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Nekkar ASA ( (DE:0TT) ) has issued an update.
Nekkar ASA reported a 7% decline in revenue for the second quarter of 2025, primarily due to reduced activity in its Syncrolift segment and cost increases in Techano Oceanlift projects. Despite a negative EBITDA, the company maintains a strong balance sheet with significant cash reserves and no debt, positioning it well to capitalize on growth opportunities, particularly in the defense sector. The company experienced a high level of tendering activity and a substantial order intake, indicating potential future growth. Syncrolift’s recent contract awards and a strong order backlog underscore Nekkar’s strategic positioning in the market.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies, focusing on sustainable oceans, robotics, intelligent logistics, and digital solutions. With a 50-year heritage from Syncrolift, Nekkar employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and strategic reinvestment to ensure profitability and sustainable growth.
Average Trading Volume: 103,884
Current Market Cap: NOK1.07B
See more insights into 0TT stock on TipRanks’ Stock Analysis page.