Norway's Eqva Q1 revenue rises 46% on acquisitions boost

Eqva ASA

13/05/2026 06:20

Overview

Norway industrial services firm's Q1 revenue rose 46% yr/yr to NOK 370 mln

Q1 EBITDA fell to NOK 11 mln, impacted by delayed project start-ups and weaker project mix

Company completed NOK 500 mln bond issue and agreed to acquire Einar Øgrey Farsund AS operations

Outlook

Company expects NOK 62-67 mln revenue from hydropower project over next 15 months

Company says macro headwinds causing project delays and slower market activity

Order backlog for next 12 months remains solid despite postponed projects

Result Drivers

ACQUISITIONS - Co said revenue growth was supported by recently completed acquisitions

DELAYED PROJECTS - Co said delayed project start-ups and weaker project mix impacted profitability

ORDER BACKLOG - Co said order backlog increased for sixth consecutive quarter, indicating sustained demand

Company press release: ID:nObinJ29Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
NOK 370 mln
Q1 Adjusted EBITDA
NOK 90 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.)