Norwegian aquaculture services and equipment provider AKVA Group reported big spikes in EBITDA and profits during the third quarter of 2024.
Delivering the group’s Q3 2024 results on 7 November 2024, AKVA CEO Knut Nesse confirmed that the firm received orders totaling NOK 803 million (USD 73.4 million, EUR 68.2 million) in Q3 2024, representing a year-over-year increase of NOK 203 million (USD 18.5 million, EUR 17.2 million). At the end of the period, it had an order backlog of NOK 2.4 billion (USD 219.3 million, EUR 203.8 million).
AKVA’s EBITDA climbed NOK 50 million (USD 4.6 million, EUR 4.2 million) to NOK 128 million (USD 11.7 million, EUR 10.9 million). Its net profit for the period was NOK 88 million (USD 8 million, EUR 7.5 million), versus a loss of NOK 3 million (USD 274,197, EUR 254,826) in Q3 2023.
Nesse added that for the year to date, the group’s revenues stood at more than ...
