Argeo AS ( (DE:8W20) ) has shared an announcement.
Argeo AS plans a private placement to raise NOK 150 million to finance equipment acquisitions and general corporate purposes, positioning itself for significant contracts in South America. Despite a decline in Q4 2024 revenues, the company has secured several long-term agreements, boosting its expected backlog to USD 190 million and projecting a 30% EBITDA margin, indicating strong future financial prospects.
More about Argeo AS
Argeo AS operates in the maritime and geotechnical services industry, providing integrated site investigations and geotechnical services. The company has a market focus on long-term contracts in regions such as South America and aims to build in-house capabilities to enhance its competitive advantage.
YTD Price Performance: 22.78%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €45.17M
Learn more about 8W20 stock on TipRanks’ Stock Analysis page.