Norway's Nekkar Q4 revenue rises 9% yr/yr

Nekkar Asa

12/02/2026 06:16

Overview

Norway's ocean tech firm reported Q4 revenue up 9% yr/yr, driven by Intellilift and Techano

EBITDA margin decreased due to cost overruns in Techano Oceanlift

Order backlog at NOK 678 mln, highlighting portfolio maturity

Outlook

Company anticipates transformative growth in SaaS income from InteliWell agreements

Nekkar sees solid platform for growth towards 2027 ambition

Company reports record high tendering activity with award timing yet to be determined

Result Drivers

INTELLILIFT AND TECHANO - Higher activity in Intellilift and Techano Oceanlift drove revenue growth, despite cost overruns in Techano affecting margins

INTELIWELL AGREEMENTS - InteliWell secured major agreements for drilling automation solutions post-quarter, indicating future SaaS revenue growth

FIIZK MARKET LEADERSHIP - FiiZK strengthened its market leadership with new orders for closed containment systems from Mowi

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
NOK 197 mln
NOK 154 mln (1 Analyst)
Q4 EBITDA
NOK 23 mln
Q4 Order Backlog
NOK 678 mln
Q4 Orders
NOK 122 mln


Analyst Coverage

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

The average consensus recommendation for the heavy electrical equipment peer group is "buy."

Wall Street's median 12-month price target for Nekkar ASA is NOK17.00, about 41.1% above its February 11 closing price of NOK12.05

Press Release: ID:nObijCpBZa

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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.)