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Vow ASA ( (SSHPF) ) has issued an announcement.
Vow ASA reported record fourth-quarter revenues of NOK 347.4 million on the back of strong cruise newbuild activity and a growing fleet in operation, driving all-time highs in its Maritime Solutions and Aftersales segments and leaving it with a solid NOK 1.7 billion order backlog stretching to 2034. Profitability gains in these core segments were offset by losses and substantial non-cash impairments in Industrial Solutions, prompting a completed strategy review that tightens risk in that business, strengthens segment-level accountability and governance, and underscores a renewed focus on cash management and revised loan covenants agreed with the company’s financing partner.
The group’s adjusted EBITDA was broadly flat year-on-year at NOK 15.8 million as improved operations failed to fully counter the drag from Industrial Solutions, where updated assumptions triggered impairments of NOK 119.3 million. With available liquidity rising to NOK 136.2 million and its lender granting covenant waivers through early 2026 alongside a new covenant structure, Vow is seeking to stabilise its financial footing while doubling down on its stronger maritime and aftermarket franchises and adopting a more selective, risk-balanced approach to future industrial projects.
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 is an Oslo-listed provider of clean-tech solutions that convert biomass and waste into valuable resources and clean energy for industries seeking decarbonisation. Through subsidiaries including Scanship, C.H. Evensen and Etia, it leads the cruise market in wastewater purification and waste valorisation, and holds niche positions in food safety, robotics and heat-intensive, low-carbon industrial processes.
Average Trading Volume: 3,453,666
Current Market Cap: NOK783.1M
For detailed information about SSHPF stock, go to TipRanks’ Stock Analysis page.