HAV Group Q1 revenue rises 58% on energy design & smart control systems

Hav ASA

28/05/2026 06:12

Overview
Maritime tech firm's Q1 revenue rose 58% yr/yr to NOK 233.1 mln
Q1 EBITDA improved to NOK 11.8 mln from NOK 0.4 mln a year earlier
Company launched strategic review after quarter-end

Outlook
HAV Group anticipates revenue growth and improved EBITDA margin in 2026 versus last yr
Company sees substantial market opportunities as vessel electrification trend grows
Geopolitical uncertainty and tariff issues create headwinds for HAV Group

Result Drivers
ENERGY DESIGN & SMART CONTROL SYSTEMS - Segment drove improved results with revenue and EBITDA up over 60% yr/yr, securing most of group order intake
WATER TREATMENT & SHIP DESIGN - Segments delivered stable revenue but need higher activity to achieve positive EBITDA; winning new contracts is top priority
ACCOUNTS RECEIVABLES - Operating cash flow was negative due to a sizeable increase in accounts receivables, much of which was settled after quarter-end

Company press release: ID:nObing8bTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
 
NOK 233.10 mln
 
Q1 EBITDA
 
NOK 11.80 mln
 
Q1 Orders
 
NOK 148 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.)