Norway's AKVA Q2 EBITDA jumps; strategic review to complete in fall

Akva ASA

14/08/2026 07:11

Overview
Norway aquaculture tech firm's Q2 revenue rose 2% yr/yr, meeting analyst expectations
Record high Q2 EBITDA, up 23% yr/yr, driven by economies of scale and product mix
Company announced NOK 1 per share dividend for H2 2026
Company expects strategic review to be completed during fall 2026

Outlook
AKVA aims for minimum NOK 5 bln revenue and 9% EBIT in 2027
Company expects continued strong momentum for deep farming concepts
Strategic review expected to be completed during fall 2026

Result Drivers
ORDER INTAKE - High Q2 order intake supported by smolt contract award and new barge contracts in Sea Based segment
SEGMENT EXECUTION - Improved profitability attributed to economies of scale, favorable product mix in Sea Based, and continued strong project execution in Land Based
REGIONAL VARIATION - Sea Based revenue declined in Nordic region but increased in Americas and EME; Land Based and Digital segments saw revenue and margin improvements

Company press release: ID:nGNE40sg2D

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Meet
NOK 1.19 bln
NOK 1.19 bln (2 Analysts)
Q2 EBITDA
 
NOK 179 mln
 
Q2 Order Backlog
 
NOK 3 bln
 
Q2 Orders
 
NOK 1.35 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 NOK143.50, about 4% above its August 13 closing price of NOK138.00
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 13 - Norway's NORBIT Q2 revenue rises 22%, slightly beats estimates
Aug 13 - Norway's Moreld Q2 revenue rises on project execution, maintains FY EBITDA forecast
Aug 13 - Norway's AutoStore Q2 revenue beats estimates on strong order intake

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(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.)