Skip to main content
loading
ENG SVE

Press releases

Regulatory

Norva24 Group AB’s Annual and Sustainability Report 2024 is now published and is available at the corporate website

Annual and Sustainability report 2024 Continued profitable growth - improved operating cash flow and excellent cash conversion - continued M&A activity - increased share of Green ServicesLooking back on 2024 I am proud that we have continued our profitable growth journey with a total revenue growth of 15% and an adjusted EBITA of 11%. In addition, we have improved the operating cash flow through working capital management leading to an excellent cash...

Norva24 Group AB acquires Multi Marine AS

Norva24 Group AB (“Norva24”) signed an agreement on April 9, 2025, to acquire 100 percent of the shares in Multi Marine AS (“Multi Marine”) through its subsidiary Norva24 Norge AS. Multi Marine is a quality provider of Underground Infrastructure Maintenance services (UIM) located in Averøy / Kristiansund. Multi Marine also offers a wide range of critical infrastructure services above ground and will, together with Norva24 Norge, offer a complete...

Norva24 postpones Annual General Meeting and Annual and Sustainability Report

Norva24 Group AB (publ) (“Norva24” or the “Company”) announces that the date for its Annual General Meeting has been changed to 27 June 2025 in light of the ongoing public offer from Apax Funds, acting through Nordahl BidCo AB, from the previously communicated date 13 May 2025.Consequently, the date for publication of the Annual and Sustainability Report 2024 has been postponed to 30 April 2025. The previously communicated date was 11 April...

Regulatory

Norva24 publishes preliminary financial information for January 2025

Norva24 Group AB (publ) (“Norva24” or the “Company”) announces certain preliminary financial information for 1 January to 31 January 2025. The preliminary financial information is categorized by country, as outlined below: SwedenOperating revenue for 1 January to 31 January 2025 amounted to NOK 43.3 million (40.1 million), adjusted EBITA amounted to NOK 0.1 million (1.8 million) and EBITA margin amounted to 0.2 percent (4.4 percent) for the same...

Regulatory

Statement from the independent bid committee of Norva24 in relation to the public takeover offer by Apax Funds, acting through Nordahl BidCo AB

This statement is made by the independent bid committee (the “Bid Committee”) of the board of directors of Norva24 Group AB (publ) (“Norva24” or the “Company”) pursuant to Rule II.19 of the Takeover rules for Nasdaq Stockholm and Nordic Growth Market NGM (the “Takeover Rules”). BackgroundApax Funds, through Nordahl Bidco AB[1] (“Nordahl” or the “Offeror”), have today announced a public offer to the shareholders of Norva24 to tender...

Regulatory

Solid development in core operations and strong cash flow

Year-end report January-December 2024 September-December 2024 Growth in total operating revenue of 15.5%, driven by currency-adjusted organic growth of 6.2% and growth from acquisitions of 8.5%. Currency adjusted organic growth in all geographies. Total operating revenue amounted to NOK 988.6 million (855.7) for the quarter and NOK 3,631.0 million (3,151.9) for the year. Margin reduction due to Germany, leading to a reduction in adjusted EBITA margin for...

No competition clearance from the Norwegian Competition Appeals Tribunal on the Vitek Miljø acquisition

As previously communicated, on April 17, 2024, Norva24 signed an agreement to acquire Vitek Miljø AS. The acquisition of Vitek Miljø AS was prohibited by the Norwegian Competition Authority (the “NCA”) on September 24, 2024.The decision is based on the NCA’s view on the emptying and flushing segment in Bergen region. The decision is not restricting Norva24 from acquisitions in other parts of Norway.The NCA’s decision was appealed by Norva24 to...

Invitation to webcast – Norva24 Group Q4 report 2024 to be published February 19

Norva24 will publish its Q4 report 2024 on Wednesday February 19 2025 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: February 19, 2025Time: Report published at 08.00 (CET)Webcast with teleconference at 09.30 (CET)To...

Norva24 will host a Capital Markets Day on March 19, 2025

Norva 24 AB (publ) hereby invites investors, analysts and the media to its first Capital Markets Day since the IPO on Nasdaq Stockholm in 2021, to be held at Kungsgatan 33 in Stockholm on March 19, 2025. During the past 10 years, Norva24 has been a consolidating industry leader and successfully grown into Northern Europe’s leading service provider in Underground Infrastructure Maintenance. It is now time to present the path forward and Norva24 looks...

Leadership transition in Norva24 Norway

CEO of Norva24 Norway, Tore Hansen (62), steps down after six years in the role. “As CEO of Norva24 Norway, Tore Hansen has played a pivotal role in driving our company’s growth, successfully growing revenues by 60% during the period, and steering Norway through a period marked by significant development. Tore is handing over a Norwegian operation with solid organic growth and improved profitability in Q4 vs last year. Through his commitment, Tore has...

Norva24 Group AB (publ) has signed a share purchase agreement to acquire 100% of the shares in Kanaltechnik Agricola GmbH (“Agricola”) through its subsidiary Norva24 Deutschland GmbH

The acquisition is part of Norva24's continued growth in Germany and will further strengthen Norva24's position in the Rhine-Ruhr metropolitan area. Kanaltechnik Agricola GmbH is based in Gevelsberg, near Norva24's German site of Zimmerbeutel in Wuppertal. In the future, the two companies will develop a close and strong collaboration. Agricola has a turnover of approximately €2 million and is solidly profitable. Agricola's main...