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HAV Group ASA

HAV · OL · Industrials / Marine Shipping

11.20NOK+0.70 (+6.67%)

Price History

Full chart

Market Stats

Previous Close10.50
Open10.45
Day Range10.45 – 11.20
52-Week Range5.40 – 18.30
Volume35.21K
Market Cap420.00M
P/E (TTM)27.91
Forward P/E0.00
EPS0.43
Dividend Yield0.00%
Beta1.14
50-Day Avg13.28
200-Day Avg11.57

About

HAV Group ASA, through its subsidiaries, provides maritime and marine technology and services in Norway, Europe, and internationally. The company operates through five segments: HAV Design, Norwegian Electric Systems, Norwegian Greentech, HAV Hydrogen, and Other/Elimination. It offers ship design, project engineering, and system packages for offshore, transport, and fishing vessels; and manufactures, installs, and supplies electric, hybrid-electric propulsion, integrated automation, and bridge systems, as well as navigation and communication packages, including switchboards, electromechanical products, and automation and safety systems. The company also engages in the design, engineering, and delivery of ballast and process water treatment systems; and supply of zero-emission hydrogen-based energy systems for vessels. It serves offshore wind, oil and gas, ferries and ropax, fishery, aquaculture, and short sea cargo industries. The company was founded in 2020 and is headquartered in Fosnavåg, Norway.

Company Details

  • SectorIndustrials
  • IndustryMarine Shipping
  • CEOMr. Gunnar Larsen
  • Employees158
  • HeadquartersHolmefjordvegen 1, Fosnavåg, Norway, 6090, Norway
  • Websitehttps://www.havgroup.no

Leadership

  • Mr. Gunnar LarsenChief Executive Officer
  • Mr. Pal AurvagChief Financial Officer
  • Mr. Frank-Levi KvalsundChief Human Resources Officer
  • Ole Georg RorhusVice President of Technology
  • Lene Moen KarlsenMarketing & Communications Advisor
  • Ms. Vibeke HanssenChief Marketing Officer
  • Mr. Mert UnlusanManaging Director of NES Turkey
  • Mr. Richard SchofieldManaging Director of HAV Design AS
  • Siv Remoy-VangenManaging Director of Norwegian Electric Systems

Financials

Income Statement

Currency: NOK2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue437.36M597.02M811.07M645.30M915.05M620.34M617.10M758.97M803.04M
Growth (%)-+36.51%+35.85%-20.44%+41.80%-32.21%-0.52%+22.99%+5.81%
Cost of Revenue290.11M494.34M647.90M398.60M753.04M534.92M532.21M696.49M676.34M
Gross Profit147.25M102.68M163.17M246.70M162.02M85.42M84.89M62.48M126.70M
Gross Margin33.67%17.20%20.12%38.23%17.71%13.77%13.76%8.23%15.78%
Operating Expense123.10M46.59M214.40M178.90M71.39M83.46M92.79M113.97M124.71M
Operating Income24.15M56.09M-51.23M67.80M90.63M1.97M-7.90M-51.49M1.98M
Operating Margin5.52%9.40%-6.32%10.51%9.90%0.32%-1.28%-6.78%0.25%
EBITDA31.28M78.19M-37.48M84.40M108.40M25.47M14.03M-17.40M26.23M
EBITDA Margin7.15%13.10%-4.62%13.08%11.85%4.11%2.27%-2.29%3.27%
Net Income16.85M44.48M-69.67M25.70M75.70M-476.00K-4.32M-30.77M1.35M
Net Income Margin3.85%7.45%-8.59%3.98%8.27%-0.08%-0.70%-4.05%0.17%
R&D---6.07M6.92M10.37M19.68M6.36M5.95M
R&D as % of Total Revenue---0.94%0.76%1.67%3.19%0.84%0.74%
Interest Expense06.65M11.00M3.54M3.22M3.36M3.02M3.25M2.68M
Interest Expense % of Total Revenue0.00%1.11%1.36%0.55%0.35%0.54%0.49%0.43%0.33%

Balance Sheet

Currency: NOK2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets461.18M565.33M674.27M750.20M588.50M479.83M427.47M601.33M669.88M
Total Liabilities390.36M509.60M705.42M668.90M436.03M367.29M336.30M514.83M581.82M
Total Equity67.57M51.65M-36.01M76.60M145.05M109.98M88.86M86.78M88.15M
Cash30.95M27.14M52.21M100.00M370.48M217.80M143.34M230.20M191.22M
Net Debt-40.88M38.37M------

Cash Flow

Currency: NOK2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-9.38M37.17M133.70M-2.01M274.75M-70.40M-5.41M100.05M-30.06M
Investing Cash Flow---31.50M-17.09M-13.04M-26.27M---
Financing Cash Flow---76.10M-4.04M80.16M-56.59M---
Capital Expenditure18.48M21.83M1.00M2.37M2.37M4.26M26.51M11.78M10.35M
Free Cash Flow-27.86M15.34M102.16M-54.60M261.32M-85.47M-31.92M88.27M-40.41M
FCF to OCF296.94%41.28%76.41%2715.07%95.11%121.41%589.96%88.23%134.43%

Earnings

Report DateMay 27, 2021Aug 30, 2021Nov 25, 2021Mar 11, 2022May 30, 2022Aug 30, 2022Nov 30, 2022Mar 10, 2023May 24, 2023Aug 29, 2023Nov 24, 2023Mar 13, 2024May 30, 2024Aug 28, 2024Nov 22, 2024Mar 14, 2025May 28, 2025Aug 27, 2025Nov 24, 2025Mar 13, 2026Aug 27, 2026
EPS Estimate0.270.260.260.260.310.330.140.290.330.350.270.310.290.590.500.52-----
EPS Actual0.501.100.241.030.130.480.03-0.480.480.34-0.53-0.73-0.61-0.20-0.540.30-0.070.06-0.120.170.25
Surprise85.19%323.08%-7.69%296.15%-58.06%45.45%-78.57%-265.52%45.45%-2.86%-296.30%-335.48%-310.34%-133.90%-208.00%-42.31%-----
TimingPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-market-Pre-market---

Key Statistics & Ratios

Market Cap420.00M
Enterprise Value184.62M
Trailing P/E27.91
Forward P/E0.00
Price / Sales0.44
Price / Book4.17
EPS0.43
Book Value2.89
Revenue (TTM)962.19M
Gross Profit (TTM)365.23M
EBITDA30.17M
Profit Margin1.56%
Operating Margin4.35%
Return on Equity16.18%
Return on Assets2.16%
Shares Outstanding35.00M
Shares Float11.49M
Beta1.14
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%