Margin squeeze and thinner order book reported in AKVA Group’s latest quarterly report

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But shareholders are guaranteed a new dividend.

Revenue in the second quarter of 2018 ended at EUR 66 million with an EBITDA of EUR 5.5 million. EBITDA margin for the second quarter was 8.3 per cent, while net profit was EUR 2 million.

AKVA group rounded the quarter with an order book of EUR 136 million according to a stock exchange announcement Wednesday morning.

The company also announced a half-year dividend of EUR 0.07 per share, which will be paid in September.

“We have experienced continued good activity across all regions and segments in the second quarter of 2018. Although strong revenue growth and the lack of larger Land Based orders resulted in a decline in the order book in the quarter, the order backlog is still solid at 1,3 BNOK (EUR 136 million)” said the company.