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26 August 2021 - Nekkar ASA (Nekkar) reported revenues of NOK 121.8 million in
this year’s second quarter, an increase of 91 percent from the same quarter last
year (Q2 2020: NOK 63.8 million). Operational EBITDA was NOK 39.2 million
(14.6), equivalent to an operational EBITDA-margin of 32.2 percent (22.9%).
"Nekkar delivered extraordinary strong financial results in the second quarter,
impacted by successful commissioning of three projects, with associated margin
recognition and realization of project cost savings, within our Shipyard
Solutions business area. Although the Covid-19 pandemic has presented several
operational challenges to both the Shipyard Solutions and Digital Solutions
business areas, they have retained the ability to deliver on time and on budget
- as demonstrated this quarter," says Preben Liltved, CEO of Nekkar.
Order intake in the quarter was zero (428), but the company has a healthy
2-3-year backlog of NOK 975 million as of 30 June 2021 (1,110), of which almost
everything is related to the Shipyard Solutions business area.
“The Shipyard Solutions business area has not lost any tenders in the second
quarter, but there has simply not been awarded any newbuild projects. The
pandemic has caused delays on contract awards, but we are bidding for projects
and hope to see newbuild contracts being awarded in the second half of 2021,”
adds Liltved.
Nekkar has also identified growth in service revenue from its substantial
installed base of docking facilities as a key focus area going forward.
Subsequent to the second quarter, Nekkar’s Shipyard Solutions has signed three
upgrade and spare part orders worth a total of NOK 41 million.
“Such contracts prove the significant upside potential in our current installed
base, which we until 2019 have not seriously attempted to tap into,” says
Liltved.
Solid progress on aquaculture and renewables projects
The foundation of Nekkar’s business is superior engineering, electrification,
automation, and digitalisation competence and heritage from “Drilling bay” in
Kristiansand, Norway, which is found in the company’s Digital Solutions business
area. Nekkar applies this competence as levers to develop disruptive
technologies that can make high-growth industry sectors - such as aquaculture
and renewable energy - even more sustainable, productive, and profitable.
In the second quarter, the majority of resources in the Digital Solutions
business area were allocated to projects in Shipyard Solutions, and for software
development for both the Starfish and SkyWalker development projects.
Testing of Nekkar’s downscaled Starfish, a closed cage for fish farming, has
been ongoing in the second quarter and will continue for the rest of 2021. The
testing has so far proven that the physical properties for the cage withstand
environmental impacts. In the third quarter Nekkar will continue to test the
circulation systems, waste handling, and sensors. Further, Nekkar has started
production of a full-size Starfish for testing early 2022 as interest in
Starfish from potential customers remains very high.
In May, Nekkar first presented its SkyWalker wind turbine installation tool to
the market. This is a disruptive installation technology that could
significantly reduce the cost and environmental footprint associated with wind
turbine installations. The solution uses active heave compensation software
derived from offshore lifting systems combined with digital solutions that allow
for remote-controlled and automated solutions.
“Progress on Skywalker remains good. The design process is ongoing, and
production of the downscaled test model will be completed early in the fourth
quarter. The downscaled model will be used for testing in wind tunnel along with
comprehensive testing of the control system in the latter part of the fourth
quarter,” says Preben Liltved.
Nekkar reported revenues of NOK 121.8 million in the second quarter 2021, up
from NOK 63.8 million in the same quarter last year. The company’s operational
EBITDA was NOK 39.2 million (14.6), equivalent to an operational EBITDA-margin
of 32.2 percent (22.9%). Operational EBITDA excludes losses/gain on foreign
exchange contracts not qualifying for hedge accounting. Reported EBITDA was NOK
38.3 million, up from NOK 26.5 million in the second quarter last year. EBIT
ended at NOK 37.4 million in this year’s second quarter, representing a 45
percent increase from the same quarter last year (25.8).
Presentation at 08:00 am today
The second quarter and half-year 2021 financial report, as well as a
presentation of the results, are enclosed to this announcement.
Nekkar ASA will hold financial results presentation today at 08:00 CET. The
webcast presentation can be followed from the following URL:
https://channel.royalcast.com/landingpage/hegnarmedia/20210826_2/
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
CONTACTS
ABOUT NEKKAR ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies
combined with high-end software solutions. The group combines 50 years’ heritage
from the world’s number one shiplift company, Syncrolift, with new investments
into sustainable, digitalised technology businesses that aim to unlock growth
within ocean-based industries such as offshore energy and renewables and
aquaculture.
ATTACHMENTS
Nekkar ASA Financial Statement Q2_2021.pdf -
https://kommunikasjon.ntb.no/ir-files/17847326/799/1041/Nekkar%20ASA%20Financial
%20Statement%20Q2_2021.pdf
NEKKAR ASA Presentation Q2 H1 2021.pdf -
https://kommunikasjon.ntb.no/ir-files/17847326/799/1042/NEKKAR%20ASA%20Presentat
ion%20Q2%20H1%202021.pdf
Kilde
Men den har jo falt en del fra forrige topp som var 10,82 den 31/5 .
Klarer nok ikke dra opp omsetningen med 300k, eller nesten 3 MNOK. 
