In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as HAV Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Earnings and Revenue Growth Forecasts

OB:HAV - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
9/30/2024	569	-78	-81	-75	N/A
6/30/2024	627	-78	-127	-113	N/A
3/31/2024	634	-12	-99	-82	N/A
12/31/2023	617	-4	-32	-5	N/A
9/30/2023	630	4	16	52	N/A
6/30/2023	574	24	3	31	N/A
3/31/2023	533	-18	-69	-45	N/A
12/31/2022	622	0	-87	-72	N/A
9/30/2022	720	26	-85	-75	N/A
6/30/2022	664	36	23	35	N/A
3/31/2022	808	57	193	205	N/A
12/31/2021	917	71	261	275	N/A
9/30/2021	835	78	280	300	N/A
6/30/2021	881	91	154	171	N/A
3/31/2021	764	48	49	67	N/A
12/31/2020	643	22	-20	-2	N/A
9/30/2020	615	-62	-2	10	N/A
12/31/2019	813	-70	102	134	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HAV's forecast earnings growth is above the savings rate (2.4%).

Earnings vs Market: Insufficient data to determine if HAV's earnings are forecast to grow faster than the Norwegian market

High Growth Earnings: Insufficient data to determine if HAV's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if HAV's revenue is forecast to grow faster than the Norwegian market.

High Growth Revenue: Insufficient data to determine if HAV's revenue is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if HAV's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/17 10:20
End of Day Share Price	2024/12/17 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HAV Group ASA is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jørgen Torstensen	Fearnley Securities

HAV Group Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 149%

HAV Group ASA Provides Financial Guidance for the Fiscal Year 2021

Recent updates

HAV Group ASA, Annual General Meeting, May 27, 2025

HAV Group ASA to Report Fiscal Year 2024 Final Results on Apr 30, 2025

Director recently bought kr85k worth of stock

Benign Growth For HAV Group ASA (OB:HAV) Underpins Its Share Price

Third quarter 2024 earnings released: kr0.54 loss per share (vs kr0.53 loss in 3Q 2023)

Director recently bought kr93k worth of stock

Second quarter 2024 earnings released: kr0.20 loss per share (vs kr1.68 profit in 2Q 2023)

First quarter 2024 earnings released: kr0.61 loss per share (vs kr0.38 loss in 1Q 2023)

HAV Group ASA's (OB:HAV) CEO Will Probably Struggle To See A Pay Rise This Year

HAV Group ASA's (OB:HAV) Shares Lagging The Industry But So Is The Business

Full year 2023 earnings released: EPS: kr0.03 (vs kr0.014 loss in FY 2022)

Is HAV Group (OB:HAV) Using Too Much Debt?

New minor risk - Share price stability

Returns Are Gaining Momentum At HAV Group (OB:HAV)

Even With A 28% Surge, Cautious Investors Are Not Rewarding HAV Group ASA's (OB:HAV) Performance Completely

HAV Group ASA to Report Fiscal Year 2023 Final Results on Apr 30, 2024

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 149%

It's A Story Of Risk Vs Reward With HAV Group ASA (OB:HAV)

Hav Group Asa Announces Management Changes

First quarter 2023 earnings released: kr0.38 loss per share (vs kr0.13 profit in 1Q 2022)

HAV Group Announces New Board Member

HAV Group ASA (OB:HAV) agreed to acquire Undheim Systems As from Stein Magnus Undheim.

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 27%

The Trend Of High Returns At HAV Group (OB:HAV) Has Us Very Interested

HAV Group ASA to Report Q4, 2023 Results on Mar 15, 2024

Third quarter 2022 earnings released: EPS: kr0.03 (vs kr0.30 in 3Q 2021)

No independent directors

Now 20% undervalued after recent price drop

Returns on Capital Paint A Bright Future For HAV Group (OB:HAV)

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Director recently bought kr7.3m worth of stock

HAV Group ASA (OB : HAV) agreed to acquire Høglund Marine Solutions AS.

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

HAV Group ASA (OB:HAV) agreed to acquire remaining 22.72% stake in Norwegian Greentech As from Visimo As.

HAV Group ASA Receives Preliminary Approval for Hydrogen-Based Energy System for Ships