EQVA ASA
Sector unknown·EQVA · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
EU climate and energy policy
Regulation
DriverPositive impact: strengthens
“The race towards carbon neutrality is on, and customers are turning to EQVA for help.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Sustainability characterizes the entire business and creates conditions for long-term profitability and growth. We are an active partner helping our customers to decarbonize.”
Annual report 2024A · The company itself
Chains out: this strengthens Circular economy and recycling, strengthens Energy efficiency
Industrial manufacturing
End markets
Market
“Full-service provider of technical, sustainable solutions and services to maritime and landbased industries.”
Annual report 2024A · The company itself
Market
“EQVA is now a Norwegian-based active business consolidator with a focus on the B2B industrial services market. • Solid operational performance - mainly driven by volume increase in the Industrial Solutions segment.”
Annual report 2024A · The company itself
Market
“EQVA Industrial Solutions (EIS) EQVA’s main asset is EQVA Industrial Solution. Under that umbrella we operate a number of independent businesses with combined proforma 2024 turnover of NOKm 1.299 with an EBITDA (ltm) of NOKm 88.”
Annual report 2024A · The company itself
Market
“BKS is a full-service provider of technical installations to the land-based and maritime industry in Norway.”
Annual report 2024A · The company itself
Market
“Kvinnherad Elektro provides power & automation services to industrial clients, public services and households.”
Annual report 2024A · The company itself
M&A and consolidation
Macro
StrategyPositive impact: strengthens
“The order intake in 2024 has mainly been driven by BKS with add-ons from the purchase of Kvinnherad Elektro Group. • Acquisition of Kvinnherad Elektro Group, the high-potential Power & Automation provider Kvinnherad Elektro was concluded in September 2024. • Announced acquisitions of IMTAS Group and Austevoll Rørteknikk AS in Q1 2025, in line with our proactive M&A strategy.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Established growth strategy focused on organic grow and acquiring attractive, profitable companies.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“2.4 Events after 31 December 2024 On 17 th of February 2025, EQVA ASA entered into an agreement to acquire 100% of the shares in IMTAS AS and its subsidiaries (other than IMTAS Eiendom AS) ("IMTAS Group"). The acquisition was carried out by EQVA's wholly owned subsidiary EQVA Industrial Solutions AS.”
Annual report 2024A · The company itself
Wind power
Technology
Market
“A specialiced hydropower plant developer and operator.”
Annual report 2024A · The company itself
Market
“Fossberg Kraft delivered the two small-scale hydropower plants “Skjeggfoss” and “Haugsvær” to customer in September 2024. Fossberg Kraft has now successfully sold and operates 9 hydropower plants (of which 6 are constructed by Fossberg Kraft).”
Annual report 2024A · The company itself
Market
“Fossberg Kraft is a specialized small-scale hydropower plant developer (with a combined 80+ year of experience), and is a central part of our ongoing commitment to the renewable energy infrastructure of Norway.”
Annual report 2024A · The company itself
Chains in: Interest rates weakens, Energy security strengthens
Chains out: this strengthens Steel, strengthens Rare earths and critical raw materials, strengthens Renewables auctions and subsidies, strengthens Power grid expansion
Aquaculture and fish feed
End markets
StrategyPositive impact: strengthens
“Refer to Note 10 for more details. rd of March 2025, EQVA ASA entered into an agreement to acquire 100% of the shares in Austevoll Rørteknikk AS. The acquisition is to be carried out by EQVA's wholly owned subsidiary EQVA Industrial Solutions AS.”
Annual report 2024A · The company itself
Market
“These strategic transactions will establish a leading, fully integrated system supplier within the piping, power and automation, and aquaculture sectors. This significantly enhances EQVA's position as a prominent supplier to industrial customers in Norway and expands our geographical presence.”
Annual report 2024A · The company itself
Electricity
Raw materials and inputs
Market
“Since 2021, Fossberg Kraft has successfully sold and operates 9 hydropower plants (of which 6 are constructed by Fossberg Kraft). This year, we completed the construction and sale of the two hydropower plants Skjeggfoss and Haugsvær (which we also now operate on behalf of the owner), with a combined capacity of more than 10 GWh/year.”
Annual report 2024A · The company itself
Market
“Renewables Fossberg Kraft specializes in the development, construction, and operation of small-scale hydropower plants in Norway. Since its inception, the company has successfully sold nine small-scale hydropower plants, of which six was constructed by Fossberg Kraft.”
Annual report 2024A · The company itself
Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion
Shipping and logistics
End markets
Market
“Full-service provider of technical, sustainable solutions and services to maritime and landbased industries.”
Annual report 2024A · The company itself
Market
“BKS is a full-service provider of technical installations to the land-based and maritime industry in Norway.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Digitalisation
Technology
StrategyPositive impact: strengthens
“Digital solutions and green technology are needed and included in new projects and retrofitted in existing production assets and plants.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Energy efficiency
Technology
StrategyPositive impact: strengthens
“Digital solutions and green technology are needed and included in new projects and retrofitted in existing production assets and plants.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices strengthens, EU climate and energy policy strengthens
Public sector
End markets
Market
“Kvinnherad Elektro provides power & automation services to industrial clients, public services and households.”
Annual report 2024A · The company itself
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“International turbulence and trade war will impact our clients and EQVA as a consequence.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“2024 was impacted by increasing geo-political tensions, protectionism and trade disruptions.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“International turbulence and trade war will impact our clients and EQVA as a consequence.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“None of our companies are directly financially exposed in relation to the applicable sanctions against Russian companies and individuals, but in general we observe price increases and longer lead-times for materials because of the warfare.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Climate change and extreme weather
Macro
DriverNegative impact: weakens
“The physical risk of weather-related damage, for example at Fossberg Kraft project development, emphasizing the importance of accounting for climate considerations, such as frost and flooding, which can delay the construction of small power plants. Like its competitors, Fossberg Kraft faces these environmental challenges, which can impact the timely completion of projects despite careful planning and mitigation efforts.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Alcohol and health taxes
Regulation
DriverNegative impact: weakens
“In relation to BKS and Fossberg, the transition risk is also considered to be relatively low, but political decisions as i.e. tax on aquaculture business may affect the group`s businesses.”
Annual report 2024A · The company itself
Denmark
Geography
Geography
“Along the entire coast of Norway Fossberg Kraft AS Husnes (Kvinnherad) Zenit Engineering AS Sunde Marine Support AS Storebø BKS Industri AS Sunde BKS VVS AS Mathopen Kvinnherad Elektro AS Rosendal (Kvinnherad) Husnes (Kvinnherad) Dep, Fosnavåg EQVA Finance & Analytics Oslo BKS Power and Automation AS Sunde EQVA Eiendom Holding AS Sunde IMTAS Harstad AS Harstad IMTAS AS IMTAS Personell AS IMTAS Prosjekt AS JMVD Sleneset IMTAS AS Bodø EQVA´s history Building on a more than 100 years of history, EQVA has a rich heritage in the maritime and land-based industry.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 1.06 bn NOK |
| Revenue growth vs. the year before, same method | 60.9 % |
| EBITDA reported by the company | N/A |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | 0.37 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.