Norway-based aquaculture technology firm AKVA group held its latest Capital Markets Day on 12 June, at which the company confirmed it has set a revenue target of NOK 5 billion (USD 501.1 million, EUR 432.2 million) for 2027 alongside an EBIT margin of 9 percent.
Of its three business segments, the firm expects most growth to come from its Land Based division, in which the target is to more than double revenue from the NOK 600 million (USD 60.1 million, EUR 51.9 million) earned in 2024 to NOK 1.4 billion (USD 140.3 million, EUR 121 million) in 2027. The target for the Digital segment is to grow revenue from NOK 137 million (USD 13.7 million, EUR 11.8 million) to around NOK 250 million (USD 25.1 million, EUR 21.6 million), and the target for its Sea Based business is to grow its revenues from NOK 2.8 billion (USD 280.6 million, EUR 242 million) to NOK 3.4 billion (USD 340.8 million, EUR 293.9 million) in 2027.
“We were reasonably pleased with last year’s performance, but now we need to look for growth because we have invested a lot and have capacity for more activity than we saw last year. That's why the 2027 target revenue is NOK 5 billion, which happened to be the same 12 percent growth [seen in] 2024, and we think that's realistic,” AKVA CEO Knut Nesse said during the firm’s Capital Markets Day. “We have relatively good visibility through our order backlog, in particular on Land Based, which we expect most of the growth to come from. We have good visibility on the activity level all the way to 2027, but of course, we need to land a few more contracts; we think that can happen. We also expect continuous focus on deep farming and our digital applications. In combination, that's going to give us the NOK 5 billion.”
Even longer term, AKVA has ambitions to reach ...
