) for NOK 50 million on October 13, 2023. Geveran Trading Co., Ltd. completed the acquisition of an unknown minority stake in Edda Wind ASA (OB:EWIND) on October 13, 2023. Reported Earnings • Aug 18
Second quarter 2023 earnings released: €0.004 loss per share (vs €0.009 profit in 2Q 2022) Second quarter 2023 results: €0.004 loss per share (down from €0.009 profit in 2Q 2022). Revenue: €9.24m (up 34% from 2Q 2022). Net loss: €199.0k (down 135% from profit in 2Q 2022). Revenue is forecast to grow 56% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the Shipping industry in Europe. Reported Earnings • May 14
First quarter 2023 earnings released: €0.01 loss per share (vs €0.012 profit in 1Q 2022) First quarter 2023 results: €0.01 loss per share (down from €0.012 profit in 1Q 2022). Revenue: €6.89m (up 1.8% from 1Q 2022). Net loss: €433.0k (down 155% from profit in 1Q 2022). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 5.0% decline forecast for the Shipping industry in Europe. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €0.03 (vs €0.063 in FY 2021) Full year 2022 results: EPS: €0.03 (down from €0.063 in FY 2021). Revenue: €28.4m (up 16% from FY 2021). Net income: €1.94m (down 14% from FY 2021). Profit margin: 6.8% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 10% decline forecast for the Shipping industry in Europe. Reported Earnings • Nov 17
Third quarter 2022 earnings released Third quarter 2022 results: EPS: €0.01. Revenue: €7.43m (up 11% from 3Q 2021). Net income: €398.0k (flat on 3Q 2021). Profit margin: 5.4% (down from 5.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Shipping industry in Europe. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Adrian Geelmuyden was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: EPS: €0.009. Revenue: €6.89m (up 2.7% from 2Q 2021). Net income: €567.0k (up 44% from 2Q 2021). Profit margin: 8.2% (up from 5.9% in 2Q 2021). Over the next year, revenue is forecast to grow 43% while the Shipping industry in Germany is not expected to grow. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Adrian Geelmuyden was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 12
Full year 2021 earnings released: EPS: €0.063 (vs €0.091 in FY 2020) Full year 2021 results: EPS: €0.063 (down from €0.091 in FY 2020). Revenue: €24.4m (up 37% from FY 2020). Net income: €2.24m (down 26% from FY 2020). Profit margin: 9.2% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 16% growth forecast for the industry in Germany.