SITE VISIT – 11th December: Norva24 will be hosting a site visit in the Stockholm region on Wednesday 11th December.The purpose of the visit is to give the participants a better understanding of some of the tasks performed by Norva24. Here we will demonstrate TV-inspection and relining in two different locations. From the meeting at Lidingö, until the drop off at Stockholm Central station, transport will be provided.Attending the site visit from...
Interim report July-September 2024 July-September 2024 Growth in revenue from customer contracts of 22.7% and growth in total operating revenue of 18.0%, driven by currency adjusted organic growth of 5.4%, growth from acquisitions of 14.5%. The growth is reduced by 4.5 percentage points due to a revenue adjustment. Total operating revenue amounted to NOK 934.8 million (792.2) for the quarter and NOK 2,642.4 million (2,296.2) for the first three quarters....
Norva24 will be hosting a site visit in the Frankfurt region on November 19th and investor meetings in Frankfurt on November 20th and Paris on November 21st. Norva24 will be hosting a site visit in the Frankfurt region on Tuesday 19th November. All meetings and airport transfers will be organized by Berenberg Bank. Attending the site visit will be: Henrik Norrbom (Group CEO) Stein Yndestad (Group CFO) Jonas Pärssinen (Group COO) Uwe Türpe (Branch...
Norva24 will publish its Q3 report 2024 on Friday November 15 2024 at 08.00 (CEST). Investors, analysts, and journalists are welcome to attend the company’s webcast with a teleconference at 09.30 (CEST) on the same day. Henrik Norrbom, Group CEO, and Stein Yndestad, Group CFO, will present the report. The session will be conducted in English. Date: November 15, 2024 Time: Report published at 08.00 (CET) Webcast with teleconference at 09.30 (CET) To...
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 2025 has been appointed based on the shareholdings as of 31 August 2024 and in accordance with the Nomination Committee’s...
Norva24 Sverige AB has acquired 100% of the shares in Rör & Ledningsinspektion AB as of September 16, 2024. The acquisition means that Norva24 in Sweden continues to strengthen its position in the Nordic region's largest market, Stockholm, and specifically strengthens the business in the inspection and investigation of pipes and pipelines in properties and land. Market synergies have been identified with Norva24's companies in Stockholm....
Interim report April-June 2024 April-June 2024 Solid growth in total operating revenue of 17.3%, driven by a currency adjusted organic growth of 9.2% and growth from acquisitions of 8.5%, currency effect reduces overall growth by 0.4%. Tailwind of +2.6% due to more working days in the quarter. Total operating revenue amounted to NOK 937.6 million (799.4) for the quarter and NOK 1,707.6 million (1,504.0) for the first half year. Significant margin...
Norva24 will publish its Q2 report 2024 on Thursday August 15 2024 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 Norrbom, Group CEO, and Stein Yndestad, Group CFO, will present the report. The presentation will be held in English.Date: August 15, 2024Time: Report published at 08.00 (CET)Webcast with teleconference at 09.30 (CET)To participate in...
Norva24 Group AB (publ) held its Annual General Meeting today, 22 May 2024, 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...
Interim report January-March 2024 January-March 2024Total operating revenue amounted to NOK 769.9 million (704.6), an increase of 9.3%. Currency adjusted organic growth was 1.6%.Revenue from customer contracts amounted to NOK 758.9 million (700.1) an increase of 8.4%.Adjusted EBITA amounted to NOK 52.3 million (59.4).The period was charged with non-recurring items amounting to NOK 2.9 million (2.4).EBIT amounted to NOK 37.5 million (46.0).Profit for the...
Through the acquisition Norva24 continues to strengthen its market position in one of Sweden's largest cities, Malmö, and strengthens the business within the relining business area. Högtrykstjänst Syd's sales amounted to approx. SEK 19 million LTM Q1 2024, and has continuously delivered strong growth with good profitabilityThe company is located in Arlöv near Malmö in modern and efficient premises.Högtryckstjänst Syd, established in 2017,...
Norva24 will publish its Q1 report 2024 on Wednesday May 22 2024 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 Norrbom, Group CEO, and Stein Yndestad, Group CFO, will present the report. The presentation will be held in English.Date: May 22, 2024Time: Report published at 08.00 (CET)Webcast with teleconference at 09.30 (CET)To participate in the...
Norva24 Group AB (publ) (“Norva24”, “the company”), the market leader in underground infrastructure maintenance (UIM) in Northern Europe, keeps growing through value-accretive acquisitions. The company today announces the acquisition of the clear leader in the high-pressure flushing market in Denmark, Nordic Powergroup Holding A/S (NPG). With the acquisition, Norva24 manifests the number one position within underground infrastructure maintenance...
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...
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...
Vitek is a quality provider of Underground Infrastructure Maintenance (UIM) services in the western part of Norway. Vitek offers a broad range of critical infrastructure services above- and underground and will alongside Norva24 Vest offer an even more comprehensive service offering to the customers in Western Norway. Vitek is located in Rådal south of Bergen and will be a good supplement to the current Norva24 location west of the city. The company has...
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...
Norva24 Söderlindhs wins a new assignment through a newly signed deal with VA SYD, one of the leading and largest organizations in Sweden regarding municipal water and sewage services, handling vital services for the society regarding flushing, pipe inspection, and sludge suction. Norva24 will support with resources and services in recycling, combined flushing, filming and pipe inspection, as well as excavation and dry suction. The contract is planned to...
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...
Norva24 will publish its Year-End and Q4 report 2023 on Friday February 23, 2024 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, and Stein Yndestad, Group CFO, will present the report. The presentation will be held in English.Date: February 23, 2024Time: Report published at 08.00 (CET)Webcast with teleconference at 09.30 (CET)To...
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...
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...