Vow Asa ( (SSHPF) ) has released its Q2 earnings. Here is a breakdown of the information Vow Asa presented to its investors.
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Vow ASA is a leading company in the wastewater purification and waste valorisation sector for the cruise industry, with a growing presence in industrial heat treatment and advanced technology solutions for industry decarbonisation and material recycling. The company is headquartered in Oslo and is listed on the Oslo Stock Exchange.
In its latest earnings report for the second quarter and first half of 2025, Vow ASA faced significant challenges due to negative catch-up effects from a project portfolio review, impacting its financial performance. Despite these setbacks, the company reported solid growth in its Aftersales segment and a robust order backlog, indicating strong future prospects.
Key financial highlights include a revenue of NOK 227.6 million for the second quarter, a decline from the previous year, mainly due to negative catch-up adjustments. The company also reported a negative adjusted EBITDA of NOK 33.0 million, heavily influenced by these adjustments. However, the order backlog increased to NOK 1,424 million, providing good visibility for future revenue. Vow ASA also completed the sale of its shares in Vow Green Metals, using the proceeds to repay debt.
Looking ahead, Vow ASA is launching a profit improvement program aimed at strengthening cost control, improving profitability, and increasing operational efficiency. The company remains optimistic about the long-term potential of its solutions, particularly in the Maritime and Aftersales segments, and is focused on capturing new opportunities in the evolving market landscape.