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Vow ASA Reports 2024 Financial Results with Significant Impairment Loss

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Vow ASA Reports 2024 Financial Results with Significant Impairment Loss

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Vow ASA ( (SSHPF) ) has issued an announcement.

Vow ASA has published its Annual and Sustainability Report for 2024, revealing a non-cash impairment loss of NOK 41.8 million on its investment in Vow Green Metals AS. This impairment has resulted in a negative full-year result of NOK 132.0 million and a decrease in the equity ratio to 33.7%. This financial adjustment reflects the company’s ongoing challenges in maintaining its market position and financial health.

More about Vow ASA

Vow ASA, headquartered in Oslo and listed on the Oslo Stock Exchange, specializes in converting biomass and waste into valuable resources and clean energy. The company is a leader in wastewater purification and waste valorization in the cruise industry, and it also holds strong positions in food safety, robotics, and heat-intensive industries focused on decarbonization.

YTD Price Performance: -17.65%

Average Trading Volume: 8,271

Technical Sentiment Signal: Buy

Current Market Cap: $38.22M

For detailed information about SSHPF stock, go to TipRanks’ Stock Analysis page.

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