Despite record revenues, high inflation rates and one-time cost provisions negatively affected AKVA Group's profitability in Q2 2022. The 9% increase in revenues versus the same period last year, totaling NOK 907 million (€92.54 million) was not enough to offset the sharp rise in costs and, as anticipated in early August, it has finally been…
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…
Egersund Net is a part of AKVA group
AKVA group, Egersund Net has announced that is finally started to launch a new net-cleaning service station at Sandstrand, Norway. As a result, the project will be completed early in January 2023.
The initial date was in May but it has been delayed due to difficult contract negotiations,…
The contract value will be EUR 14.3 million
AKVA group ASA has announced that its wholly owned subsidiary, AKVA group Land Based A/S, has signed a post-smolt RAS contract with Cooke Aquaculture. Thereby, the group will strengthen its leading position as a land-based technology provider for both smolt/post-smolt and grow-out markets.
Through a statement, AKVA…
He will start in August
AKVA group has appointed Kristian Botnen as his new COO of Sea Based Nordic. He will be part of AKVA group's corporate management team and start in August.
Before, he was both CEO and COO in Lingalaks. He studied business and management in BI Bergen (Norway) and has an MSc…