1. Norway Stocks

  2. •

    Producer manufacturing

  3. •

    Trucks/Construction/Farm machinery
Eqva ASA

Eqva ASA

2.66
NOK
-0.13
(-4.66%)
-0.09EPS
281.21MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
88.01
106.6
78.1
85.7
53.06
79.27
90.24
67.26
36.43
3.08
9.16
13.18
15.95
16.89
Basic EPS, GAAP
6.13
1.24
-4.9
-1.58
-2.41
-7.78
-14.8
3.43
14.01
-0.3
-0.33
0.37
0.56
-0.1
Free Cash Flow per Basic Share
11.67
-9.28
-0.91
2.96
-2.7
5.48
-8.32
-2.39
12.81
-0.5
-0.79
1.32
1.09
- -
Dividend per Share
1.1
4.22
0.53
0.01
- -
- -
- -
- -
- -
- -
- -
0.18
- -
- -
Book Value per Share
28.74
26.2
20.03
17.42
15.42
8.53
-6.52
-3.19
12.04
4.31
3.99
4.24
4.85
4.54
Tangible Book Value per Share
25.84
22.48
12.09
9.66
5.37
-1.16
-11.95
-8.75
12.04
0.39
0.11
0.11
-0.16
-0.43
Basic Weighted Avg Shares
23
23
23
23
25
25
25
25
25
72
72
81
80
84
Sales/Revenue/Turnover
1,983
2,402
1,760
1,995
1,315
1,964
2,236
1,667
903
222
659
1,061
1,279
1,420
Operating Margin (%)
9.11
2.5
-3.45
5.2
-2.06
-6.06
-9.58
1.56
5.7
-13.06
1.59
6.02
3.82
2.59
Depreciation Expense
18
21
28
28
29
56
65
39
6
10
15
15
37
45
Net Income, GAAP
138
28
-110
-37
-60
-193
-367
85
347
-21
-24
30
45
-8
Effective Tax Rate (%)
25.88
23.25
- -
- -
- -
- -
- -
- -
- -
- -
- -
14.2
- -
- -
Profit Margin (%)
6.97
1.17
-6.28
-1.84
-4.54
-9.81
-16.4
5.09
38.45
-9.66
-3.6
2.82
3.49
-0.59
Working Capital
102
164
124
174
102
-191
-314
-259
115
47
35
-7
12
349
LT Debt
98
209
230
169
174
- -
41
33
5
162
134
110
215
586
Total Equity
668
596
509
486
481
293
-115
-31
298
312
290
312
410
413
Return on Invested Capital (%)
13.23
2.91
- -
- -
- -
- -
- -
- -
- -
- -
- -
10.89
- -
- -
Return on Capital (%)
14.63
3.19
- -
- -
- -
- -
- -
- -
- -
- -
- -
8.92
- -
- -
Return on Common Equity (%)
23.93
4.52
-21.21
-8.31
-14.7
-65.15
- -
- -
- -
-7.06
-7.99
9.91
12.41
-2.14

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
129
19
23
LT Borrowings
168
537
539
LT Finance Leases
46
37
47
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
83
89
89
Market Capitalization
290
271
281

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
486
667
704
Cash, Cash Equivalents & STI
127
360
245
Accounts Receivable, Net
223
251
278
Inventories
16
17
25
Total Current Liabilities
474
291
354
Payables & Accruals
- -
- -
- -
ST Debt
129
19
23
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-128.63%
-205.9%
31.38%
Free Cash Flow
-225.38%
-199.28%
-17.86%
Net Income, GAAP
22.32%
7.44%
49.48%
Sales/Revenue/Turnover
17.46%
31.51%
20.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
258
214
273
339
1,061
2025
253
345
332
358
1,279
2026
370
360
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.42
0.13
-0.06
-0.13
0.37
2025
0.47
- -
0.12
-0.02
0.56
2026
-0.09
-0.1
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.18
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Olav Hilmar Koløy
Full Time Employees
704
Sector
Producer manufacturing
Industry
Trucks/Construction/Farm machinery
Address
Handelandsvegen 75 Husnes Norway 5451
IPO Date
Jul 1, 2014
Website
eqva.no
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Business
Eqva ASA is a Norwegian industrial holding company that acquires, develops and actively owns tier-1 service providers delivering productive, safe and sustainable technical solutions to maritime, power-intensive, offshore, land-based and renewable energy sectors; it operates primarily through its core platform EQVA Industrial Solutions (EIS), alongside renewables and real estate segments. The company offers comprehensive engineering, installation, maintenance and fabrication services including mechanical engineering, HVAC systems via BKS VVS, power and automation via BKS Power & Automation, electrical installations via Kvinnherad Elektro, custom industrial solutions and turnkey projects via IMTAS and BKS Industri, tank production via Marine Support, structural and piping engineering via Zenit Engineering, and renewable energy projects encompassing small-scale hydropower operations through Fossberg Kraft; it serves customers in smelters, aquaculture, process industries and the green transition across Norway with international exposure. Founded in 1999 and headquartered in Kvinnherad, Norway (with operations centered in Husnes and Fosnavåg), Eqva ASA, formerly Havyard Group ASA until its name change in November 2022, pursues a buy-and-build strategy targeting asset-light Nordic industrial service firms for accretive growth. Recent developments include the May 2024 launch of EQVA Industrial Solutions as its primary platform; the October 2024 acquisition of Kvinnherad Elektro Group; the February 2025 acquisition of IMTAS Group; the March 2025 acquisition of Austevoll Rørteknikk (ART), strengthening its aquaculture positioning and closed in October 2025 with a mix of cash and locked-up shares; and robust Q2 2025 results showing 47% revenue growth driven by these integrations, alongside an upward trend in pro-forma EBITDA for EIS and a maintained equity ratio above 30% supporting further M&A.