Nekkar ASA - Norwegian disruptor

Waiting game :thinking:

  • Revenue is falling again with Syncro
  • Still have cash, no debts
  • Cash flow is negative
  • More orders received, also after the end of the quarter

https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=659499&attachmentId=314500

There is a promise of a better future, just waiting for implementation

Nekkar ASA (Nekkar) delivered revenue of NOK 124 million in the third quarter, a reduction of 12% from the same quarter in 2024 (140), mainly driven by lower activity within Syncrolift. EBITDA was NOK 3 million (14), equivalent to a margin of 2.5% (10%). The reduction reflects lower Syncrolift activity and a negative contribution from Techano Oceanlift projects. The balance sheet remains strong with a net cash position of NOK 170 million.

While third quarter results were impacted by temporarily lower activity and one-off cost overruns, Nekkar, with roughly one-third of activity linked to a growing defence segment, remains well positioned to deliver on its long-term ambitions. In that regard, Nekkar will today hold a physical Capital Markets Day to further elaborate on its ongoing development and aspirations. The presentation from the Capital Markets Day will be published on our webpages alongside quarterly material.


Today’s CMD materials

https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=659538&attachmentId=314529

targets 2027:


acquisitions are expected as per previous info, to reach 1.5->2.0 BNOK

Some small addition coming soon

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