AKVA group ASA Reports Earnings Results for the First Quarter Ended March 31, 2024
May 03, 2024 at 03:00 pm IST
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AKVA group ASA reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was NOK 784.36 million compared to NOK 873.62 million a year ago. Net income was NOK 4.78 million compared to NOK 0.405 million a year ago.
Basic earnings per share from continuing operations was NOK 0.13 compared to NOK 0.01 a year ago. Diluted earnings per share from continuing operations was NOK 0.13 compared to NOK 0.01 a year ago.
Akva Group ASA is a Norway-based supplier of solutions and services to the global aquaculture industry. Its activities include design, purchase, manufacturing, assembly, sale and installation of technology products as well as rental, service and consulting services. The Company divides its operations into three business segments: Sea Based Technology (SBT), Digital and Land Based Technology (LBT). The SBT main products include Polarcirkel, Wavemaster and Akvasmart hardware brands such as: Plastic cages, steel cages, feed barges, feed systems, sensor- and camera systems, underwater lights and net cleaning systems. The LBT provides technology for water treatment technology. Main components used include mechanical filters, UV treatment, bio filters, degasser units, oxygenation, cooling/heating systems and lifting pumps. The Digital software include brands such as: Production control, planning, traceability, and ERP software for both the aquaculture and the fishing industry.
AKVA GROUP ASA 
