Norway's Moreld Q2 revenue rises on project execution, maintains FY EBITDA forecast

Moreld ASA

13/08/2026 06:12

Overview
Norway industrial engineering group's Q2 revenue rose sharply, driven by large project execution
Adjusted EBITDA for Q2 increased as offshore operations returned to normal
Board approved NOK 0.50 per share dividend for August distribution

Outlook
Moreld reiterates full-year EBITDA guidance of NOK 0.7-0.9 bln
Company says strong order intake improves revenue visibility for 2027 and 2028
Board reconfirms ambition to maintain predictable quarterly dividends

Result Drivers
LARGE PROJECT EXECUTION - Co said revenue and profit growth were supported by execution of several large projects
NORMALIZED OFFSHORE OPERATIONS - Co attributed improved results to the return to normal offshore operations
STRONG ORDER INTAKE - Co said order intake was driven by several strategic contract awards, improving backlog and revenue visibility

Company press release: ID:nMFN2N2c60

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
NOK 2.50 bln
 
Q2 Adjusted EBITDA
 
NOK 329 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy"
Wall Street's median 12-month price target for Moreld ASA is NOK26.00, about 18.5% above its August 12 closing price of NOK21.95
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 10 - Babcock & Wilcox Q2 revenue eases past estimates, helped by large project volume
Aug 12 - Balfour Beatty H1 profit, revenue rise on US, UK demand; lifts outlook
Aug 12 - Finland's Sitowise Q2 net sales rise 1.2%, boosted by infra business

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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.)