Norway's Havila Shipping Q1 operating income falls

Havila Shipping ASA

12/05/2026 14:04

Overview

Norway offshore vessel operator's Q1 operating income fell sharply yr/yr

Q1 profit before tax swung to a loss from a profit yr/yr

Lower vessel utilization and planned workshop stays contributed to revenue decline

Outlook

Company did not provide specific guidance or outlook for future quarters or the full year in press release

Result Drivers

LOWER UTILIZATION - Co said average rate of assignments and utilization was lower than previous qtr, reducing revenue

VESSEL OUT OF SERVICE - One vessel was out of service for part of the qtr due to planned workshop stays, impacting revenue

NO IMPAIRMENT REVERSAL - No reversal of previous impairment charges in Q1 2026, compared to NOK 32 mln in Q1 2025

Company press release: ID:nGNE2QKmpr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Expenses
NOK 89.90 mln
Q1 Operating Income
NOK 120.50 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the marine freight & logistics peer group is "buy"

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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.)