### Author:  [@Jippe](https://forum.inderes.com/u/Jippe)
#### Post date: [Syyskuu 14, 2023, 3.59pm UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/103 "2023-09-14T15:59:59Z")
Nekkar ilmeisesti asiakakkaiden toiveesta kehittelee uudenlaista nosturia, jota voi nosteluiden välissä käyttää purjeena: [Nekkar](https://techtransfer.no/en/maritime/nekkar/). Patenttiakin tälle polttoaineen kulutusta vähentävälle innovaatiolle on haettu.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Marraskuu 16, 2023, 11.26am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/104 "2023-11-16T11:26:58Z")
Mielenkiintoinen yhteys 🧐
Kattava X-ketju Nekkarista 👍
>
Ketjun lähde ℹ :
[https://hcandersencapital.dk/youth-board/](https://hcandersencapital.dk/youth-board/)
Ja Inderes & HC Andersen Capital 🤝
> **[Inderes toteuttaa suunnitellusti vähemmistösijoituksen HC Andersen Capitaliin...](https://www.inderes.fi/fi/tiedotteet/inderes-toteuttaa-suunnitellusti-vahemmistosijoituksen-hc-andersen-capitaliin-ja)**
>
> Inderes Oyj, Yhtiötiedote 18.5.2022 klo 12.15Inderes toteuttaa suunnitellusti vähemmistösijoituksen HC Andersen Capitaliin ja toteuttaa kaupan yhteydessä suunnatun osakeanninInderes Oyj on tänään allekirjoittanut sopimuksen, jonka myötä Inderes...
---
### Author:  [@Jippe](https://forum.inderes.com/u/Jippe)
#### Post date: [Marraskuu 27, 2023, 9.17am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/105 "2023-11-27T09:17:02Z")
# Nekkar ASA: Syncrolift awarded USD 15 million newbuild project
lähde: [NewsWeb](https://newsweb.oslobors.no/message/605022)
isoa uustilausta pukkaa näin osavuosikatsauksen aattona 😋
---
### Author:  [@naata](https://forum.inderes.com/u/naata)
#### Post date: [Marraskuu 28, 2023, 6.39am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/106 "2023-11-28T06:39:43Z")
Perusrapsa Nekkarilta, ensisilmäyksellä ei oikein mitään ihmeempiä.
> “Steady project execution in all businesses lies behind another strong quarter
> from Nekkar. We are very pleased with the progress being made in both Syncrolift
> business and our growth companies,” says Ole Falk Hansen, CEO of Nekkar.
[https://newsweb.oslobors.no/message/605093](https://newsweb.oslobors.no/message/605093)
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Joulukuu 14, 2023, 7.55am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/107 "2023-12-14T07:55:04Z")
SkyWalkerin kehittämiseen lisää avustusta ja yhteistyöprojektia 👍
[https://newsweb.oslobors.no/message/606595](https://newsweb.oslobors.no/message/606595)
> _14 December 2023_ - A project consortium headed by Nekkar ASA, and including Kongsberg Maritime, DOF, an undisclosed global wind farm developer and several leading research institutions, has conditionally been awarded a research and innovation grant of NOK 75.2 million, in total, through the Norwegian government’s Green Platform Initiative.
> **The project will develop a remote-controlled, self-hoisting lifting equipment, based on Nekkar’s SkyWalker wind turbine installation tool** , that moves up and down the turbine tower to replace the main components like gearbox, blade, etc. while on-site offshore
---
### Author:  [@naata](https://forum.inderes.com/u/naata)
#### Post date: [Joulukuu 28, 2023, 11.06am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/108 "2023-12-28T11:06:55Z")
Pikkukaupat Technanon puolelta vuoden loppuun
> **Nekkar’s subsidiary Techano Oceanlift has been awarded a contract by Sefine Shipyard to deliver an offshore crane to a newbuild subsea IMR/survey vessel.**
>
> Techano Oceanlift will supply a 150-tonnes crane capable of performing subsea construction work plus topside lifting operations. The contract value is approximately EUR 6.5 million.
[https://nekkar.com/news/techano-oceanlift-awarded-offshore-crane-contract](https://nekkar.com/news/techano-oceanlift-awarded-offshore-crane-contract)
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Tammikuu 22, 2024, 7.05am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/109 "2024-01-22T07:05:50Z")
Backlogiin täydennystä 👍
Ensimmäisen osan 5M USD pitäisi valmistua 2024 loppuun
Optio 24M USD tilaukseen 🤑
[https://newsweb.oslobors.no/message/608927](https://newsweb.oslobors.no/message/608927)
> Nekkar ASA: Letter of award for shiplift project to Syncrolift
> 22.1.2024 08:00:01 CET | Nekkar ASA | Additional regulated information required
> to be disclosed under the laws of a member state
>
> 22 January 2024 - Astilleros y Maestranzas de la Armada (ASMAR) has awarded
> Nekkar ASA’s subsidiary Syncrolift AS the tender for the basic engineering
> design of a 5,000 tonnes shiplift and transfer system at its shipyard in
> Talcahuano, Chile.
>
> Syncrolift’s engineering design scope for the shiplift and transfer system is
> valued at USD 5 million and will be completed by the end of 2024. In addition,
> international engineering firm Royal Haskoning DHV will conduct a separate
> engineering scope for civil and maritime works in the harbour area as part of a
> consortium with Syncrolift.
>
> The letter of award includes an option for a phase two equipment delivery of a
> Syncrolift shiplift and ship transfer system. This contract is valued at
> approximately USD 24 million and is subject to final investment decision by
> ASMAR.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Helmikuu 15, 2024, 6.45am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/110 "2024-02-15T06:45:26Z")
Vahvaa tekemistä 🤠
Tällä kyllä kelpaa olla salkun suurin omistus
[https://newsweb.oslobors.no/message/610864](https://newsweb.oslobors.no/message/610864)
> **[Nekkar%20ASA\_Q4\_2023\_presentation.pdf](https://kommunikasjon.ntb.no/ir-files/17847326/2916/4081/Nekkar%20ASA_Q4_2023_presentation.pdf)**
>
> 3.79 MB
> Nekkar ASA (Nekkar) delivered all-time high fourth quarter and yearly revenues in 2023. The revenue for the fourth quarter was NOK 179 million, up 43 percent versus the same quarter in 2022 (125). EBITDA was NOK 32 million, representing a 137 percent increase (14). Order intake was strong at NOK 242 million in the quarter (105).
Tilauskertymä vahvaa, tähän päälle vielä Darwin 🤞🤑
Intellilift - uusia asiakkaita putkessa
Fiizk - suljettuja kasvattamoja pitäisi saada käyttöön, selviäisi monta ongelmaa
Ja vielä lukuja perään
---
### Author:  [@IsoMaki](https://forum.inderes.com/u/IsoMaki)
#### Post date: [Helmikuu 26, 2024, 6.25pm UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/111 "2024-02-26T18:25:36Z")
Pientä ennustettavaa huoltosopimusta saatu:
[https://live.euronext.com/en/node/12373138](https://live.euronext.com/en/node/12373138)
Syncrolift Pvt. Ltd, a company owned by Nekkar-owned
Syncrolift AS and Varya Pvt. Ltd., has been awarded a five-year contract for
ongoing maintenance of a ship transfer system currently installed at the Indian
Navy’s naval ship repair yard in Karwar, India.
The total contract value is approximately NOK 23 million over the five-year
period. It is the third consecutive time the joint venture wins this maintenance
agreement.
---
### Author:  [@IsoMaki](https://forum.inderes.com/u/IsoMaki)
#### Post date: [Maaliskuu 4, 2024, 9.25am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/112 "2024-03-04T09:25:04Z")
Ja tilauskirjoihin täytettä.
[https://live.euronext.com/en/node/12378205](https://live.euronext.com/en/node/12378205)
> 04 March 2024 - Nekkar ASA’s subsidiary Syncrolift AS has been awarded a
> contract to deliver a package of ship transfer systems to specialized maritime
> zone Dubai Maritime City (DMC) in the United Arab Emirates.
>
> The total contract value for Syncrolift is USD 8 million. The equipment will be
> delivered during 2024. Syncrolift will conduct project management and
> engineering from its headquarter and Innovation Lab in Vestby, Norway.
>
> This latest contract follows an award in June 2023 for delivery of an identical
> ship transfer system to DMC. DMC has now decided to buy three more transfer
> systems.
>
> “This transfer system is the future for all shipyards that are struggling with
> load capacity. Our new transfer system is designed in such a way that it will
> increase the lifting capacity of shiplifts while reducing cost of maintenance,”
> says Rolf-Atle Tomassen, managing director of Syncrolift AS.
>
> In December 2022, Syncrolift received a USD 10 million letter of award to
> modernize two shiplift systems at DMC. The first of these two shiplifts has
> recently been successfully commissioned by the Syncrolift team.
>
> “DMC has over the past few years become an important customer of our shiplifts
> and ship transfer systems. To secure repeat business from DMC is a testament to
> the Syncrolift team’s ability to deliver. We are very pleased with this latest
> award and our general global win rate in this market,” says Ole Falk Hansen, CEO
> of Nekkar ASA.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Huhtikuu 24, 2024, 8.52am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/113 "2024-04-24T08:52:49Z")
Darwin ilmeisesti menossa Pearlsonille 🤷
Ei pääsyä ko. sivulle ja ainoa lähde ainakin toistaiseksi.
Lähde ko. median lähteet, tämä lisätty naapuripalstalta
Naapuripalstalle jaettu koko artikkeli. En tuo sitä tänne, kun on maksumuurin takana.
Poiminta
> The NT News revealed exclusively this month that the NT government had slashed local procurement targets for the project.
>
> NT companies are given a 20 per cent favorability weighting when tendering for NT government jobs, but this was changed unannounced for the ship lift project to five per cent without industry or community consultation.
>
> A local businessman expressed fury at Pearlson’s failure to engage with the local community in the lead up to and during the tender process.
Eli kolme kilpailijaa ollut mukana. Tämän kokonaisuuden kalleimman osan, eli nostureiden osalta ei ollut tarjolla paikallista vaihtoehtoa. Painotukset olleet paikallisessa työssä, mutta painotus poistettu yllättäen kokonaan lopullisesta päätöksestä. Voi tulla valituksia tai sitten ei…
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Toukokuu 2, 2024, 4.52pm UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/114 "2024-05-02T16:52:05Z")
👀
> **[Control system engineers | Intellilift](https://www.linkedin.com/posts/intellilift_control-system-engineers-activity-7191781064380428289-ncNm)**
>
> WE ARE HIRING!!!
>
> Intellilift is a growing technology company specializing in sustainable digital solutions targeted at many industries, including the energy sector. We are currently experiencing significant interest in our self-developed flexible...
> Intellilift on kasvava teknologiayritys, joka on erikoistunut kestäviin digitaalisiin ratkaisuihin monille teollisuudenaloille, mukaan lukien energiasektori. Koemme tällä hetkellä merkittävää kiinnostusta itse kehittämäämme joustavaan digitaaliseen ekosysteemiimme ja olemme äskettäin aloittaneet useita jännittäviä uusia projekteja sekä olemassa olevien että uusien asiakkaiden kanssa.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Toukokuu 16, 2024, 5.19am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/115 "2024-05-16T05:19:02Z")
+50% liikevaihto Q1/23 verrattuna. Q1 yleensä ollut heikoin kvartaali Syncroliftillä, joten laskua toki edelliseen Q4:een.
Tilaukset kasvussa, backlog isompi kuin pariin vuoteen
Hyvältä näyttää siis monilta osin 👍
EPS 0,10 vs 0,11 aiempaan, joka ainoa nega tässä rapsassa omaan silmään.
> In this year’s first quarter, Nekkar ASA (Nekkar) delivered 50 percent increase in revenue and 33 percent higher EBITDA compared to the same quarter last year. Revenue was NOK 152 million (101) and EBITDA ended at NOK 30 million (23), equivalent to a margin of 20 percent (22.6).
> Nekkar reported revenue of NOK 152 million (101) in this year’s first quarter. EBITDA was NOK 32 million (23), equivalent to an EBITDA margin of 20 percent (22.6). EBIT was NOK 28 million (20). Cash flow from operations was NOK 31 million in the quarter. Nekkar’s balance sheet is strong with NOK 197 million in
> cash, no interest-bearing debt, and an undrawn NOK 200 million credit facility as of 31 March 2024.
Pääasialliset syyt EPS:n laskulle:
> Q4 Net financial items includes Nekkar’s share ofFiiZK’s quarter loss, totaling MNOK 6. Net financialitems is also driven by losses on FX contracts notqualifying for hedge accounting
Tarkemmin:
[https://newsweb.oslobors.no/message/618982](https://newsweb.oslobors.no/message/618982)
Ja sijoittajapresis:
[Nekkar ASA Q1 2024 presentation.pdf](https://forum.inderes.com/uploads/short-url/fGwg97tM4ohKyuFwzoAu4oAtQTS.pdf) (2,7 Mt)
Techano hyvässä kasvuvauhdissa
Skywalker edistymässä 🤔
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Kesäkuu 6, 2024, 8.20am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/117 "2024-06-06T08:20:18Z")
Uutta tilausta vahvistumassa Chileen 🥳
[https://www.asmar.cl/asmar-y-syncrolift-as-firman-contrato-para-modernizacion-de-su-astillero-en-talcahuano/](https://www.asmar.cl/asmar-y-syncrolift-as-firman-contrato-para-modernizacion-de-su-astillero-en-talcahuano/)
> The award of the tender to Syncrolift AS represents a significant investment in technology and safety standards for ASMAR workers. The Director explained that the project will allow shipbuilding, ship repair and support services activities to be concentrated in a specific area of the plant, thus optimizing processes and resources.
>
> With the signing of this contract, ASMAR will have the basic engineering and the purchase option of the main equipment related to the Industrial Complex, subsequently allowing the execution of the works with a total estimated cost of the project in the order of 80 million dollars. .
>
> The new Patio de Varada Industrial Complex will have the capacity to simultaneously carry out dry work for up to five ships, with an elevator car that will support up to 127 meters in length and 4,500 tons of displacement.
Koko projekti 80M USD, eli ei ihan pieni investointi. Tästä toki vain osa Synchroliftille.
Edit: liittyy siis tuonne aiempaan Chilen Asmarin 5M USD suunnitteluprojektiin, jossa optio jatkotilauksille 24M USD edestä.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Kesäkuu 7, 2024, 6.21am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/118 "2024-06-07T06:21:14Z")
Omien osto-ohjelma jatkuu 🤩 .
Sopii hyvin näin ei-norjalaisen näkökulmasta, että ei tarvitse osinkojen ylimääräisiä veroja hakea takaisin 😅
[https://newsweb.oslobors.no/message/620942](https://newsweb.oslobors.no/message/620942)
> The Board of Directors of Nekkar ASA (“Nekkar” or the “Company”) has resolved to
> renew the share buy-back program. The share buy-back program will be executed in
> accordance with the authorization granted to the Board of Directors by the
> Annual General Meeting of Nekkar held on May 30, 2024. In accordance with said
> authorization, the shares acquired are intended to be used in connection with
> Nekkar’s incentive programs for employees and board members, to be deleted by
> way of reducing Nekkar’s share capital subject to any resolution by the
> Company’s shareholder meeting or for other corporate purposes.
>
> The share buy-back program covers purchase of up to 10,742,711 shares and the
> maximum amount of the program shall be NOK 100 million. Actual utilization
> within said limits will depend on several factors, such as trading volumes and
> other limitations under commission delegated regulation 2016/1052 (EU) on
> buy-back programs, and the number of shares actually bought may consequently be
> substantially lower. The buy-back program is expected to commence immediately
> and is planned finalized within May 30th, 2025 at the latest.
>
> The share buy-back program will be managed by Pareto Securities, which will make
> its trading decisions regarding the timing of the share repurchases
> independently of, without influence by, and without access to sensitive
> information concerning, Nekkar.
---
### Author:  [@Jippe](https://forum.inderes.com/u/Jippe)
#### Post date: [Heinäkuu 1, 2024, 6.25am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/119 "2024-07-01T06:25:34Z")
Redeye aloittaa Nekkarin seurannan basecase-tp:llä 17 kruunua. Toinen analyytikko omistaa lisäksi itse osakkeita. [Nekkar: Hidden Marine Engineering Champion](https://www.redeye.se/research/1017534/nekkar-hidden-marine-engineering-champion?utm_source=initiating&utm_medium=email¬ificationId=e83dd4fe-824e-4837-ad60-8ea020b4ec62)
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Heinäkuu 3, 2024, 5.14am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/120 "2024-07-03T05:14:20Z")
Uutta digitaalista jalkaa kasvulle
> **[NewsWeb](https://newsweb.oslobors.no/message/622975)**
1. heinäkuuta 2024 – Nekkar ASA on solminut sopimuksen tullakseen nopeasti kasvavan ja kannattavan merenkulun liitettävyys- ja digitaalisten palvelujen tarjoajan Globetech AS:n enemmistöosakkaaksi.
KOHOKOHDAT
- Hankkii yhtiön, jolla on yli 10 vuoden kokemus kannattavasta kasvusta
- 20 %:n EBITDA-marginaali ja 50 % toistuvista tuloista
- Ennustettava tulovirta vähentää riippuvuutta Nekkarin projektipohjaisista liiketoiminnoista
- Sopii hyvin Nekkarin strategiaan digitalisoida meripohjaisia teollisuudenaloja
- Kaupallisia synergioita Globetechin ja muiden Nekkarin tytäryhtiöiden välillä
\u003e Globetech tarjoaa tieto- ja viestintäteknologian (ICT)
\u003e infrastruktuuria, liitettävyys- ja tukipalveluita globaalille merenkulkualalle.
\u003e Yhtiö tarjoaa täydellisiä ratkaisuja alusten verkkoinfrastruktuuriin,
\u003e mukaan lukien laitteistot, räätälöidyn ratkaisuarkkitehtuurin ja järjestelmäintegraation
\u003e satelliittiviestintään, sekä kehittää ohjelmistoja ja räätälöityjä ICT-ratkaisuja,
\u003e jotka keskittyvät kyberturvallisuuteen turvallisten ja jatkuvien toimintojen varmistamiseksi.
\u003e Vuonna 2023 Globetechin liikevaihto oli 54 miljoonaa Norjan kruunua ja EBITDA 11
\u003e miljoonaa Norjan kruunua, mikä vastaa noin 20 prosentin EBITDA-marginaalia. Yhtiö
\u003e on kasvanut keskimäärin 28 prosenttia vuosittain kahden viime vuoden aikana, ja se odottaa
\u003e ylittävän 70 miljoonan Norjan kruunun liikevaihdon vuonna 2024, samalla kun se ylläpitää
\u003e samat terveet EBITDA-marginaalitasot.
**Valuaatiosta:**
\u003e Ensimmäisessä vaiheessa Nekkar hankkii 67 prosentin omistusosuuden Globetechistä, jonka
\u003e arvoksi on määritelty 120 miljoonaa Norjan kruunua kaupassa. Osakekauppa maksetaan
\u003e 64 miljoonaa Norjan kruunua käteisellä ja 15 miljoonaa Norjan kruunua Nekkar ASA:n osakkeina. Nekkar käyttää
\u003e yhtiön omia osakkeita osakeperusteisen vastikkeen maksamiseen, jonka arvo perustuu
\u003e VWAP-hintaan (Volume Weighted Average Price) viiden viimeisen päivän ajalta ennen allekirjoit
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Heinäkuu 4, 2024, 7.24am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/121 "2024-07-04T07:24:37Z")
Kun meillä nyt on vihdoin analyytikkoseuranta käytössä, niin viitataan sinne
> **[Nekkar: Acquires Globetech](https://www.redeye.se/research/1018194/nekkar-acquires-globetech)**
>
> Redeye is encouraged by Nekkar’s acquisition of Globetech which was announced this morning. We argue that Globetech fits well into the Nekkar Group with a strong financial track record while adding a
> **Solid deal**
> The transaction is estimated to be finalized in the third quarter of 2024, so we await the finalization and inclusion date into the Nekkar group to incorporate the acquisition into our estimates. Anyhow, we can state that based on our initial take, we expect the acquisition to have a 2% impact on our 2024 figures (impacting only in Q4), while contributing around 9% to our 2025 EBITDA figures. In this contribution, we have excluded the EBITDA attributable to minority shareholders.
>
> We are encouraged by the acquisition in several respects, mainly as Globetech has a proven financial track record and a steady base of recurring revenue. Furthermore, we argue that the price tag of 7.7x EBITDA seems fair, which is in line with Nekkar’s own 2023 multiple. Moreover, we like that the founders are still in the company and are now incentivized both with partial share payment (with 2-year lock-up) as well as earnout based on 2027 figures. While we are positive about the acquisition in several respects, we will not make any direct adjustment to our fair value range as it was acquired in line with group multiples.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Elokuu 7, 2024, 7.01am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/122 "2024-08-07T07:01:41Z")
Yhteisyritys Fiizkiä suunnataan tarkemmin vanhan Starfishin ja Fiizkin aiemman kasvatusallastekniikan suuntaan. Ylimääräisiä rönsyjä pois.
> **[Nekkar: FiiZK Streamlining Continues](https://www.redeye.se/research/1027209/nekkar-fiizk-streamlining-continues)**
>
> Redeye is positive to the news of FiiZK divesting its lice skirt business FiiZK Protection AS. The terms are unknown but we believe its fair to assume resonable pricing. The streamlining now enables
> FiiZK is one of Nekkar’s smaller holdings previously providing closed-cage solutions, technical textiles, and software for the aquaculture industry. FiiZK has been going through a restructuring and its software business was sold in June as we described in our [initiation report](https://www.redeye.se/api/articles/download-file/e2f001e2-89aa-39c9-9e9c-8b457268a37d/Nekkar:%20Hidden%20Marine%20Engineering%20Champion). The company now announced a second divestment of FiiZK’s lice skirt business with a turnover of around NOK100m, representing a market share in Norway of around 80%. The news does not come as a surprise to us and we have previously speculated in our initiation report that it potentially could be sold if the price was right. Potentially the deal could be worth more than NOK100m (5x EBITDA), based on the lice skirts solid margins of around 20% (we estimate). FiiZK will now direct its focus to closed and semi-closed systems as a part of the streamlining process and we are positive to the news. Nekkar does not disclose any transaction details so it’s hard to estimate the net effects on FiiZK financials following the two divestments. As Nekkar is a minority owner, holding 39% of FiiZK, its progress is reported under financial items. We hope to see some more communication regarding the remaining parts of FiiZK going forward.
---
### Author:  [@kettunen](https://forum.inderes.com/u/kettunen)
#### Post date: [Elokuu 22, 2024, 5.12am UTC](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168/123 "2024-08-22T05:12:54Z")
H1 tulokset ja presis
[Nekkar ASA Q2 H1 2024 presentation.pdf](https://forum.inderes.com/uploads/short-url/4r886dDFXJlLWXSVCJ7dCOGqAP1.pdf) (5,8 Mt)
[Nekkar ASA Financial Statement Q2 2024.pdf](https://forum.inderes.com/uploads/short-url/q3tZ1eVyZsFcsVr8BNoReOin1Or.pdf) (581,9 Kt)
**InteliWell** 👀
> Following friendly public comments from Transocean’s CEO about successful “simultaneous fully automated online drilling, tripping, and offline stand-building” an undisclosed supermajor has chosen to conduct trials of InteliWell’s system in the Gulf of Mexico, with an option to purchase the system. InteliWell has already demonstrated its substantial benefits and we remain optimistic about its future prospects.
Vuodessa aika paljon tapahtunut
> It is worth remembering that just over a year ago, Nekkar consisted of one mature company (Syncrolift), one growth company (Intellilift) and two innovation projects (SkyWalker and Starfish). Since then, Nekkar has added the growth companies Techano Oceanlift, FiiZK and – subsequent to the end of the second quarter – Globetech to our portfolio. Starfish has been transferred to FiiZK, which recently has entered into agreements to sell both FiiZK Digital and FiiZK Protection as part of its restructuring and streamlining, which will see FiiZK focus on unconventional farming methods including closed and semi-closed cages for fish farming going forward.
Pari muuta poimintaa
> Total cash flow ended at positive NOK 32.6 million, a
> decrease of NOK 22.2 million compared to the first half
> of 2023, largely due to the share buy-back program.
Backlog riittää nykyisellään n. pari vuotta. Eli uusia tilauksia tarvitaan. Q1:llä niitä tuli, Q2 hiljaisempi 🤔
EBITDA margin pudotus aika merkittävä, mukana kertakuluja järjestelyistä.
* * *
Ei nyt ihan optimikvartaali pelkästään tuloksia ja tilauskantaa katsoen. Mutta jos katsotaan, mitä on tehty ja mihin ollaan menossa, niin rakennuspalikat jatkoa varten on erinomaiset. Omien ostot on aktiivisessa käytössä ja niitä hyödynnetään yritysostoissa. Osinkoja ei jaeta (mikä Norjan politiikan osalta on ihan tervetullut) vaan keskitytään pääomien allokointiin ja kasvuun. Uudet hankkeet on jatkuvasti parantuneet ja nousseet uudelle tasolle tuottamaan liikevaihtoa ja nyt myös tulosta.
[Edellinen sivu](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168.md?page=5)
[Seuraava sivu](https://forum.inderes.com/t/nekkar-asa-norjalainen-disruptoija/16168.md?page=7)