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Vow ASA ( (SSHPF) ) has provided an announcement.
Vow ASA has identified a technical accounting error in its Q1 2025 report, resulting in an overstatement of NOK 16 million in EBITDA, primarily affecting the Industrial segment. Additionally, a one-off EBITDA charge of NOK 30-35 million is expected in H1/Q2 2025 due to an accounting adjustment. This has led to a breach of financial covenants under its loan facilities, prompting discussions with DNB for a waiver. The new management is reviewing business areas to establish a profitable platform for future growth.
The most recent analyst rating on (SSHPF) stock is a Hold with a NOK1.60 price target. To see the full list of analyst forecasts on Vow ASA stock, see the SSHPF Stock Forecast page.
More about Vow ASA
Vow ASA, headquartered in Oslo and listed on the Oslo Stock Exchange, specializes in converting biomass and waste into clean energy and valuable resources. The company is a leader in wastewater purification and waste valorization in the cruise industry and holds niche positions in food safety, robotics, and heat-intensive industries focused on decarbonization.
Average Trading Volume: 2,530,872
Current Market Cap: NOK726.7M
See more insights into SSHPF stock on TipRanks’ Stock Analysis page.