Latest news with #Vow
Yahoo
28-05-2025
- Business
- Yahoo
Vow Q1: Key indicators improved, work remains to ensure long-term sustainable profitability
Oslo, 28 May 2025 – Vow ASA (OSE: VOW) had revenues of NOK 260.8 million in the first quarter of 2025, up 12.3 per cent from NOK 232.3 million in the same quarter last year. EBITDA before non-recurring cost was NOK 13.2 million, up from NOK 5.6 million in Q1 2024. Both the Maritime Solutions and the Aftersales segments delivered double digit EBITDA margins, while the Industrial Solutions segment continued to be impacted by delayed order intake. Group EBITDA margin in the quarter improved from 2.4 per cent to 5.0 per cent year-over-year. As Vow reports in Norwegian kroner (NOK), key financial figures have been impacted by significant fluctuations in exchange rates during the quarter. Result before tax ended at negative NOK 30.4 million, compared to negative NOK 17.0 million in Q1 2024, mainly related to the development of a net foreign exchange loss of NOK 12.1 million. Across the group, Vow is entering new contracts with more favourable terms reflecting inflation and current price levels. Vow's total order backlog currently stands at NOK 1,532 million, compared with NOK 1,066 million one year earlier and NOK 1,680 million at the start of the year. Options in the Maritime Solutions segment were valued at NOK 250 million at the end of the quarter. With an increasing number of ships being built with environmentally compliant operations, the demand for Vow's technology and lifecycle services from the aftersales segment is growing. Demand for heat-intensive technologies is also on the rise. 'Vow enjoys a favourable position in cruise and promising positions in other industry verticals. Key performance indicators have improved, but significant work remains to strengthen operational execution, manage risk effectively, and ensure long-term, sustainable profitability. These are top priorities for the team and me going forward,' said CEO Gunnar Pedersen. CEO Gunnar Pedersen and CFO Cecilie Brænd Hekneby both joined Vow in May 2025. Together, they bring broad industry and professional experience and a mandate to strengthen operations, improve project execution, and drive delivery of the group's strategic priorities. After the reporting period, Vow agreed with DNB to extend the maturity of its loan facilities by 12 months, to Q3 2027. As part of the amendment, the covenant structure was adjusted with improved headroom. Detailed information about Vow's operational and financial performance for the first quarter 2025 is available in the attached Trading more information, please contact: Gunnar Pedersen, CEO, Vow ASATel: +47 916 30 304Email: Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 992 93 826Email: Vow Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). The information is such that Vow ASA is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET, 28 05 2025. Attachments Vow - First quarter 2025 presentation Vow - First quarter 2025 reportError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
AU Financial Review
24-05-2025
- Business
- AU Financial Review
AI has broken the system: Companies seek new ways to find talent
Fed up with sifting through thousands of CVs, and knowing he wouldn't find the talent he needed in Australia, co-founder and chief executive of cultured meat start-up Vow flew to the US twice to poach staff from SpaceX, the US aerospace company founded by Elon Musk. Aussie e-commerce tech firm Rokt recently hosted an invitation-only recruitment event in its Sydney office, flying in directors and engineers from around the world to showcase its $US3.5 billion ($5.6 billion) business and start to build a talent pipeline.
Yahoo
20-05-2025
- Business
- Yahoo
Vow ASA: Annual General Meeting 2025 concluded
The annual general meeting of VOW ASA has today approved all of the proposed resolutions in the notice of the general meeting dated 29 April 2025. The minutes from the general meeting are enclosed as appendices to this more information, please contact: Cecilie Brænd Hekneby, CFO, Vow ASATel: +47 99 29 38 26Email: Vow ASA Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. The company is a cruise market leader in wastewater purification and valorisation of waste. It also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). This is information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachment Vow ASA - Minutes of AGM 2025
Yahoo
16-05-2025
- Business
- Yahoo
Vow ASA – Vow supports proposed new strategic ownership of VGM with undertaking to tender its shares in the company
NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, HONG KONG, NEW ZEALAND, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE PRIOR APPROVAL Vow ASA ("Vow" or the "Company") refers to the stock exchange announcement made earlier today by Vow Green Metals AS ("VGM") and Midas Industri AS, a newly incorporated Norwegian private limited liability company indirectly owned by HitecVision New Energy Fund 2 SCSp, regarding a contemplated recommended voluntary cash offer to acquire all of the issued and outstanding shares except for the shares owned by certain shareholders that will roll their shares, outside of the offer in VGM (the "Offer"). VGM has been an important customer for Vow. Its pioneering production plant in Norway was the first industry scale application of Vow's pyrolysis technology for production of advanced biocarbon, which can replace fossil carbon in the production of various metals. VGM has since secured off-take agreements with metal companies for its entire current production the transaction Vow holds 50,173,890 shares in VGM, representing 24.74% of the total issued and outstanding shares in VGM. Vow has undertaken to irrevocably accept the Offer for all its shares. To finance the costs relating to VGM's termination with Obligo, Vow has agreed to provide a 22.5 million convertible loan with a 10% PIK interest to VGM maturing on 1 August 2025 with a right for VGM to convert the loan to shares at NOK 0.40 per share if the Offer does not materialize. Vow will finance the loan by way of a loan from DNB in the same amount. Further, Vow has accepted a reduced offer price for its shares in the Offer of NOK 0.70. In connection with the Offer, the Company has agreed to provide a guarantee of NOK 10 million on behalf of VGM relating to a new bridge financing facility with DNB Bank ASA. For more information about this and other details about the Offer, please see the stock exchange announcement made earlier today by VGM. DNB Carnegie is acting as financial advisor to Vow, while Wikborg Rein is acting as the Company's legal advisor. This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Cecilie Brænd Hekneby (CFO), at the date and time as set out further information, please contact: Jonny Hansen, Interim CEO, Vow ASA Tel: +47 901 891 81 Email: Brænd Hekneby, CFO, Vow ASA Tel: +47 992 93 826 Email: Vow ASA Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company's world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company's capability to deliver is well proven. The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).Forward Looking Statements All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. Actual results may differ materially from those expected or projected in the forward-looking statements. The Company undertakes no responsibility or obligation to update or alter forward-looking statements for any reason. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Yahoo
01-05-2025
- Business
- Yahoo
European Growth Companies With Insider Ownership Up To 25%
As European markets experience a positive upswing, with the STOXX Europe 600 Index climbing 2.77% amid easing trade tensions, investors are keenly observing growth companies that demonstrate resilience and potential in this evolving landscape. A key factor that often signals strong alignment between company management and shareholder interests is high insider ownership, which can be particularly appealing in times of economic uncertainty as it may indicate confidence in the company's future prospects. Name Insider Ownership Earnings Growth Pharma Mar (BME:PHM) 11.8% 43.1% Vow (OB:VOW) 13.1% 111.2% Elicera Therapeutics (OM:ELIC) 23.8% 97.2% Bergen Carbon Solutions (OB:BCS) 12% 50.8% CD Projekt (WSE:CDR) 29.7% 37.4% Elliptic Laboratories (OB:ELABS) 22.6% 88.2% Lokotech Group (OB:LOKO) 13.6% 58.1% Nordic Halibut (OB:NOHAL) 29.7% 60.7% Xbrane Biopharma (OM:XBRANE) 21.8% 82.7% Ortoma (OM:ORT B) 27.7% 68.6% Click here to see the full list of 207 stocks from our Fast Growing European Companies With High Insider Ownership screener. We're going to check out a few of the best picks from our screener tool. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Pharmanutra S.p.A. is a pharmaceutical and nutraceutical company that focuses on researching, designing, developing, and marketing nutritional supplements and medical devices across various regions including Italy, Europe, the Middle East, South America, the Far East, and internationally; it has a market capitalization of €516.65 million. Operations: The company's revenue is derived from segments including €5.92 million from Akern, €70.24 million from Italy, and €39.34 million from foreign markets. Insider Ownership: 10.8% Pharmanutra demonstrates strong growth potential with insider ownership aligning interests. Its revenue is forecast to grow at 10.9% annually, outpacing the Italian market. Earnings are expected to rise by 14.6% per year, significantly above market averages, and past earnings grew by 29.4%. Recent substantial insider buying indicates confidence in its future prospects. Analysts predict a stock price increase of over 50%, supported by high projected return on equity of 27.3% in three years. Click here to discover the nuances of Pharmanutra with our detailed analytical future growth report. Our comprehensive valuation report raises the possibility that Pharmanutra is priced higher than what may be justified by its financials. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Scandi Standard AB (publ) operates in the production and sale of chilled, frozen, and ready-to-eat chicken products across several countries including Sweden, Norway, Ireland, Denmark, Finland, Germany, the United Kingdom and internationally with a market cap of SEK5.76 billion. Operations: Scandi Standard generates revenue through the sale of chilled, frozen, and ready-to-eat chicken products across Sweden, Norway, Ireland, Denmark, Finland, Germany, the United Kingdom, and other international markets. Insider Ownership: 17.4% Scandi Standard shows potential with forecasted annual earnings growth of 21.1%, outpacing the Swedish market, despite a low return on equity projection of 13.7%. The company trades at a significant discount to its estimated fair value, suggesting possible undervaluation. Recent earnings reported sales of SEK 3.38 billion for Q1 2025, up from SEK 3.16 billion year-on-year, but net income slightly declined to SEK 66 million from SEK 70 million. Dive into the specifics of Scandi Standard here with our thorough growth forecast report. Our valuation report unveils the possibility Scandi Standard's shares may be trading at a discount. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Verve Group SE is a digital media company that provides ad-software solutions in North America and Europe, with a market cap of €631.95 million. Operations: The company's revenue is derived from Demand Side Platforms (DSP) at €100.55 million and Supply Side Platforms (SSP) at €390.27 million. Insider Ownership: 25.8% Verve Group SE demonstrates potential with a forecasted annual earnings growth of 28.6%, surpassing the German market's average. Despite trading at a substantial discount to its estimated fair value, recent results show declining profit margins and shareholder dilution over the past year. The company anticipates robust double-digit organic growth for 2025, driven by ID-less solutions and a strong U.S. advertising market, while insiders have increased their holdings significantly in recent months. Click to explore a detailed breakdown of our findings in Verve Group's earnings growth report. Our expertly prepared valuation report Verve Group implies its share price may be lower than expected. Discover the full array of 207 Fast Growing European Companies With High Insider Ownership right here. Interested In Other Possibilities? The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 26 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years. Companies discussed in this article include BIT:PHN OM:SCST and XTRA:M8G. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
