AKVA Group (AKASF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning and very much welcome to the AQA second quarter presentation. The program for this morning is that I will do the introduction and the highlight, Ronny Mink and the CFO will do financial performance, and please post any questions during the presentation. It goes straight to the highlights of the second quarter. We had a high quarterly revenue of 1 billion, 189 million. and record high quarterly EBIT of 111 million. We had a strong order intake of NOK 1 billion 345 million and order backlog of approximately 3 billion at the end of the second quarter. A small contract of approximately Euro 28 million was awarded from Luxe in April, subject to financing, which was secured in June. A dividend of one NOC per share will be distributed during the second half of 2026. Strategic review was announced at the start of April to maximize shareholder value. We'll give a comment on that later. Then to the figures of the second quarter. In the first place, it's in line with the trading update we published on July 20th. It's a record high activity level of 1,189,000,000. EBITDA of 179 million NOC. The other segments came in sea-based at 143, land-based at 21, and digital at 15 million NOC. Actually, we are pleased with the activity and the performance in all the segments. EBIT for the Group at 111 million NOC, which is representing our record quarter. Then looking into the figures for the first half, revenue there at 2,329,000,000, which is a ballpark 7% higher than the first half a year ago. EBITDA of 332,000,000 NOX, segment shares EBIT at 242,000,000, land based at 62,000,000 and digital at 67,000,000 NOX. and EBIT at 202 million NOK, which is also representing a record. Overall order intake of 1 billion 345 million, which is about 300 million NOK ...