Nekkar ASA - norjalainen disruptoija

Australian Cairns’iin on vahvistettu nosturin ja satama-alueen rahoitus. Edellinen aussien kilpailutus Darwinissa meni paikallisen työn painotuksella Pearlsonille. Nyt olisi uusi mahdollisuus Syncroliftillä :crossed_fingers:

https://statements.qld.gov.au/statements/98023

Green lights for fully funded Cairns Marine Precinct

  • The Palaszczuk Government invests a further $30m to deliver full funding of the new Common User Facility at the Cairns Marine Precinct
  • 5000-tonne shiplift, worth $360 million, will be fully funded by Federal and State Labor Governmentst

The Palaszczuk Government has announced another $30 million for the Cairns Marine Precinct, delivering full funding and green lights for the Cairns Marine Precinct Common User Facility (CUF).

The $360 million facility includes a 5000-tonne shiplift, allowing ships of up to 120 metres in length to be repaired and maintained on three hardstand areas.

The CUF will have state-of-the-art facilities, such as the two climate-controlled sheds which will allow for 24-hour operation of blasting and painting vessels.

The Self-Propelled Modular Transporter (SPMT) will be integral to the CUF. The SPMT is a platform heavy hauler with a large array of wheels which are able to be positioned in any direction allowing the manoeuvre of large vessels from the shiplift to the sheds and the three hard stand areas.

The project will also include more capacity for wet berths to allow for additional in-water maintenance.

This additional $30 million completes the project’s funding requirements in line with the detailed Business Case recommendations.

This commitment follows the Australian Government’s confirmation of matched funding in this year’s Federal Budget.

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Dubaihin parit nosturit :handshake:
5M USD ja toimitus 2026 alkupuolella
https://newsweb.oslobors.no/message/650738

4th July 2025 - Nekkar ASA’s subsidiary Syncrolift AS has been awarded a
contract to deliver two ship transfer systems to Dubai Maritime City (DMC) a
specialized maritime zone in the United Arab Emirates.

The total contract value for Syncrolift is USD 5 million. The systems will be
delivered in the beginning 2026. Syncrolift will conduct project management and
engineering from its headquarter and Innovation Centre in Vestby, Norway.

“DMC continues to showcase its satisfaction with and trust in Syncrolift as a
critical supplier. Continuous 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 Rolf-Atle Tomassen,
managing director of Syncrolift AS.

Tiedonantopolitiikka meni myös uusiksi.

UPDATE TO CONTRACT ANNOUNCEMENT POLICIES:

In order to increase transparency and awareness surrounding contract award
announcements from operating companies, Nekkar ASA has updated its Investor
Relation policy with the information provided below. This information can also
be reviewed at
https://nekkar.com/investors/corporate-governance/investor-relations-policy.

Contract announcement policy:

Nekkar ASA comprises multiple operating companies across different industries
and with a different level of company maturity. This means that the nominal
value of a single contract and its ability to impact overall company perception
will differ across companies, highlighting the need for a case-by-case
consideration in many cases.

Syncrolift, Nekkar ASA’s largest and most mature operating company, is different
from the other operating companies in this regard with its size, maturity,
global position and influence on overall Nekkar performance. Nekkar ASA has
therefore separated contract announcement thresholds into two brackets as per
below: (i) Syncrolift awards, (ii) all other awards.

For Syncrolift contract awards, values above NOK 50 million will be subject to
regulatory stock exchange announcements in addition to updates on the Nekkar
webpage and in social media. Contract awards with a value above NOK 20 million
(but below NOK 50 million) will be reported as non-regulatory press releases, in
addition to updates on the Nekkar webpage and in social media. Awards below NOK
20 million will be subject to social media and webpage announcements on a
case-by-case basis.

For contract awards in other operating companies, the differentiated nature and
maturity of the companies means a strategic consideration on a case-by-case
basis will be a more prudent approach. Contracts with relatively little revenue
value may for example still be deemed strategically important. If so, awards of
low nominal value may still be published as a non-regulatory press release.

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Hiljaista on, niin nostetaan nyt Globetechin yhteistyökuviot esille

Expanding Reach, Enhancing Capabilities

The partnership is designed to unlock new commercial opportunities by combining Globetech’s strong customer relationships and technical expertise with VesselITSupport’s local capacity and service technicians in Rotterdam. Together, the companies will offer enhanced support for marine vessels and offshore installations across the globe.

“This partnership allows us to deliver faster, more efficient service to our customers operating in and around Rotterdam,” says Hans Eirik Onarheim, CEO of Globetech AS. “It’s a strategic move that strengthens our value proposition and ensures we remain competitive in a rapidly evolving maritime industry.”


Technicians from VesselITSupport will operate under Globetech branding during assignments, ensuring a unified customer experience. The companies have also agreed on mutual confidentiality, customer protection, and governance structures to support long-term cooperation.

VesselITSupport ilmeisesti siis toteuttaa palvelua Globetechille Rotterdamin satamassa, mikäli tuon ymmärsin tiivistetysti oikein.

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naapurikanavalta lainattuna tiivistelmä

Nekkar is an industrial technology holding company and central to our investment case are:

    1. A solid revenue base from Syncrolift (75% of LTM revenue), with EBITDA margins >20% over the past six years. The share of service revenues is growing (+170% from 2020 to 2024) and now represents ~20% of revenues. Furthermore, the company operates a capital-light model, with OpFCF margins of ~20% due to low capex needs. Additionally, Syncrolift effectively operates in a duopoly, with the company maintaining a ~60% market share over the last decade.
    1. You get the rest of the business for “free”: FiiZK, Globetech, Techano, and Intellilift — of which 3 out of 4 were profitable in 2024, with a blended EBITDA margin of ~10%.
    1. Nekkar is NOK154m net cash (14% of current market capitalization) and has an active M&A agenda which has been successful historically.
    1. our SOTP (sum-of-the-parts) yields NOK15/sh. If one assumes company guidance of NOK2bn in 2027e revenue and an EBITDA margin of 10–20%, the share currently trades at 3x EV/EBITDA and P/E of 6x.
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H1 ulkona, ei niin kovilla odotuksilla omissa arvioissa mutta paremminkin olisi voinut mennä :neutral_face:

https://newsweb.oslobors.no/message/654044

28 August 2025 - Nekkar ASA (Nekkar) delivered revenue of NOK 139 million in the
second quarter, a reduction of 7% from the same quarter in 2024 (150) mainly
driven by lower activity within Syncrolift. EBITDA was NOK -12 million (20),
equivalent to a margin of -9% percent (13%) driven by the above-mentioned
activity in Syncrolift and cost increases in Techano Oceanlift projects. The
balance sheet remains strong with a net cash position of NOK 225 million.

Presis
https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=654044&attachmentId=310652

Ja H1-raportti
https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=654044&attachmentId=310653

Syncroliftin mukana tulos vielä heiluu, mutta muut toiminnot alkavat pian kantaa isompaa osaa kokonaisuudesta. Synro ei ole hävinnyt kilpailutuksia, mutta eipä niitä ole voitettukaan. Prosessit kestäneet odotettua pidempään. Lisäksi USD-NOK kurssit olleet epäsuotuisat.


Defence -sektorille odotettavissa kysyntää jatkossa, prosessit sielläkin vaan kestää :person_shrugging:

Tender activity in the defence segment remains particularly high, both for new shiplifts and upgrade projects. Geopolitical uncertainty is increasing agility requirements for naval shipyards, which is expected to drive further investment in this area. As Syncrolift is a project-based business, quarterly fluctuations must be expected. However, Nekkar anticipates that defence-related revenues will account for a growing share of the company’s overall revenue streams, driven by Syncrolift.

Yleisnäkymää toiminnoittain


Laitetaan vielä Redeyn pikakommentit jatkoksi

Redeye comments on Nekkar’s Q2 report, that presented mixed figures during a relatively slow period. Techano delivered sales above expectations, driving a top-line beat of 15%. Costs also grew increasingly, missing our profitability expectations with negative EBITDA figures. We expect to make downward adjustments for our near term estimates, while arguing that long term fundamentals remain strong.

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Fiizkille pitäisi tämän maistua :cowboy_hat_face:


Ja Intelliliftille sopimus InteliWellin kanssa. Jatkossa tulossa varmasti lisää

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https://www.marketscreener.com/news/danske-bank-initiates-coverage-of-nekkar-with-buy-rating-and-target-price-of-18-norwegian-kroner-b-ce7d5ad3db8fff24

Jos joltain löytyy Dansken analyyseihin pääsyä, niin mielellään tiivistelmää ottaisi tänne vastaan :blush:
Tai privana voi toki laittaa myös :slight_smile:

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Nekkarin uudet sivut avattu, hyvin selkeä ja sijoittajaa kiinnostavaa informaatiota löytyy nyt hyvin :+1:

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Mowi tilaamassa 4kpl suljettuja altaita, ollut Fiizk’n asiakas ja kehittämässä järjestelmiä.

Ja jos tarkastelee logoa, niin on kovin tutun näköinen. Näitähän tarvitaan tuon mukaan 12kpl lisää, että lisenssit saadaan palautettua :smiling_face_with_sunglasses:

https://mowi.com/wp-content/uploads/2025/11/Mowi_Q3_2025_Presentation.pdf

Ja Intelliift / Inteliwell osalta lisätilaus Transoceanilta, nyt neljäs menossa ja lisää tulossa

Nekkar ASA: Subsidiary wins new rig services contract

4.11.2025 21:21:54 CET | Nekkar ASA | Non-regulatory press releases November 4, 2025 - Intellilift and InteliWell sign a contract for their joint venture’s game-changing drilling automation solution.

InteliWell, a joint venture formed to accelerate autonomous well construction, has today announced that it has secured a contract to provide automation services on the Transocean Deepwater Titan, an ultra-deepwater drillship operating in the Gulf of America.

The InteliWell platform will be installed in the coming quarter. Initially, automation services will concentrate on automated tripping and drilling connections, utilizing the InteliAutomate and InteliTrak applications.

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Redeyn Theme Event: Defence

CEO Ole Falk Hansen esittämässä Syncroliftiä nimenomaan Defencen näkökulmasta

  • Hyvä yleiskatsaus Syncroliftin tuotevalikoimasta :green_circle:
  • Backlog on purkautumassa, enää n. vuoden liikevaihdon verran jäljellä :yellow_circle:
  • Defence -puolelta odotetaan myötätuulta, Navy puolen kysyntä on myös lisääntymässä, mikä pitäisi näkyä myös telakoiden kehityksessä :green_circle:

sieltä se ilmoitus tuli - hieman viiveellä, kun piti ilmeisesti odottaa musteen kuivumista :joy:

12 November 2025 - Aquaculture industry supplier FiiZK, which is an associated company of Nekkar ASA (Nekkar), has been awarded the delivery of four Protectus closed containment systems to a Norway-based undisclosed customer.

The Protectus systems will according to plan be delivered in series of two through the end of 2026 and beginning of 2027.

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Waiting game :thinking:

  • Liikevaihto laskee taas Syncron mukana
  • Kassaa on vielä, ei velkoja
  • Kassavirta miinuksella
  • Tilauksia tullut lisää, myös kvartterin lopun jälkeen

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

Lupausta paremmasta jatkosta on, toteutusta vaille

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.


Vielä tämän päivän CMD-materiaalit

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

tavoitteet 2027:


yritysostoja tiedossa aiemman infon mukaisesti, jotta 1,5->2,0 BNOK saadaan täyteen

Joku pieni lisäys tulossa pian

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