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HAV Group ASA ( (DE:6HH) ) has issued an announcement.
HAV Group ASA reported a 16% increase in operating revenues for the first quarter of 2025, reaching 147.9 million kroner. The company achieved a positive EBITDA of 0.4 million kroner, a significant improvement from the previous year. While the energy design and smart control systems segments showed growth, the ship design and water treatment systems faced challenges. The company doubled its order backlog in the water treatment business, driven by new contracts in the aquaculture segment. However, the hydrogen-based energy systems division faced delays due to the slow transition to hydrogen-powered ships, leading to cost reductions and a hold on the ZEPOD prototype construction. Despite these challenges, HAV Group remains optimistic about future growth, supported by new contracts and a stable global shipbuilding market.
More about HAV Group ASA
HAV Group ASA is an international provider of technology and services for the maritime and marine industry, with a focus on guiding the industry through the green shift towards zero emissions. The company specializes in energy design, smart control systems, and water treatment systems, and is listed on Euronext Growth under the ticker HAV.
Average Trading Volume: 86,325
Current Market Cap: NOK269.5M
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