reports
Vow ASA: Vow receives payment for Early Production Line at VGM’s Hønef...
Vow ASA: Vow receives payment for Early Production Line at VGM’s Hønefoss plant Vow ASA (OSE: VOW) is pleased to note that its customer Vow Green Metals (VGM) today confirmed that it has secured lease financing with SpareBank 1 SR-Bank (SR-Bank) for its Early Production Line at Hønefoss. With the leasing arrangement confirmed, Vow will receive payment for its deliveries to the Early Production Line, and free up in excess of NOK 40 million in cash in the second quarter this year. Working capital will be reduced with a similar amount. As previously informed, the Early Production Line has th...
Vow ASA: Invitation to Vow ASA first quarter 2024 presentation and Q&A
Vow ASA: Invitation to Vow ASA first quarter 2024 presentation and Q&A Vow ASA (OSE: VOW) is pleased to invite shareholders, investors, analysts, and other interested parties to a presentation of the results for the first quarter of 2024 at 09:00 CET on Tuesday May 14, 2024. 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 following link into your browser, click Attend and register your e-mail: /landingpage/vowasa/20240514_1/ For further informatio...
Vow ASA: Notice of Annual General Meeting
Vow ASA: Notice of Annual General Meeting Vow ASA's Annual General Meeting will be held on Thursday 23 May at 13.00 hrs. (CEST). The notice of the Annual General Meeting is enclosed and is also being sent to the company's shareholders. The Company encourages shareholders to either vote electronically in advance or submit proxy forms prior to the meeting. Please find attached the calling notice with appendices, including relevant attendance and proxy forms. Advance votes may be registered through the Company’s website (use ref.nr and pin code included in the notice) or throug...
VOW ASA: Annual and Sustainability Report 2023
VOW ASA: Annual and Sustainability Report 2023 Vow ASA has today released its Annual and Sustainability Report for 2023 approved by the Board of Directors. Find enclosed the report together with an ESEF file version. The report is also made available at the company's website under investor relations: For more information, please contact: Henrik Badin, CEO, Vow ASATel: Email: Tina Tønnessen, CFO, Vow ASATel: +47 406 39 556Email: About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leading solutions ...
Vow ASA: Significant change order confirmed
Vow ASA: Significant change order confirmed Oslo, 4 April 2024: Vow ASA (OSE: VOW) Scanship AS has achieved a significant milestone today by securing a change order worth EUR 2.1 million from a prominent European shipyard. This is a change order to two existing contracts in the company’s backlog. With this change order, the total scope of the largest contract now amounts to EUR 10.4 million, ranking it as the largest single technology supply contract ever awarded to Scanship for a cruise ship under construction. “This is more than double the average size of contracts only a few years bac...
Vow ASA: ABOUT VOW’S ACCOUNTS FROM 2019
Vow ASA: ABOUT VOW’S ACCOUNTS FROM 2019 Vow has received questions suggesting that recent media coverage and an analyst report have left the impression that Vow from 2019 has misreported cost. This is not correct. Apparently, the analysis and the media report have overlooked that the company has capitalised relevant development costs during the period. Since 2019 Vow has successfully introduced new internally generated technology and entered into new markets. For selected contracts that have required new technology, some operational expenditures related to R&D has been capitalized. High ...
Vow ASA: Contract wins in heat intensive sector
Vow ASA: Contract wins in heat intensive sector Oslo/Fredrikstad, 6 March 2024: Vow ASA (OSE: VOW) subsidiary C.H. Evensen continues to prove its relevance in the heat intensive industry sector, this by being awarded NOK 30 million of contracts to undisclosed blue chip recurring customers in Europe. The bidding activity continues to be high in Vow’s Heat Solutions division, and the order backlog within this division now stands at around NOK 110 million of which a substantial part will convert to revenue in 2024 with robust margins. Faced with high costs for energy and emissions, companies...
VOW ASA: FULL YEAR 2023 PRESENTATION
VOW ASA: FULL YEAR 2023 PRESENTATION Oslo, 29 February 2024: Vow ASA (OSE: VOW) yesterday published the report for the full year and second half of 2023. Today, on Thursday, 29 February at 09:00 CET, CEO Henrik Badin and CFO Tina Tønnessen will present and comment the results. The presentation material is attached to this release. The session will be held at Haakon VII's gate 2, 0161 Oslo. Participants are welcome to join in person or via livestream. The streaming link will also be available for replay after the event. The session will be held in English. To register and join the webcast,...
Vow ASA: Full year and second half of 2023 results
Vow ASA: Full year and second half of 2023 results Oslo, 28 February 2024: Vow ASA (OSE: VOW) revenues for the full year 2023 were NOK 918.5 million, a 17 per cent increase from the year before. EBITDA before non-recurring items was negative NOK 23.4 million for the full year. In addition, the company recorded non-recurring items of negative NOK 31.3 million, mainly related to non-cash balance sheet clean-up in contract accruals. This resulted in a negative EBITDA for the year of NOK 54.7 million versus a positive NOK 85.5 million in 2022. “The year 2023 was a year of high activity and r...
Vow ASA: Invitation to Vow ASA second half year 2023 presentation and ...
Vow ASA: Invitation to Vow ASA second half year 2023 presentation and Q&A Oslo, 22 February 2024: Vow ASA (OSE: VOW) will release its report for the second half of 2023 on Thursday 29 February 2024 at around 07:00 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, 0161 Oslo. The session will also be streamed via webcast. To register and follow the pres...
Vow ASA: Vow secures EUR 19.3 million cruise order and option
Vow ASA: Vow secures EUR 19.3 million cruise order and option Vow ASA (OSE: VOW) subsidiary Scanship AS has been awarded a contract with a major European shipyard to deliver technology on what will be one of the world’s largest cruise ships under construction. The contract covers equipment delivery in 2024 for a first ship and was first mentioned by Vow as an option in 2019. According to the new contract, the customer may order similar equipment for delivery to yet another ship in 2025. The total combined value of the firm order and the option for delivery to a second ship is EUR 19.3 mil...
Vow ASA: Disclosure of Significant Shareholding under the Norwegian Se...
Vow ASA: Disclosure of Significant Shareholding under the Norwegian Securities Trading Act Trethom AS (“Trethom”) has on 6 February 2024 acquired 244 852 shares and voting rights in Vow ASA (“Vow”). Trethom owns together with related associates, total shareholding of 5 926 829 (5.16 %) shares and voting rights. For more information, please contact: Henrik Badin, CEO, Vow ASA Tel: Email: Tina Tønnessen, CFO, Vow ASA Tel: +47 406 39 556 Email: About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leadin...
Vow ASA: More heat treatment orders confirmed
Vow ASA: More heat treatment orders confirmed Vow ASA (OSE: VOW) subsidiary C.H. Evensen Industriovner (C.H. Evensen), a specialist in heat treatment solutions for industry, has been awarded three orders with a combined value of NOK 15 million. “We continue to experience strong demand for our highly energy efficient heat treatment solutions from customers in industry. One of the three recent orders, for delivery of a hot-dip galvanizer, is with a customer in the Zürich area. The other two are with the Norwegian industrial groups Norsk Hydro and Sintef, respectively,” said Henrik Wulff, Ma...
Vow ASA – Completes sale of French subsidiary Ascodero
Vow ASA – Completes sale of French subsidiary Ascodero Vow (OSE:VOW) has successfully completed sale of Ascodero, a specialised robotics company owned by Vow’s French subsidiary ETIA. It is the expectation of both Vow and the buyer, that Ascodero’s unique potential for growth can be more easily realised under the new ownership. “With this transaction, Vow frees up management capacity and financial and other resources which will be directed towards its core markets in industrial decarbonisation and the circular economy, markets with a significant unmet demand for our technology going forwa...
Correction: Vow ASA - Extraordinary General Meeting in Vow ASA conclud...
Correction: Vow ASA - Extraordinary General Meeting in Vow ASA concluded The EGM in Vow has been concluded, and the board of directors was elected pursuant to the recommendation from the nomination committee, as follows:- Narve Reiten, chairman- Susanne Schneider, director- Bård Brath Ingerø, director- Cecilie Lind, director- Egil Haugsdal, directorThe minutes from the EGM are attached.For more information, please contact: Henrik Badin, CEO, Vow ASATel: Email: Tina Tønnessen, CFO, Vow ASATel: +47 406 39 556Email: About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia ...
Vow ASA: Extraordinary General Meeting in Vow ASA concluded
Vow ASA: Extraordinary General Meeting in Vow ASA concluded The EGM in Vow has been concluded, and the board of directors was elected pursuant to the recommendation from the nomination committee, as follows:- Narve Reiten, chairman- Susanne Schneider, director- Bård Brath Ingerø, director- Cecilie Lind, directorThe minutes from the EGM are attached.For more information, please contact: Henrik Badin, CEO, Vow ASATel: Email: Tina Tønnessen, CFO, Vow ASATel: +47 406 39 556Email: About Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollut...
Vow ASA – Capital markets update
Vow ASA – Capital markets update In a capital markets update today, Vow ASA ("Vow" or the "company") introduces a target to reach a normalised EBITDA margin of 15 per cent during the second half of 2024 and a comprehensive plan for controlled and profitable growth. Today’s session also includes a business deep dive into Vow’s key industry verticals with guest speakers from Outokumpu, Circon Energy and Vow Green Metals. “Vow's current backlog holds potential for significant cash flow going forward owing to the strong demand from customers in multiple industries, and the company is positioni...
Vow ASA: Vow in position for Caribbean carbon recycling project
Vow ASA: Vow in position for Caribbean carbon recycling project Vow ASA (ticker OSE:VOW) has signed a long-term cooperation agreement and a long-term equipment supply agreement and been selected to be the exclusive provider for large-scale Carbon Refinery® projects expected to break ground in the Caribbean in 2024. The agreements are entered into with Circon Energy LLC (Circon) and its sister company ReCO2, LLC (ReCO2) respectively. Multiple projects are under advanced development, the first of which will deploy 19 lines of Vow’s equipment to process feedstocks into low-carbon fuels, bioc...
Vow ASA: Invitation to Capital Markets Update 28 November 2023
Vow ASA: Invitation to Capital Markets Update 28 November 2023 Vow ASA (OSE: VOW) is pleased to confirm and invite shareholders, investors, analysts, and other interested parties to its Capital Markets Update on 28 November 2023. The sessions will be streamed. Attendance in person is welcome. Where: Haakon VIIs gate 2 in OsloWhen: 28 November 2023 from 09:00 to 10:30 CET. From the agenda:- Q3 trading update - Business deep dive- Outlook Henrik Badin, Chief Executive Officer of Vow, will host the session. Other speakers include Chief Financial Officer Tina Tønnessen and other ...
Vow ASA: Capital Markets Update 28 November – Save the date
Vow ASA: Capital Markets Update 28 November – Save the date Vow ASA (OSE: VOW) is pleased to invite investors, analysts, and other stakeholders to a capital markets update with information about the company’s financial status, markets and outlook. Date: 28 November 2023 Venue: Haakon VIIs gate 2, Oslo (Norway) You can attend the event in person or participate via a live webcast. More information about the agenda and practical details on how to watch the stream will follow later. We look forward to welcoming you and hope to see you in Oslo or online. For more information, please conta...
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