AKVA AKVA Group ASA

AKVA group ASA: Invitation – presentation of the Q3 2024 financial results

AKVA group ASA: Invitation – presentation of the Q3 2024 financial results

AKVA group ASA hereby invites you to the presentation of the Q3 2024 financial results, which will take place as follows:

Time: Friday November 7th, 2024, at 10:00 CET.

Webcast:

A recorded version of the presentation will be available after the live stream is concluded.

The presentation will be held in English and is open to all interested parties.

Dated: 24 October 2024                      

AKVA group ASA

Web:

CONTACTS:

Knut Nesse Chief Executive Officer
Phone:
Mobile:
E-mail:



Ronny MeinkøhnChief Financial Officer
Phone:
Mobile:
E-mail:


EN
24/10/2024

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Reports on AKVA Group ASA

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AKVA group (Buy, TP: NOK85.00) - Strong Q3 and positive outlook

Underlying Q3 EBITDA of NOK128m was 14% above our estimate, driven by Sea Based, which saw high activity leading to economies of scale in addition to a strong product mix. Despite slightly soft order intake for Sea Based, guidance for 2024–2025 was unchanged. Management comments for strong Q4 order intake bode well for Q1, in our opinion. We reiterate our BUY and have raised our target price to NOK85 (80) on higher estimates and peer group valuations.

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