Reported Earnings • May 28
First quarter 2026 earnings released: EPS: kr0.13 (vs kr0.07 loss in 1Q 2025) First quarter 2026 results: EPS: kr0.13 (up from kr0.07 loss in 1Q 2025). Revenue: kr233.1m (up 58% from 1Q 2025). Net income: kr4.42m (up kr6.89m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 16
Full year 2025 earnings released: EPS: kr0.13 (vs kr0.88 loss in FY 2024) Full year 2025 results: EPS: kr0.13 (up from kr0.88 loss in FY 2024). Revenue: kr803.0m (up 5.8% from FY 2024). Net income: kr4.54m (up kr35.3m from FY 2024). Profit margin: 0.6% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to kr6.98, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 24x in the Machinery industry in Norway. Total loss to shareholders of 20% over the past three years. Recent Insider Transactions • Dec 02
Director recently bought kr139k worth of stock On the 27th of November, Helge Simonnes bought around 25k shares on-market at roughly kr5.68 per share. This transaction amounted to 7.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr551k more in shares than they have sold in the last 12 months. 공고 • Nov 25
HAV Group ASA, Annual General Meeting, May 27, 2026 HAV Group ASA, Annual General Meeting, May 27, 2026. Reported Earnings • Nov 24
Third quarter 2025 earnings released: kr0.12 loss per share (vs kr0.54 loss in 3Q 2024) Third quarter 2025 results: kr0.12 loss per share (improved from kr0.54 loss in 3Q 2024). Revenue: kr193.7m (up 44% from 3Q 2024). Net loss: kr4.17m (loss narrowed 78% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Nov 21
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 Norwegian stocks, typically moving 7.6% 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 Earnings have declined by 47% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (kr198.1m market cap, or US$19.3m). Recent Insider Transactions • Oct 15
Director recently bought kr106k worth of stock On the 9th of October, Helge Simonnes bought around 17k shares on-market at roughly kr6.40 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr469k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Sep 16
Director recently bought kr79k worth of stock On the 11th of September, Helge Simonnes bought around 12k shares on-market at roughly kr6.89 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr363k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 27
Second quarter 2025 earnings released: EPS: kr0.06 (vs kr0.20 loss in 2Q 2024) Second quarter 2025 results: EPS: kr0.06 (up from kr0.20 loss in 2Q 2024). Revenue: kr193.3m (flat on 2Q 2024). Net income: kr1.95m (up kr8.92m from 2Q 2024). Profit margin: 1.0% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. New Risk • Aug 07
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 Norwegian stocks, typically moving 7.1% 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 Earnings have declined by 50% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (kr259.7m market cap, or US$25.5m). Reported Earnings • Mar 14
Full year 2024 earnings released: kr1.17 loss per share (vs kr0.11 loss in FY 2023) Full year 2024 results: kr1.17 loss per share (further deteriorated from kr0.11 loss in FY 2023). Revenue: kr765.2m (up 24% from FY 2023). Net loss: kr36.8m (loss widened kr32.5m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Feb 16
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 Norwegian stocks, typically moving 7.4% 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 Earnings have declined by 26% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (kr182.9m market cap, or US$16.5m). Recent Insider Transactions • Feb 09
Director recently bought kr86k worth of stock On the 3rd of February, Helge Simonnes bought around 15k shares on-market at roughly kr5.70 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr424k more in shares than they have sold in the last 12 months. 공고 • Dec 17
HAV Group ASA, Annual General Meeting, May 27, 2025 HAV Group ASA, Annual General Meeting, May 27, 2025. Recent Insider Transactions • Nov 28
Director recently bought kr85k worth of stock On the 26th of November, Helge Simonnes bought around 12k shares on-market at roughly kr7.08 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr88k. Insiders have collectively bought kr288k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 24
Third quarter 2024 earnings released: kr0.54 loss per share (vs kr0.53 loss in 3Q 2023) Third quarter 2024 results: kr0.54 loss per share (further deteriorated from kr0.53 loss in 3Q 2023). Revenue: kr134.8m (down 30% from 3Q 2023). Net loss: kr19.0m (loss widened 2.0% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 01
Director recently bought kr93k worth of stock On the 28th of August, Helge Simonnes bought around 10k shares on-market at roughly kr9.28 per share. This transaction amounted to 4.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr110k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 30
Second quarter 2024 earnings released: kr0.20 loss per share (vs kr1.68 profit in 2Q 2023) Second quarter 2024 results: kr0.20 loss per share (down from kr1.68 profit in 2Q 2023). Revenue: kr193.2m (down 3.5% from 2Q 2023). Net loss: kr6.97m (down 112% from profit in 2Q 2023). 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. Reported Earnings • Jun 04
First quarter 2024 earnings released: kr0.61 loss per share (vs kr0.38 loss in 1Q 2023) First quarter 2024 results: kr0.61 loss per share (further deteriorated from kr0.38 loss in 1Q 2023). Revenue: kr127.1m (up 15% from 1Q 2023). Net loss: kr21.3m (loss widened 61% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 18
Full year 2023 earnings released: EPS: kr0.03 (vs kr0.014 loss in FY 2022) Full year 2023 results: EPS: kr0.03 (up from kr0.014 loss in FY 2022). Revenue: kr617.1m (flat on FY 2022). Net income: kr1.17m (up kr1.65m from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. New Risk • Mar 15
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 Norwegian stocks, typically moving 7.4% 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: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (kr304.3m market cap, or US$28.7m). Reported Earnings • Nov 26
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: kr0.53 loss per share (down from kr0.03 profit in 3Q 2022). Revenue: kr193.0m (up 41% from 3Q 2022). Net loss: kr18.6m (down kr19.5m from profit in 3Q 2022). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Machinery industry in Norway. Major Estimate Revision • Sep 20
Consensus EPS estimates increase by 149% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr650.0m to kr680.0m. EPS estimate increased from kr0.75 to kr1.87 per share. Net income forecast to grow 182% next year vs 11% growth forecast for Machinery industry in Norway. Consensus price target down from kr17.00 to kr16.00. Share price was steady at kr9.16 over the past week. 공고 • Jun 13
Hav Group Asa Announces Management Changes HAV Group ASA announced that Egil Bremnes and Katrine Lynge have been elected as a new employee representatives at the Board of HAV Group ASA. Kjetil Ripe and Hanne Reite Keyn have been elected as deputies. Reported Earnings • May 26
First quarter 2023 earnings released: kr0.38 loss per share (vs kr0.13 profit in 1Q 2022) First quarter 2023 results: kr0.38 loss per share (down from kr0.13 profit in 1Q 2022). Revenue: kr110.3m (down 45% from 1Q 2022). Net loss: kr13.2m (down 388% from profit in 1Q 2022). 공고 • May 25
HAV Group Announces New Board Member HAV Group ASA at general meeting held on 24 May 2023, where Monica Sperre was elected as a new independent board member for Tore Hopen. 공고 • May 10
HAV Group ASA (OB:HAV) agreed to acquire Undheim Systems As from Stein Magnus Undheim. HAV Group ASA (OB:HAV) agreed to acquire Undheim Systems As from Stein Magnus Undheim on May 9, 2023. The consideration for the purchase includes both shares in HAV Group ASA and a cash amount. In 2022, Undheim Systems generated revenues of NOK 4 million and an EBIT of NOK 0.7 million. The transaction is subject to customary closing conditions, satisfactory due diligence, and final transaction documentation. Closing of the transaction is expected in June 2023. Reported Earnings • Mar 12
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: kr0.16 (down from kr2.02 in FY 2021). Revenue: kr619.7m (down 32% from FY 2021). Net income: kr5.67m (down 92% from FY 2021). Profit margin: 0.9% (down from 7.7% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 85%. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to kr12.70, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Machinery industry in Europe. Total loss to shareholders of 13% over the past year. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to kr10.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Machinery industry in Europe. Total loss to shareholders of 21% over the past year. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: kr0.03 (vs kr0.30 in 3Q 2021) Third quarter 2022 results: EPS: kr0.03 (down from kr0.30 in 3Q 2021). Revenue: kr136.6m (up 70% from 3Q 2021). Net income: kr903.0k (down 92% from 3Q 2021). Profit margin: 0.7% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Machinery industry in Norway. 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. Employee Representative Director Anita Fjortoft 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. Buying Opportunity • Sep 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be kr12.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 25% over the last year. Earnings per share has declined by 61%. Revenue is forecast to decline by 5.6% in a year. Earnings is forecast to grow by 25% in the next year. Reported Earnings • Sep 01
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: kr0.48 (down from kr1.10 in 2Q 2021). Revenue: kr159.9m (down 47% from 2Q 2021). Net income: kr16.8m (down 56% from 2Q 2021). Profit margin: 11% (down from 13% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 45%. Over the next year, revenue is expected to shrink by 5.6% compared to a 79% growth forecast for the Machinery industry in Norway. Recent Insider Transactions • Jun 30
Director recently bought kr7.3m worth of stock On the 28th of June, Hege Rabben bought around 522k shares on-market at roughly kr14.06 per share. 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 • Jun 04
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: kr0.13 (down from kr0.50 in 1Q 2021). Revenue: kr198.8m (down 35% from 1Q 2021). Net income: kr4.58m (down 74% from 1Q 2021). Profit margin: 2.3% (down from 5.7% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 27% compared to a 76% growth forecast for the industry in Norway. 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. Employee Representative Director Anita Fjortoft 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 • Mar 13
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: kr2.52 (up from kr0.73 in FY 2020). Revenue: kr916.7m (up 42% from FY 2020). Net income: kr88.0m (up 243% from FY 2020). Profit margin: 9.6% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 19% compared to a 78% growth forecast for the industry in Norway. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 18% share price gain to kr15.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Machinery industry in Europe. Negligible returns to shareholders over past year. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: EPS: kr0.24 (down from kr0.69 in 3Q 2020). Revenue: kr80.6m (down 36% from 3Q 2020). Net income: kr8.30m (down 65% from 3Q 2020). Profit margin: 10% (down from 19% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 7.7%. Earnings per share (EPS) missed analyst estimates by 7.7%. Over the next year, revenue is expected to shrink by 6.5% compared to a 71% growth forecast for the industry in Norway. Recent Insider Transactions • Jun 19
Insider recently bought kr80k worth of stock On the 10th of June, Helge Simonnes bought around 5k shares on-market at roughly kr16.05 per share. In the last 3 months, they made an even bigger purchase worth kr102k. Insiders have collectively bought kr182k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 12
Insider recently bought kr80k worth of stock On the 10th of June, Helge Simonnes bought around 5k shares on-market at roughly kr16.05 per share. In the last 3 months, they made an even bigger purchase worth kr102k. Insiders have collectively bought kr182k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 30
Insider recently bought kr102k worth of stock On the 27th of May, Helge Simonnes bought around 6k shares on-market at roughly kr16.97 per share. 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. 공고 • May 29
HAV Group ASA Provides Financial Guidance for the Fiscal Year 2021 HAV Group ASA provided financial guidance for the fiscal year 2021. The company Expects increased revenues with similar EBIT margins (%) for HAV Group in 2021 compared to 2020 levels.