HAV Group ASA

HAV Group ASA

1.04
EUR
0.00
(0.00%)
0.05EPS
24.89P/E
40.43MMarket Cap
Nov 20Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.57
17.12
23.23
18.38
26.28
18.64
19.49
21.68
22.94
27.62
Basic EPS, GAAP
0.48
1.27
-1.99
0.75
2.17
-0.01
-0.14
-0.88
0.04
0.52
Free Cash Flow per Basic Share
-0.8
0.44
2.92
-0.57
7.49
-2.61
-1.01
2.52
-1.15
-1.46
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.93
1.48
-1.03
1.19
4.16
3.3
2.81
2.48
2.52
2.89
Tangible Book Value per Share
0.09
-0.49
-3.48
-1.31
1.79
0.98
-0.04
0.05
0.34
0.92
Basic Weighted Avg Shares
35
35
35
35
35
33
32
35
35
35
Sales/Revenue/Turnover
440
599
813
643
917
622
617
759
803
962
Operating Margin (%)
5.49
9.36
-6.3
4.81
9.89
0.32
-1.28
-6.78
0.25
2.59
Depreciation Expense
8
17
14
17
17
18
17
16
20
22
Net Income, GAAP
17
44
-70
26
76
- -
-4
-31
1
18
Effective Tax Rate (%)
13.58
15.95
- -
- -
13.71
34.75
- -
- -
60.31
- -
Profit Margin (%)
3.83
7.42
-8.57
4.07
8.26
-0.08
-0.7
-4.05
0.17
1.9
Working Capital
26
9
-76
-17
140
83
29
6
9
26
LT Debt
14
13
36
13
67
46
27
10
- -
- -
Total Equity
71
56
-31
46
152
113
91
86
88
101
Return on Invested Capital (%)
- -
35.84
- -
- -
55.67
0.67
- -
- -
0.85
26.04
Return on Capital (%)
- -
37.29
- -
- -
56.51
-0.83
- -
- -
2.44
63.93
Return on Common Equity (%)
- -
74.62
- -
- -
81.06
-0.37
-4.35
-35.04
1.55
19.49

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
35
35
35
Market Capitalization
185
307
457

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
583
605
587
Cash, Cash Equivalents & STI
192
135
237
Accounts Receivable, Net
265
328
151
Inventories
32
30
30
Total Current Liabilities
574
592
561
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
36.96%
1.81%
Free Cash Flow
- -
-427.52%
-145.78%
Net Income, GAAP
- -
280.75%
-104.4%
Sales/Revenue/Turnover
- -
7.67%
5.81%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
127
193
135
304
759
2025
148
193
194
268
803
2026
233
267
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.61
-0.2
-0.54
0.29
-0.88
2025
-0.07
0.06
-0.12
0.26
0.04
2026
0.13
0.25
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Gunnar Larsen
Full Time Employees
167
Sector
Electronic technology
Industry
Semiconductors
Address
Fosnavag Norway
IPO Date
Mar 4, 2021
Business
HAV Group ASA is an international maritime technology and engineering holding company that provides sustainable energy, propulsion, design, and water treatment solutions for the global marine and aquaculture industries. Founded in 2021 following a spin-off from Havyard Group and headquartered in Fosnavåg, Norway, the company operates primarily through four specialized subsidiaries: HAV Design AS, which delivers naval architecture, energy-efficient hull design, digital simulation, and engineering services for offshore wind support vessels, ferries, and specialized cargo ships; Norwegian Electric Systems AS (NES), which develops and integrates marine electrical power distribution systems, hybrid and electric propulsion packages, battery-based energy storage systems, switchboards, smart automation platforms, and integrated bridge navigation suites, including the Raven INS; Norwegian Greentech AS, which manufactures compact, chemical-free ballast water treatment systems (BWTS) and advanced water filtration solutions for marine vessels and land-based aquaculture facilities; and HAV Hydrogen AS, which designs turnkey, zero-emission marine fuel cell systems and scalable containerized hydrogen energy pods. HAV Group serves shipowners, shipyards, and marine operators across the Nordic region, Europe, Asia, and the Americas. In recent operational and strategic developments, HAV Group has accelerated its commercial expansion through targeted acquisitions, including Norwegian Greentech's acquisition of aquaculture technology provider Undheim System AS to strengthen its land-based water treatment capabilities, alongside the establishment of new international engineering and service branches for Norwegian Electric Systems in key European shipbuilding markets. Furthermore, the company has advanced its clean energy transition roadmap by securing approval in principle from class societies for its containerized hydrogen power systems, expanding its smart digital vessel control offerings, and securing major contracts for hybrid-electric propulsion and automation packages across the offshore energy and passenger ferry sectors.