Strong Q2 results for AKVA Group

1662

Good sales and a healthy order book have provided good results for AKVA Group, according to their quarterly report published Wednesday.

The company had an order backlog of €13.9m – an increase of 60.3 percent from the same period last year. A total of €620m of this is from land based products.

“There’s been strong development in the Nordic region, with good contributions from Helgeland Plast, AKVA Marine Services and Sperre,” AKVA group writes in their report.

The company has increased its turnover from software by 55 percent, and has also secured a number of contracts within the land-based segment. Their Spanish department has also got off to a good start, according to the report.

The company had an EBITDA of €4.6m, which is an increase of 68 percent from €25.9 million last year.

Profit before tax was €4.2m, while net profit was €2.8m.

This gives the company an operating margin of 3.3 – a slight improvement on last year’s 3.2 percent.