And strong revenues with cost related headwinds
According to a preliminary Q2 report, AKVA group is expecting a strong revenue impact by increased costs from high inflation rates, warranty, and cost provisions. EBIT is expected to be negative of MNOK 41 for Q2 22. The strong revenues detail of MNOK 907 in Q2 22, represents an increase of 9% compared to Q2 21.
In addition, estimated MNOK 37 costs are estimated. Due to high inflation rates and supply chain restrictions worldwide driven by the Russia-Ukraine conflict.
Further, the report says that the supply chain restrictions and cost inflations may impact the profitability for the rest of 2022.
During the second quarter presentation expected to be celebrated on August 12th more details will be presented.