HAV Group ASA (DE:6HH) has released an update.
HAV Group ASA has reported a significant increase in order intake to 533 million Norwegian kroner in Q1 2024, boosting its order reserve to a record 1,010 million kroner since its 2021 listing. Despite this growth, the company faced a decrease in EBITDA to -18 million kroner, attributed to low capacity utilization and early-stage contracts. Looking ahead, HAV Group anticipates improved capacity utilization and increased operating revenues in 2024 and 2025, driven by recent contract awards and strong tender activity.
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