Norway's AKVA Q1 revenue rises on high order intake

Akva ASA

08/05/2026 07:07

Overview

Norway aquaculture tech provider's Q1 revenue grew 13% yr/yr, but missed analyst expectations

Record-high Q1 EBITDA of NOK 153 mln, driven by increased revenue and robust product mix

Company completed acquisition of Submerged AS and launched strategic review for potential sale

Outlook

AKVA aims for revenue of minimum NOK 5 bln and EBIT of 9% in 2027

Company expects continued strong momentum for deep farming concepts

Strategic review expected to be completed during 2026

Result Drivers

ORDER INTAKE - High order intake in Q1, supported by large contracts in Land Based and Sea Based segments, drove revenue growth

PROFITABILITY DRIVERS - Improved profitability attributed to increased revenue, economies of scale and robust product mix in Sea Based

SEGMENT PERFORMANCE - Land Based and Digital segments saw revenue and margin growth, while Nordic and Americas regions experienced revenue declines

Company press release: ID:nGNE7s0dDv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
NOK 1.14 bln
NOK 1.20 bln (2 Analysts)
Q1 EBITDA
NOK 153 mln
Q1 Order Backlog
NOK 2.83 bln
Q1 Orders
NOK 1.49 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for Akva Group ASA is NOK138.50, about 6.1% above its May 7 closing price of NOK130.50

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)