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...
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.
Good organic growth, solid margins and excellent operating cash flow during the third quarter
Norva24 will publish its Interim Report January-September 2022 on Wednesday November 23, 2022 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.
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 2023 has been appointed based on the shareholdings as of 31 August 2022 and in accordance with the Nomination Committee instruction.
Norva24 has executed an agreement buying 100 % of the shares and assets in CKS Express Baumanagement GmbH and CKS Rohr Express e.K. (CKS). Following the recent acquisition of Jutzy Haustechnik Service GmbH in Potsdam the acquisition of CKS further strengthens Norva24´s market leading position in Underground Infrastructure Maintenance (UIM) in the Greater Berlin area. CKS had revenue of NOK 38 million (3,8MEUR) in 2021 with a high margin.
Norva24 has signed an agreement to acquire 100% of the shares in Jutzy Haustechnik und Service GmbH ("Jutzy"). The acquisition strengthens Norva24´s market leading position in Underground Infrastructure Maintenance (UIM) in Germany and makes Norva24 a clear UIM leader in the greater Berlin area. Jutzy had revenue of NOK ~150 million (EUR 15 million) in 2021 with a healthy margin.
Strong organic growth in most markets during the second quarter
Norva24 will publish its Interim Report January-June 2022 on Wednesday August 24, 2022 at 08.00 (CEST). Shareholders, Investors, analysts and journalists are welcome to attend the company’s presentation in Oslo or webcast with teleconference at 09.30 (CEST) on the same day.
Dean Zuzic has more than 25 years of experience within finance and management. He is currently CFO of ABL Group ASA listed in Oslo, Norway. During his career he has also held CFO-roles in the two listed companies TGS-NOPEC Geophysical Company ASA and Spectrum ASA and before that he was CFO in Norsk Gjenvinning, Kid Interior and Plantasjen. His career started with McKinsey & Company and early in his career he also worked three years as an equity analyst. Zuzic is Norwegian living in Oslo.
Norva24 AB has acquired 100% of the shares in Stockholm Relining AB. The acquisition will significantly strengthen Norva24 Sweden’s position in the UIM (Underground Infrastructure Maintenance) area of pipe relining with one of the most competent companies in this field in Sweden. In Stockholm, the acquisition complements Norva24’s range of services and makes the company a full-service provider within UIM.
Norva24 Group AB (publ) (“Norva24”) has on [1] July 2022, acquired 100 percent of the shares in Thornvig Jensen A/S and J.S. Overfladebehandling ApS (“TJ”) through its subsidiary NORVA24 Danmark A/S. The strategically important acquisition expands Norva24’s geographic reach in Denmark and fortifies the position as a clear market leader. With the acquisition Norva24 will strengthen its position and improve density in UIM services in the Danish market, including high pressure flushing, sludge suction, pipe cleaning, TV inspection and industrial cleaning services. In 2021, TJ’s revenue amounted to around NOK 46 million with a double-digit EBITA margin. The company is primarily active in the Jutland region and has 20 employees, with its head office in Herning. The acquisition is being financed with Norva24’s cash position.
Norva24 Group AB (publ) held its Annual General Meeting today, Tuesday, 31 May. The Annual General Meeting was conducted by means of only advance voting (so-called postal voting) with the support of temporary legal rules.
As of today 31 May 2022, the total number of shares and votes in Norva24 Group AB (publ) is 182,682,740.
Solid organic growth in most markets during the first quarter
Norva24 will publish its Interim Report January-March 2022 on Tuesday 31 May, 2022 at 08.00 (CEST). Shareholders, Investors, analysts and journalists are welcome to attend the company’s presentation in Stockholm or webcast with teleconference at 09.30 (CEST) on the same day.
The notice to Norva24’s Annual General Meeting on 31 May 2022 was published in a press release on 26 April 2022.
The shareholders of Norva24 Group AB (publ), reg. no. 559226–2553 (“Norva24”), are hereby given notice of the Annual General Meeting to be held on Tuesday, May 31, 2022.
Norva24 Group AB (publ) (“Norva24”) has on 5 April 2022, acquired 100 percent of the shares in IRG Rörinspektion AB (“IRG”) through its subsidiary Norva24 AB. The acquisition is strategically important for Norva24’s work to develop new technological solutions within IoT, sensor technology and digital monitoring. With IRG, Norva24 gains access to a well-functioning technological solution for monitoring of underground infrastructure, advanced pipe inspection and flow measurement services, as well as inflow and infiltration (I&I) inspections. In 2021, IRG’s revenue amounted to SEK 36 million, with a growth of ~15 percent annually over the past five years and a double-digit EBITA margin. The company is primarily operative in the Gothenburg region and has around 30 employees, with the Headquarter in Kungsbacka and a branch in Ljungskile. The acquisition is financed with internal funds and through a rights issue of 208,719 shares to the sellers of IRG, corresponding to an amount of SEK 4,500,000.
Due to the bank holidays in late May, Norva24 has decided to change the publication of the interim report for January-March 2022 as well as date for the annual general meeting to May 31, 2022. The previously communicated date was May 25, 2022.
Norva24 has signed an agreement to acquire ROHR FREI SCHNELLDIENST AXEL ZIMMERBEUTEL GmbH („Zimmerbeutel“). Zimmerbeutel is active in the NORVA24 core business Underground Infrastructure Maitenance.
Strong quarter with solid growth – both organic and acquired
Norva24 will publish its Year-end report 2021 on Monday 28 February 2022 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.
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 2022 has been appointed based on the shareholdings as of 30 December 2021 and in accordance with the Nomination Committee instruction.
Carnegie Investment Bank (publ) (“Carnegie”) notifies that stabilisation measures have been undertaken in Norva24 Group AB’s (publ) (”Norva24” or the “Company”). The stabilisation period ended 7 January 2022 and no further stabilisation will be carried out. The Over-allotment Option will not be exercised.
Carnegie Investment Bank (publ) (“Carnegie”) notifies that stabilisation measures have been undertaken in Norva24 Group AB’s (publ) (”Norva24” or the “Company”) shares on Nasdaq Stockholm
As of today 30 December 2021, the total number of shares and votes in Norva24 Group AB is 182,474,021.The number of shares and votes has changed as a result of the share issue of 25,555,556 shares that was carried out in connection with the admission to trading of the company's shares on Nasdaq Stockholm on 9 December 2021.For further information, please contact:Sture Stölen, Head of IRTel: +46 723 68 65 07E-mail: sture.stolen@norva24.comThis...
Norva24 has won a contract with Vejle Municipality in Denmark. The contract is for 4 years and has a total estimated value of 15 MNOK. Norva24 has also won a contract with SISAB in Sweden. The contract is over 2 years with an option for another 1 + 1 years and has a total estimated value of approximately up to 18 MNOK if the options are utilized. About Vejle Municipality Vejle municipality is a municipality in the Region of Southern Denmark in...
Carnegie Investment Bank (publ) (“Carnegie”) notifies that stabilisation measures have been undertaken in Norva24 Group AB’s (publ) (”Norva24” or the “Company”) shares on Nasdaq Stockholm
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