AKVA group ASA: Preliminary Q2 result – strong revenues with cost related headwinds

AKVA group ASA (“The Company) is expecting a strong revenue of MNOK 907 in Q2 22, representing an increase of 9% compared to Q2 21. However, the profitability is significantly impacted by increased costs from high inflation rates, warranty and cost provisions. EBIT is expected to be negative of MNOK 41 for Q2 22. Main items that have contributed to the significant shortfall of EBIT in Q2: High inflation rates and supply chain restrictions worldwide driven by the Russia-Ukraine conflict...

Klepp stasjon, 03/08/2022 (informazione.news - comunicati stampa - cibi e bevande)

AKVA group ASA (“The Company) is expecting a strong revenue of MNOK 907 in Q2 22, representing an increase of 9% compared to Q2 21. However, the profitability is significantly impacted by increased costs from high inflation rates, warranty and cost provisions. EBIT is expected to be negative of MNOK 41 for Q2 22.

Main items that have contributed to the significant shortfall of EBIT in Q2:

Further details will be presented in the second quarter presentation at Dronning Eufemias gate 30, Oslo, 10:00 August 12 .

Dated: 3 August 2022            
AKVA group ASA

Web: www.akvagroup.com

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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act