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Akva Group ASA (AKVA.OL)

AKVA.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Akva Group Q4 EBITDA down at NOK 24 million
Wednesday, 22 Feb 2017 01:55am EST 

Akva Group ASA : Q4 revenue 449 million Norwegian crowns ($54 million) versus 344 million crowns year ago . Q4 EBITDA 24 million crowns versus 27 million crowns year ago . End-Q4 order backlog at 998 million crowns versus 649 million crowns year ago, highest order backlog ever . A dividend of 0.50 crowns per share will be paid out in Q1 2017 . "We continue to see increased activity in sea bass and sea bream industry in mediterranean and outlook for 2017 is positive" . "we expect increased activity in UK and Chile in 2017 and a solid recovery compared to 2016" ."In Canada we are facing somewhat increased competition in market and we have moderate expectations for development in 2017".  Full Article

AKVA Group names Simon Nyquist Martinsen new CFO
Friday, 30 Dec 2016 02:00am EST 

AKVA Group ASA : Says Eirik Børve Monsen will step down from position as CFO on Jan. 1, 2017 . Simon Nyquist Martinsen will take up position as CFO no later than March 1, 2017 .Group Controller, Andreas Pierre Hatjoullis, will be acting CFO until Martinsen joins company.  Full Article

AKVA Group Q2 EBITDA up at NOK 43 million
Wednesday, 17 Aug 2016 01:55am EDT 

AKVA Group ASA : Q2 revenue 408 million Norwegian crowns ($49.77 million) versus 402 million crowns year ago . Q2 EBITDA 43 million crowns versus 41 million crowns year ago . End-Q2 order backlog 822 million crowns versus 493 million crowns . Half yearly dividend of 0.75 crown per share to be paid out in Q3 . Has good mid term outlook with good demand in Nordic cage based segment expected continues . UK and Europe is expected to perform well going forward with growing order backlog . Says has moderate expectations Canada market going forward . Says has still low expectations in Chile, but there are some positive signs towards the end of the year .Says Turkey and Australian operations are expected to continue to perform well in next quarters with a good order backlog.  Full Article

AKVA Group CFO Eirik Børve Monsen to leave company
Thursday, 30 Jun 2016 01:00am EDT 

AKVA Group ASA : Says CFO Eirik Børve Monsen resigns at year end 2016 . Monsen will continue in his position throughout 2016, when he will take up position as CFO of Lyse AS .Process to recruit a new CFO is initiated.  Full Article

Akva Group appoints Hallvard Muri as CEO
Wednesday, 29 Jun 2016 06:53am EDT 

Akva Group ASA : Hallvard Muri appointed as CEO of Akva Group ASA . Muri replaces Trond Williksen, who announced his resignation from Akva Group on May 11, 2016 .Hallvard Muri will take up position as CEO of Akva Group latest on Jan. 1, 2017.  Full Article

AKVA Group: AKVA Marine Services contemplates purchase of Techno Dive AS
Wednesday, 11 May 2016 02:21am EDT 

AKVA Group ASA : Said on Tuesday, its unit, AKVA Marine Services AS, had entered into a letter of intent regarding a possible acquisition of inshore/offshore diving and aquaculture farming services provider Techno Dive AS . Parties aim to complete customary due diligence investigations and negotiations of a final purchase agreement by mid-June 2016, and if final terms are agreed to complete the transaction by the end of June 2016 . A transaction is expected to be settled in cash .Techno Dive AS had an annual turnover in 2015 of 25 million Norwegian crowns ($3.05 million).  Full Article

AKVA Group Q1 EBITDA up at NOK 40 million crowns
Wednesday, 11 May 2016 02:12am EDT 

AKVA Group ASA : Q1 revenue 393 million Norwegian crowns ($47.98 million) versus 325 million crowns year ago . Q1 EBITDA 40 million crowns versus 27 million crowns year ago . End-Q1 order backlog 697 million crowns versus 547 million crowns year ago . Says activity level is particularly high in the Nordic market segment . Says good demand in the Nordic Cage based segment continues . Says Land based segment has experienced increased activity and higher level of activity is expected to continue .UK and Canada experienced slightly less project sales so far compared to last year; despite this both entities are expected to perform well in 2016.  Full Article

Akva Group CEO Trond Williksen resigns at year end 2016
Wednesday, 11 May 2016 01:01am EDT 

Akva Group ASA : CEO Trond Williksen resigns at year end 2016 .Board will immediately initiate a process to recruit a new CEO.  Full Article

Salmar reports Q1 earnings ahead of forecast, picks new CEO
Wednesday, 11 May 2016 01:01am EDT 

Salmar Asa : Salmar q1 revenues nok 2.0 billion (Reuters poll 1.8 billion) . Salmar q1 ebit before adjustments nok 566.5 million (Reuters poll nok 460 million) . Salmar expects to harvest 131,000 tonnes in norway in 2016 (Reuters poll 132,000 tonnes) versus previously 133,000 tonnes . Company also expects strong results in forthcoming quarters of 2016 . Based on estimates of standing biomass, company expects a decrease in global supply of atlantic salmon of 7 per cent in 2016 . has appointed Trond Williksen new CEO . Williksen replaces Leif Inge Nordhammer, who, after serving as CEO during two periods that comprise a total of more than 17 years, has asked to be relieved of his duties . Williksen joins SalMar from AKVA Group, where he has served as CEO since 2011 .Williksen will take up the position as CEO of SalMar from 1 January 2017. Leif Inge Nordhammer will continue as CEO until further notice, and has agreed to take on assignments for the company thereafter.  Full Article

AKVA Group's unit gets new land based contract
Monday, 4 Apr 2016 01:50am EDT 

AKVA Group ASA:New land based contract.Aquatec Solutions signed contracts for delivery of land based technology for a total value of 150 million Danish crowns to Bakkafrost Farming PF.Deliveries will take place from Q2 2016 to Q2 2018.Aquatec Solutions is a wholly owned subsidiary of Akva Group ASA.  Full Article

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Akva Group wins conditional support for fish farm concept -regulator

** Norway's Fisheries Directorate has given conditional support to an experimental fish farm design by Atlantis Subsea Farming, the regulator said in a statement