The latest update is out from AqualisBraemar ASA ( (GB:0QXF) ).
ABL Group ASA reported its fourth-quarter 2024 results, highlighting a significant increase in revenues to USD 85.9 million compared to the previous year, although operating profits and adjusted EBIT saw a decline. The company completed strategic acquisitions, including Ross Offshore and Hidromod, to expand its service offerings and drive revenue growth. Despite challenges such as lower margins and a slowdown in the offshore wind market, ABL Group remains optimistic about its market positioning and expects stable activity in the offshore oil & gas and maritime sectors, with potential improvements in the offshore wind market in the latter half of 2025.
More about AqualisBraemar ASA
ABL Group ASA is a leading independent global consultancy that provides energy, marine, engineering, and digital solutions to enhance safety and sustainability in the renewables, maritime, and oil and gas sectors. The company operates in 43 countries worldwide under four main brands: ABL, OWC, Longitude, and AGR.
YTD Price Performance: 0.31%
Average Trading Volume: 2,241
Technical Sentiment Consensus Rating: Buy
Current Market Cap: NOK1.28B
Learn more about 0QXF stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com