An update from Havyard Group ASA ( (DE:1H2) ) is now available.
EQVA ASA reported a strong financial performance for the fourth quarter of 2024, with a 65% increase in full-year group revenues to NOK 1,104 million and a significant rise in EBITDA. The Industrial Solutions segment, driven by BKS, saw a 67% revenue growth, leading to a 145% increase in EBITDA. The company announced a bonus payout in shares for the first time since listing, reflecting its robust performance. EQVA has also acquired the IMTAS Group, aiming to enhance its service offerings and market position, particularly in Northern Norway. This acquisition is expected to boost EQVA’s pro forma revenues by 30%, further solidifying its position as a leading service provider in the piping, mechanical, and power and automation sectors across Norway.
More about Havyard Group ASA
EQVA ASA is a Norwegian company that specializes in acquiring and developing tier-1 companies providing productive, safe, and sustainable services and solutions to leading industrial companies. It focuses on long-term ownership and value creation through sustainable development, growth, and profitability. The company operates primarily through three platforms: EQVA Industrial Solutions, Renewables, and Real Estate, with the Industrial Solutions platform generating over 90% of its revenues.
YTD Price Performance: 30.56%
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €34.92M
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