Norway's AKVA Q2 revenue rises, partly on strength in Land Based segment

Akva ASA

20/07/2026 07:11

Overview
Norway aquaculture tech firm's Q2 revenue rose 2% yr/yr, supported by strong order intake
Q2 EBIT increased 25% yr/yr, driven by economies of scale and product mix
Order intake up 28% yr/yr, backlog reached NOK 3 bln, providing revenue visibility

Outlook
AKVA says order backlog provides strong revenue visibility for the rest of 2026 and into 2027
Company cites positive commercial momentum and an active pipeline supporting future growth
46% of order backlog relates to Land Based segment, supporting future revenue

Result Drivers
LAND BASED EXECUTION - Strong project execution in the Land Based segment supported revenue and profitability
PRODUCT MIX - Favorable product mix within the Sea Based segment contributed to improved profitability
ECONOMIES OF SCALE - Profitability improvement driven by economies of scale

Company press release: ID:nGNEcdvl5f

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
NOK 1.19 bln
NOK 1.26 bln (1 Analyst)
Q2 EBIT
Beat
NOK 111 mln
NOK 97 mln (1 Analyst)
Q2 EBITDA
 
NOK 179 mln
 

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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.)