Norva24 Group AB’s Annual and Sustainability Report 2021 is now published in English and is available at the corporate website
On track to deliver on our targets and capital raised secures our next phase as a successful compounder
“Our listing in December 2021 marked an important milestone on our journey building a European Lighthouse and market leader in Underground Infrastructure Maintenance. With the listing we raised around NOK 900 million in new capital, enabling us to increase our pace in acquisition activities. With the capital, we have the financial capacity to deliver on our acquisition strategy and our financial development in 2021 confirms that we are on the right track.
We are confident in the compelling value creation opportunities from continuing the growth journey
towards our mid-term revenue target of NOK 4.5 billion by 2025.” CEO Henrik Damgaard
Read more in the English edition of Norva24's Annual and Sustainability Report 2021, which can be found via the following link:
https://www.norva24.com/annual-report-2021
For further information, please contact
Henrik Damgaard, CEO Norva24 Group, +47 907 72 943
Sture Stölen, Head of IR, +46 723 68 65 07
Norva24 is the leading northern European player in the UIM industry[1] and offers UIM services, such as emptying services, pressure washing and pipe services. On December 31, 2021, the company operated 66 branches[2] in Norway, Germany, Sweden and Denmark, with approximately 1,400 employees. The company’s history dates back to 1919 and Norva24 has since evolved from a company with Norwegian roots to being a market leader in UIM services in Norway, Germany, Sweden and Denmark. Norva24 has a history of completing acquisitions in order to enter new markets or to consolidate its local market position, taking advantage of the highly fragmented UIM market in Europe, which is characterized by mostly small, local companies. In its four markets, the company has conducted three 34 acquisitions since 2015. www.norva24.com.