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Press releases

Regulatory

Norva24 Group AB’s Annual and Sustainability Report 2023 is now published in English and is available at the corporate website

On track to deliver on our targets – continued excellent operating cash flow – solid organic and acquired growth – 46% of revenues taxonomy eligible green services for 2023 As the clear market leader in the underground infrastructure maintenance (UIM) market in the Nordics and in Northern Europe, we are perfectly positioned to further strengthen our position and to create value for customers, local communities and shareholders in the years to...

Regulatory

NOTICE CONVENING THE ANNUAL GENERAL MEETING OF NORVA24 GROUP AB (PUBL)

The shareholders of Norva24 Group AB (publ), reg. no. 559226–2553 (“Norva24” or the “Company”), are hereby given notice of the Annual General Meeting to be held on May 22, 2024 at 14:00 CEST at GT30, Grev Turegatan 30, Stockholm. The Board of Directors has resolved that shareholders shall have the right to exercise their voting rights by postal voting ahead of the Annual General Meeting in accordance with Chapter 7, Section 4 a of the Swedish...

Regulatory

Arild Bødal proposed to be new chairman in Norva24 Group AB

The Nomination Committee ahead of the 2024 Annual General Meeting of Norva24 Group AB (publ) (the “Company” or “Norva24”) proposes that the current Board Member Arild Bødal be appointed Chairman of the Board, as the current Chairman of the Board Vidar Meum has informed the Nomination committee that he would like step down from the Board. “We would like to extend our sincere gratitude to Vidar Meum for his valuable contributions as Chairman of...

Regulatory

Revenue and profit growth continues

Year-end January-December 2023 October-December 2023 Total operating revenue amounted to NOK 855.7 million (719.5), an increase of 18.9%. Currency adjusted organic growth was 5.2%. Revenue from customer contracts amounted to NOK 854.4 million (712.6), an increase of 19.9%. EBIT amounted to NOK 60.0 million (35.3). The period was charged with non-recurring items amounting to NOK 7.2 million (25.8). Adjusted EBITA amounted to NOK 81.6 million (71.0), up...

Regulatory

Stein Yndestad appointed Chief Financial Officer of Norva24 Group

Stein Yndestad is appointed new Chief Financial Officer (CFO) of Norva24 Group (“Norva24”), effective 23 January 2024. Yndestad currently holds the position of Chief Corporate Development Officer and head of investor relations at Norva24. These functions will be merged into the CFO role, under Stein Yndestad’s management. “As we reorganize the finance function of Norva24, I am happy that Stein again is taking on a comprehensive responsibility as...

Regulatory

Changes to Norva24 Nomination Committee

In accordance with Nomination Committee instructions, the composition of the Committee has been changed ahead of Norva24 2024 Annual General Meeting (AGM) owing to changes in ownership of the company. Due to Briarwood Capital Partners acquisition of shares corresponding to 5,89 percent of the capital, the company's ownership circle has changed. Therefore, Jan Andersson, appointed by Swedbank Robur Fonder, has made his seat on the nomination committee...