AKVA Group (AKASF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning and very much welcome to the Q3 presentation for AFA Group. I will do the introduction and the highlights. Ronny Meinkoen, the CFO, will do the financial performance and then followed by a Q&A session. So please post any questions you might have and our moderator will read your question. The highlights for the third quarter. Solid quarterly revenue of 1.1 billion. and EBIT of 89 million NOK. Just into the fourth quarter, early October, we were awarded the RAS contract from Tysklandsvik, Akva, with estimated contract value of 220 million NOK. Order intake is expected to be strong in Q4, providing a solid foundation for continued revenue growth into 2026. And Aqua is confident to deliver on 2025 revenue and EBIT guidance of minimum 4 billion and 6% respectively. Let's go straight to the numbers. Revenue for the quarter was 1.1 billion. EBITDA came in at 148 million and EBIT at 89 million. This is representing our best third quarter ever and we are pleased with both the activity level and the financial performance. Year-to-date revenue of 3.3 billion, EBITDA of 406 million and EBIT of 236 million. This is representing a 20% increase in revenue year-on-year. and also our best financial performance ever. So we are pleased with that. Let's look into order intake and order backlog. Order intake of 786 in total, which is on the soft side for Q3, above the level as a year ago. And please be aware that there is a seasonality in the order intake pattern. Saying that, we expect Q4 this quarter to be very strong, significantly stronger than the same quarter a year ago, which was 1.1 billion. And that will secure a good momentum for continuous growth into 2026. versus 25. And this statement is based on actual sales we have seen now in October and...