reports
- Patrik Ling
Alvotech (Buy, TP: USD21.00) - Yet another strong quarter
Despite another profitable quarter, the YTD performance and Q4 outlook comments, Alvotech reiterated its full-year sales guidance with the Q3 results, which seems slightly conservative to us. The pipeline is evolving as expected, and we believe several new products should reach the market in the coming years, with the biosimilar to Stelara slated for a US launch in late February. We reiterate our BUY and USD21 target price.
AKVA Group ASA: 1 director
A director at AKVA Group ASA maiden bought 15,000 shares at 67.200NOK and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years...
AKVA group ASA: Mandatory notification of trade
AKVA group ASA: Mandatory notification of trade OleMa AS, a company controlled by board member and primary insider Tore Rasmussen, has today acquired 15,000 shares in AKVA group ASA (the “Company”) at a price of NOK 67,20 per share. Following this transaction, Mr. Rasmussen and related parties own 15,000 shares in the Company. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and Regulation (EU) 596/2014 (MAR) article 19. Dated: 15 November 2024AKVA group ASA Web: CONTACTS: Knut Nesse Chief Executive OfficerPh...
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
- Ola Trovatn
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.
AKVA group ASA: Update on intragroup merger with AKVA group Software A...
AKVA group ASA: Update on intragroup merger with AKVA group Software AS and Polarcirkel AS Klepp, 7 November 2024: Reference is made to the stock exchange announcement by AKVA group ASA (AKVA) on 26 September 2024 regarding the entering into of merger plans for the intragroup mergers of AKVA's wholly owned subsidiaries AKVA group Software AS and Polarcirkel AS, both as non-surviving entities (the Subsidiaries), with AKVA as the surviving entity. Due to accounting purposes relating to the timing of completion of the mergers, the board of directors of AKVA and the Subsidiaries have today res...
AKVA group ASA: Q3 2024 financial reporting
AKVA group ASA: Q3 2024 financial reporting Strong financial performance driven by Sea Based AKVA group delivered high quarterly revenue in Q3 2024 of MNOK 1,011 (817). Adjusted for the gain of MNOK 76 related to the Observe transaction, the revenue was MNOK 936 and 14,5% higher compared to Q3 2023. EBITDA was MNOK 199 in Q3 2024. Adjusted for the net gain of NOK 71 related to the Observe transaction EBITDA was MNOK 128 compared to MNOK 78 in Q3 2023. Total order intake of MNOK 803 (600) in Q3 2024 and order backlog was BNOK 2,4 at the end of September 2024. C...
AKVA group ASA: Extension of incentive plan
AKVA group ASA: Extension of incentive plan The board of directors (the "Board") of AKVA group ASA ("AKVA" or the "Company") has resolved to extend the incentive plan (the "Incentive Plan") for senior management of AKVA. The overall purpose of the Incentive Plan is to ensure aligned interest between senior management employees and shareholders in the current business environment, and to reward long-term and dedicated work, which is deemed to be of value to AKVA and its shareholders. The extended Incentive Plan will be on the same terms as the current plan, as approved by the Company's a...
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
- Ola Trovatn
AKVA group (Buy, TP: NOK80.00) - Attractive entry point
We expect Q3 EBITDA of NOK112m (11.2% margin), EBIT of NOK62m (6.2% margin) and order intake of NOK969m (0.97x book-to-bill, no quarterly consensus available). With Land Based profitability set to return and Sea Based to be boosted by strong Deep Farming KPIs, together with the share price down by c13% since April, we have upgraded to BUY (HOLD) and raised our target price to NOK80 (75). We believe management’s top priorities should be group capital discipline, and Land Based pricing discipline ...
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
Correction: AKVA group ASA: Invitation – presentation of the Q3 2024 f...
Correction: 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: Thursday 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 OfficerPhone: Mobile...
AKVA group ASA: Invitation – presentation of the Q3 2024 financial res...
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 OfficerPhone: Mobile: E-mail: Ronny MeinkøhnC...
AKVA group ASA: Letter of Intent with Cermaq Chile
AKVA group ASA: Letter of Intent with Cermaq Chile AKVA group ASA (“AKVA”) is pleased to announce that a Letter of Intent (“LOI”) has been awarded from Cermaq Chile S.A (“Cermaq”) related to a RAS contract for the new smolt facility in the Los Lagos Region in Chile. AKVA will start with engineering and site work during Q4 2024. The value of the contract linked to the LOI is approximately MEUR 30. The final contract is expected to be awarded from Cermaq during Q4 2024. Dated: 22 October 2024AKVA group ASA Web: CONTACTS: Knut Nesse Chief Executive OfficerPhone: Mobi...
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
AKVA group ASA: Employee representatives to the Board of Directors
AKVA group ASA: Employee representatives to the Board of Directors Klepp, 3 October 2024: The employees of AKVA group ASA (AKVA) and its Norwegian group subsidiaries have carried out an election for employee representatives to the Board of Directors of AKVA. The following employee representatives have been elected: Employee representativesJohn Morten Kristiansen, Logistics Coordinator (re-elected)Mona Skåtøy Skadberg, Department Manager for Service (re-elected)Odd Jan Håland, Service Manager (re-elected) Deputy employee representativesMathias Bergersen Aag, Production Worker Boats,...
AKVA group ASA: Intragroup merger with AKVA group Software AS and Pola...
AKVA group ASA: Intragroup merger with AKVA group Software AS and Polarcirkel AS Klepp, 26 September 2024: The boards of directors of AKVA group ASA (AKVA) and its wholly owned subsidiaries AKVA group Software AS and Polarcirkel AS have today entered into merger plans for the mergers of AKVA group Software AS and Polarcirkel AS (both as the non-surviving entities) with AKVA (as the surviving entity). The purpose of the mergers is to simplify the corporate structure in the group. At completion of the mergers, AKVA will acquire all assets, rights and liabilities of AKVA group Software ...
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
- Alexander Aukner
LSG LEROY SEAFOOD GROUP ASA
AUSS AUSTEVOLL SEAFOOD ASA
AKVA AKVA GROUP ASA
SALM SALMAR ASA
GSF GRIEG SEAFOOD ASA
MOWI MOWI ASA
BAKKA BAKKAFROST P/F
SALMOCAM SALMONES CAMANCHACA SA
IFISH ICE FISH FARM AS
ASA ATLANTIC SAPPHIRE
SALME SALMON EVOLUTION HOLDING
KING THE KINGFISH COMPANY NV
AKBM AKER BIOMARINE
ISLAX ARNARLAX AS
AFISH ARCTIC FISH HOLDING AS
MAS MÅSØVAL
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