Interim report January-September 2023 July-September 2023Total operating revenue amounted to NOK 792.2 million (612.0), an increase of 29.4%. Currency adjusted organic growth was 7.8%.Revenue from customer contracts amounted to NOK 785.1 million (610.6), an increase of 28.6%.EBIT amounted to NOK 110.1 million (76.6).The period was charged with non-recurring items amounting to NOK 0.9 million (1.1).Adjusted EBITA amounted to NOK 124.0 million (86.7), up...
Norva24, the market leader in underground infrastructure maintenance (UIM) in Northern Europe, continues to deliver on its growth strategy of value-accretive M&A through the acquisitions of ControTech i Malmö AB (ControTech) in Sweden and Baier Rohrreinigung GmbH (Baier) in Germany. “Expanding our footprint in Sweden and Germany is a key element on the Norva24’s journey towards our vision of becoming a European lighthouse in Underground...
Norva24 will publish its Q3 report 2023 on Tuesday November 21 2023 at 08.00 (CET). Investors, analysts and journalists are welcome to attend the company’s webcast with teleconference at 09.30 (CET) on the same day. Henrik Norrbom Group CEO, Dean Zuzic Group CFO, and Stein Yndestad, Group CCDO & IRO, will present the report. The presentation will be held in English.Date: 21 November2023Time: Report published at 08.00 (CET)Webcast with teleconference...
The nomination committee shall, in accordance with the principles for the nomination committee in Norva24 Group AB (publ) (“Norva24”), consist of representatives of the four largest shareholders or shareholder groups, and the Chairman of the Board of Directors. The Nomination Committee for the Annual General Meeting 2024 has been appointed based on the shareholdings as of 31 August 2023 and in accordance with the Nomination Committee’s...
The Annual General Meeting resolved on 25 May 2023 to authorise the Board to decide on the repurchase of own shares. Based on this authorisation, the Board has decided to initiate a repurchase program. The aim of the repurchase program is to meet the requirements arising under Norva24’s performance share plan, meaning securing delivery of Norva24 shares to the participants and securing and covering the costs for social fees that may arise, to...
Interim report january-June 2023 • Total operating revenue amounted to NOK 799.4 million (608.5), an increase of 31.4%. Currency adjusted organic growth was 4.0%. • Revenue from customer contracts amounted to NOK 792.3 million (603.9) an increase of 31.2%. • EBIT amounted to NOK 67.8 million (63.6). • The period was charged with non-recurring items amounting to NOK 4.4 million (5.6). • Adjusted EBITA amounted to NOK 82.7 million (77.6) up 6.7%....
Norva24 will publish its Q2 report 2023 on Tuesday August 22, 2023 at 08.00 (CEST). Investors, analysts and journalists are welcome to attend the company’s webcast with teleconference at 09.30 (CEST) on the same day. Stein Yndestad, acting Group CEO, Dean Zuzic Group CFO, and Sture Stölen, Head of IR, will present the report. The presentation will be held in English.Date: 22 August 2023Time: Report published at 08.00 (CEST)Webcast with...
The board of directors of Norva24 has appointed Henrik Norrbom CEO of Norva24 Group. Henrik will assume the position on September 18, 2023 Henrik Norrbom is currently the Managing Director of Cramo AB, an equipment rental company with a turnover of approximately SEK 3.5 billion, and 1,000 employees in 96 locations. In his existing role, and many previous positions, Henrik has gained highly valuable experience and expertise in managing geographically...
Norva24 Group AB (publ) held its Annual General Meeting today, 25 May 2023, in Stockholm. Approval of the income statement and balance sheet, appropriation of profits and discharge of liability of Board members and the CEOThe Annual General Meeting resolved to adopt the income statement and the balance sheet for the group and the parent company. The Annual General Meeting resolved to carry forward the earnings of the year to a new account. The members of...
Strong organic and acquired growth in Q1 with increased margins January-March 2023 • Total operating revenue amounted to NOK 704.6 million (526.4), an increase of 33.8%. Currency adjusted organic growth was 8.5%. • Revenue from customer contracts amounted to NOK 700. million (518.2) an increase of 35.1%. • EBIT amounted to NOK 46.0 million (36.3). • The period was charged with non-recurring items amounting to NOK 2.4 million (0.0). • Adjusted...
Norva24 will publish its Q1 report 2023 on Tuesday May 23 2023 at 08.00 (CEST). Investors, analysts and journalists are welcome to attend the company’s webcast with teleconference at 09.30 (CEST) on the same day.Henrik Damgaard, Group CEO, Dean Zuzic Group CFO, Stein Yndestad, CDO, and Sture Stölen, Head of IR, will present the report. The presentation will be held in English.Date: 23 May 2023Time: Report published at 08.00 (CEST)Webcast with...
Norva24 Group AB’s Annual and Sustainability Report 2022 is now published in English and is available at the corporate website On track to deliver on our targets - solid organic and acquired growth – continued excellent operating cash flow- 44% defined as green services in Norva24 in 2022”As we look back on Norva24’s first full year as a listed company, we proudly look back at a year with strong revenue growth of 22%, driven by currency...
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 25, 2023 at 16:00 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...
Solid organic and acquisition growth in 2022, margins in Q4 adversely affected by early winter weather – continued excellent operating cash flow
Norva24 will publish its Year End Report January-December 2022 on Friday 24th of February 2023 at 08.00 (CET). Shareholders, investors, analysts and journalists are welcome to attend the company’s presentation in Stockholm or webcast with teleconference at 09.30 (CET) on the same day.
Henrik Damgaard has informed the board of Norva24 Group AB (publ) (“Norva24”) that he has accepted a new job as CEO for a company in another non-competing industry, and he has therefore handed in his resignation today. Henrik will according to plan have his last day as CEO of Norva24 in July 2023. The board will as soon as possible start the process of finding a new CEO of Norva24.
Norva24 has signed an agreement buying 100 % of the shares and assets in NRC Gravco AS and its subsidiary Septik Tank AS together “Gravco”. The acquisition of Gravco further strengthens Norva24´s market position in Underground Infrastructure Maintenance (UIM) in the Greater Oslo and surrounding area. Gravco had a revenue of around NOK 90 million during 2022 with a high margin.