Record high order intake for sea-based aquaculture
Akva Group experienced a significant increase in order intake for sea-based technology in the fourth quarter of 2024, driven by demand for deep-sea aquaculture solutions.
Published
At the same time, the company reports improved profitability in the land-based segment and aims for significant revenue growth in 2025.
This is revealed in the company's Q4 report.
In the fourth quarter, the company had a turnover of 792 million kroner, a decrease of 1% compared to the same period in 2023. However, EBITDA increased from 41 million kroner to 76 million kroner.
Demand for deep operations
Akva Group reports a record-high order intake for sea-based technology, reaching 946 million kroner, mainly driven by sales of solutions for deep-sea farming. The total order intake for the quarter was 1.1 billion kroner, an increase from 718 million kroner in the same period in 2023. The order book at the end of December 2024 was 2.7 billion kroner.
The company has also signed a contract with Cermaq Chile for a smolt facility valued at approximately 30 million euros, and a contract with Laxey (subject to financing) for recycling technology for a farming facility valued at approximately 20 million euros. Both of these contracts are expected to have a positive impact on revenue in 2025.
AKVA group states that they aim to achieve a revenue of approximately 4 billion kroner and an EBIT margin of 6% in 2025. They will also pay a dividend of 1 krone per share in the first half of 2025.
AKVA group states that they are optimistic about the future, with expectations of strong salmon prices and a normalisation of the post-smolt market in Norway in 2025. The company will continue to invest in and develop its solutions across all three segments. They will also hold a capital markets day on 12 June 2025.
