Havyard Group ASA ( (DE:1H2) ) has shared an announcement.
EQVA ASA reported a strong financial performance in 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 major contributor to this growth, driven by high activity and successful projects, leading to the decision to pay bonuses in EQVA shares for the first time. The acquisition of IMTAS Group is a strategic move to enhance EQVA’s service offerings and market position, expected to increase pro forma revenues by approximately 30% and strengthen its presence in Northern Norway, thereby positioning EQVA as a prominent service provider across Norway.
More about Havyard Group ASA
EQVA ASA is a main-board listed Norwegian compounder company specializing in acquiring and developing tier-1 companies that provide 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 EQVA Industrial Solutions being the primary revenue generator. Key companies under this platform include BKS Group, IMTAS Group, and Kvinnherad Elektro Group.
YTD Price Performance: 30.56%
Average Trading Volume: 1,800
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €34.92M
See more data about 1H2 stock on TipRanks’ Stock Analysis page.