reports
Vow ASA: Restatement of EBITDA in the Q1 2025 report and expected one-...
Vow ASA: Restatement of EBITDA in the Q1 2025 report and expected one-off EBITDA charge in the H1/Q2 2025 accounts Oslo, 15 July 2025: Reference is made to the publication of Vow ASA’s (the "Company") (OSE ticker: VOW) Q1 2025 report published 28 May 2025 (the "Q1 Report"). The Company has identified a technical accounting error in the Q1 Report, resulting in an overstatement of NOK 16 million in the EBITDA reported for the period, primarily affecting the Industrial segment. In addition, the Company expects to record a one-off EBITDA charge in the H1/Q2 2025 accounts for an amount in the ra...
Vow ASA: Vow receives settlement for VGM shares and loan repayment
Vow ASA: Vow receives settlement for VGM shares and loan repayment Oslo, 30 June 2025 | Vow ASA (OSE: VOW) is pleased to confirm receipt of settlement for the sale of its shares held in Vow Green Metals AS (“VGM”), and that the convertible loan to VGM has been repaid in full. Reference is made to the stock exchange announcement published 16 May 2025, stating that Vow ASA (“Vow”, “the Company”) has undertaken to accept the Offer made by Midas Industri AS (“HitecVision”) to acquire all the shares in Vow Green Metals AS (“VGM”). Today, Vow has received net proceeds of NOK 35.1 million from ...
Vow ASA: Notification of trade by primary insider
Vow ASA: Notification of trade by primary insider Cecilie Brænd Hekneby, CFO in Vow ASA, has purchased 220 000 shares. After this transaction, Mrs. Hekneby and close associates own 2 571 311 shares in the Company. About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, p...
Vow ASA: Notification of trade by close associate of primary insider
Vow ASA: Notification of trade by close associate of primary insider Ulf Tore Hekneby, close associate of Cecilie Brænd Hekneby, CFO in Vow ASA, has purchased 81 311 shares. After this transaction, Mr. Hekneby and close associates own 2 351 311 shares in the Company. About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonis...
Vow Q1: Extended loan facility and adjusted covenant structure
Vow Q1: Extended loan facility and adjusted covenant structure Oslo, 28 May 2025 – Vow ASA (OSE: VOW) has extended the maturity of its loan facilities by 12 months, to Q3 2027, and amended covenants with improved headroom. Further, the guarantee facility increased from NOK 80 million to NOK 100 million. For more details, please see note 2 in the Trading update report for Q1 2025 published as a separate stock exchange announcement today. For more information, please contact: Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826...
Vow Q1: Key indicators improved, work remains to ensure long-term sust...
Vow Q1: Key indicators improved, work remains to ensure long-term sustainable profitability Oslo, 28 May 2025 – Vow ASA (OSE: VOW) had revenues of NOK 260.8 million in the first quarter of 2025, up 12.3 per cent from NOK 232.3 million in the same quarter last year. EBITDA before non-recurring cost was NOK 13.2 million, up from NOK 5.6 million in Q1 2024. Both the Maritime Solutions and the Aftersales segments delivered double digit EBITDA margins, while the Industrial Solutions segment continued to be impacted by delayed order intake. Group EBITDA margin in the quarter improved from 2.4 p...
Vow ASA: Invitation to Vow ASA first quarter 2025 presentation and Q&A
Vow ASA: Invitation to Vow ASA first quarter 2025 presentation and Q&A Vow ASA (OSE: VOW) will release its report for the first quarter of 2025 on Wednesday 28 May 2025. The update will be published on / and on the company's web site Vow ASA is pleased to invite shareholders, investors, analysts, and other interested parties to a presentation of the results and a Q&A at 09:00 CET on the same day. Personal attendance is welcomed at Haakon VII's gate 2, 0161 Oslo. The session will also be streamed via webcast. To register and follow the presentation online, please copy and paste the foll...
Vow ASA: Annual General Meeting 2025 concluded
Vow ASA: Annual General Meeting 2025 concluded The annual general meeting of VOW ASA has today approved all of the proposed resolutions in the notice of the general meeting dated 29 April 2025. The minutes from the general meeting are enclosed as appendices to this notice. For more information, please contact: Cecilie Brænd Hekneby, CFO, Vow ASATel: Email: About Vow ASA Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy ...
Vow ASA – Vow supports proposed new strategic ownership of VGM with un...
Vow ASA – Vow supports proposed new strategic ownership of VGM with undertaking to tender its shares in the company NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE PRIOR APPROVAL Vow ASA ("Vow" or the "Company") refers to the stock exchange announcement made earlier today by Vow Green Metals AS ("VGM") and Midas Industri AS, a newly incorporated Norwegian private limited liability company indirectly owned by HitecVision New Energy Fund 2 SCSp, regarding...
Vow ASA: Gunnar Pedersen to assume CEO role on 19 May 2025
Vow ASA: Gunnar Pedersen to assume CEO role on 19 May 2025 Oslo, 7 May 2025 – With reference to the announcement made on 5 February 2025 regarding the appointment of Gunnar Pedersen as the new Chief Executive Officer of Vow ASA, the company is pleased to confirm that Mr. Pedersen will assume the role earlier than initially scheduled. He will take up his position as CEO effective 19 May 2025. Mr. Pedersen brings extensive leadership experience from the maritime and industrial sectors, most recently serving as Executive Vice President, Automation & Control at Kongsberg Maritime. “We are ver...
VOW ASA: Annual and Sustainability Report 2024
VOW ASA: Annual and Sustainability Report 2024 Vow ASA has today published its Annual and Sustainability Report for 2024, as approved by the Board of Directors. The report, including the ESEF file, is enclosed and is also available on the company’s website: under Investor Relations: /investor/results-reports. Subsequent to year-end, the Group recognised a non-cash impairment loss on its investment in Vow Green Metals AS. In connection with events occurring after the reporting period, management concluded that the quoted share price as of 31 December 2024 represents the best estimate of f...
VOW ASA: Notice of Annual General Meeting in VOW ASA 2025
VOW ASA: Notice of Annual General Meeting in VOW ASA 2025 Oslo, 29 April 2025: The Annual General Meeting of VOW ASA (the "Company") will be held on Tuesday 20 May 2025 at 09:00 hours (CEST). The meeting will be held electronically through the general meeting portal LUMI AGM. The notice, with agenda for the General Meeting, including registration form and proxy (which will be sent to the shareholders with known addresses today, 29 April 2025) is attached to this disclosure. The notice and all other documents related to the items to be considered at the annual general meeting will be avail...
Vow ASA: Notification of trade – primary insider
Vow ASA: Notification of trade – primary insider Thomas Borgen, who is Chair of board of Vow ASA has purchased 250 000 shares. After this transaction, Mr. Borgen and close associates owns 776 291 shares in the Company. About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage ...
Vow ASA: Grant of synthetic options
Vow ASA: Grant of synthetic options Oslo, 4 March 2025: Reference is made to the exchange announcement published by Vow ASA (the "Company") on 5 February 2025 regarding the appointment of Gunnar Pedersen as its new Chief Executive Officer, effective no later than 1 August 2025. Mr. Pedersen has today been granted synthetic options equivalent to a value of NOK 1,000,000. The options are to be cash settled, subject to a 3-year term, a strike price of NOK 4 and customary terms and conditions. This information is subject to the disclosure requirements pursuant to section 4.2.4(1) no. 1 of the ...
Vow ASA: Full year and second half of 2024 results
Vow ASA: Full year and second half of 2024 results Oslo, 27 February 2025: Vow ASA (OSE: VOW) achieved revenues for the full year 2024 of NOK 1 018.2 million, corresponding to an 11 per cent increase from the year before. EBITDA before non-recurring items was NOK 61.1 million for the full year, compared with negative NOK 23.4 million in 2023. "2024 marked a significant milestone for Vow, as the company exceeded NOK 1 billion in annual turnover. EBITDA showed a significant shift to positive in 2024 even if we were still burdened by low margins in legacy projects in the cruise sector and too...
Vow ASA: Invitation to Vow ASA second half 2024 presentation and Q&A
Vow ASA: Invitation to Vow ASA second half 2024 presentation and Q&A Oslo, 24 February 2025: Vow ASA (OSE: VOW) will release its report for the second half of 2024 on Thursday 27 February 2025 at 08:00 CET. The update will be published on and on the company’s web site . Vow ASA is pleased to invite shareholders, investors, analysts, and other interested parties to a presentation of the results and a Q&A at 09:00 CET on the same day. Personal attendance is welcomed at Haakon VII's gate 2 in Oslo. The session will also be streamed via webcast. To register and follow the presentation online...
Vow ASA: Secures retrofit contract in cruise
Vow ASA: Secures retrofit contract in cruise Oslo, 20 February 2025: Vow ASA (OSE: VOW) subsidiary Scanship AS has won a EUR 3.4 million contract to provide equipment for a cruise ship retrofit in Europe. The equipment will be delivered to the shipyard in the first quarter 2026. The work scope may be extended to include installation of the same equipment. This is being tendered as a separate contract. “This is a key strategic win as it is our first retrofit project with this customer. We have worked with them on several newbuild projects in the past and know them well. They have signalled...
Vow ASA appoints Cecilie Brænd Hekneby as CFO and Jonny Hansen as Inte...
Vow ASA appoints Cecilie Brænd Hekneby as CFO and Jonny Hansen as Interim CEO Oslo, 19 February – Vow ASA has appointed Cecilie Brænd Hekneby as its new Chief Financial Officer (CFO), effective 15 May 2025. In this role, she will oversee financial strategy, reporting, capital structure and investor relation, supporting the company's long-term growth and strategic goals. Ms. Hekneby brings extensive financial leadership experience across multiple industries. She joins Vow from Spir Group ASA, where she served as CFO and played a key role in driving the company’s strategic initiatives. Prior...
Vow ASA: New cruise newbuild order confirmed, with options for two mor...
Vow ASA: New cruise newbuild order confirmed, with options for two more Oslo, 14 February 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship has received a purchase order from a major European shipyard worth EUR 10.9 million. Deliveries starting late 2025 and throughout 2026. This order was first mentioned as an option in a stock market announcement on 8 February 2024. According to the new agreement, the customer may order similar equipment for delivery to two similar ships later. “This contract and options confirm that leading cruise operators are investing in bigger ships and t...
Vow ASA appoints Gunnar Pedersen as New CEO
Vow ASA appoints Gunnar Pedersen as New CEO Oslo, 5 February 2025 – Vow ASA is pleased to announce the appointment of Gunnar Pedersen as its new Chief Executive Officer, effective no later than 1 August 2025. Gunnar Pedersen brings extensive leadership experience from the maritime and industrial sectors. He is currently Executive Vice President, Automation & Control at Kongsberg Maritime, and he has worked within the Kongsberg Group since 2002. Throughout his tenure, he has held several senior positions, including Executive Vice President, Technology at Kongsberg Maritime and Senior Vice...
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