An announcement from Havyard Group ASA ( (DE:1H2) ) is now available.
EQVA ASA reported a robust financial performance for the fourth quarter of 2024, with a 65% increase in full-year group revenues and a significant rise in EBITDA. The Industrial Solutions segment was a key driver of this growth, experiencing high activity and margin improvements. The company announced a landmark acquisition of IMTAS Group, which is expected to enhance its service offerings and market position, particularly in Northern Norway. This acquisition is anticipated to increase EQVA’s revenues by approximately 30%, further solidifying its position as a prominent service provider in the industrial sector.
More about Havyard Group ASA
EQVA ASA is a main-board listed Norwegian compounder company that specializes in acquiring and developing tier-1 companies providing productive, safe, and sustainable services and solutions to leading industrial companies. The company is built on three platforms: EQVA Industrial Solutions, Renewables, and Real Estate, with Industrial Solutions being the primary revenue generator.
YTD Price Performance: 26.39%
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €34.68M
See more insights into 1H2 stock on TipRanks’ Stock Analysis page.