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This is clear from the company's quarterly presentation, released Friday morning.
It is mostly outside of Europe and in the segment of land-based sales that the number has increased.
Better results, but lower margin
Also the results have increased. Gross margin (EBITDA) increased from NOK 61 million to NOK 71 million in the quarter, while the margin increased from 12.6% to 11.1%. The contribution of Egersund Net was 10 million NOK.
"The positive evolution in the land sector continues, with an EBITDA of 13 million crowns, against 8 million crowns in the third quarter of 2017," the statement said.
The software sector also had a strong quarter, with an EBITDA of 8 million euros.
Lower order book
Backlog declined for the third consecutive quarter. At the end of the third quarter, it amounted to NOK 1,085 million, down 21% from the same quarter of the previous year.
On the backlog, NOK 359 million was in the land segment.
"We recorded good activity in all regions and segments in the third quarter of 2018. Order intake for this quarter was NOK 448 million (NOK 546 million)," the company said in a statement.
In the wharf-based technology sector, which is Akva's largest business area, orders reached NOK 253 million in the quarter.
In anticipation of the future
In its outlook, the company writes that the beginning of the fourth quarter was strong in the Nordic countries, Canada and Iceland.
In the land technology sector, the company has gradually gained a stronger position in Scotland, Chile and Norway.
"Even though order intake is down compared to the same quarter last year, the order potential for large RAS factories remains very high," they write.
In Chile, the market is still strong and the company is gradually seeing the impact of its efforts to offer more products in this country.
The acquisition of Egersund Net was finalized by the end of August and integration is on track.
"We see great opportunities to win in a larger and stronger group with an improved product portfolio in the future," he said.
Akva Group ASA, in millions of crowns
| 3rd quarter 2018 | 3rd quarter 2017 | change | |
|---|---|---|---|
| turnover figure | 637.4 | 483.9 | 31.7% |
| Operating profit | 44.3 | 40.7 | 8.8% |
| Profit before tax | 39.0 | 34.7 | 12.4% |
| net profit | 27.9 | 26.2 | 6.5% |
| Operating margin | 7.0% | 8.4% | -17.4% |
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