SCANSHIP HOLDING WKN: A111AY ISIN: NO0010708068 Forum: Aktien Thema: Hauptdiskussion

Starke Zahlen. Marge wieder gestiegen

Oslo, 20 May 2026 - In the first quarter, Vow ASA ("Vow" or the "Group") delivered solid growth in revenues and profitability, driven by strong momentum in the cruise related business coupled with improved operational performance. During the quarter, Vow started implementing a more streamlined operating model enabling clear accountability and improved control. "Maritime Solutions and Aftersales have shown consistent progress and were the primary contributors to revenue growth and enhanced profitability in the quarter. The Group's performance was supported by our strong market position in the cruise sector and an expanding installed base generating recurring, higher-margin service revenues," says CEO Gunnar Pedersen. Revenues for the quarter came in at NOK 284 million, representing an increase of NOK 39 million from the same period of 2025, despite negative currency effects. Adjusted EBITDA was NOK 23 million, up from negative NOK 3 million in Q1 2025. oMaritime Solutions represented the main growth lever in the quarter, with high project delivery activity and a clear margin uplift, as the share of legacy contracts has been reduced. oAftersales recorded record-high revenue levels supported by a growing installed base, along with continued strong profitability. oIndustrial Solutions developed in line with the revised assumptions for the two major circular solutions projects, which are now progressing into the final phases. During the quarter, Vow secured a new order from a major European shipyard to a total value of EUR 27 million for the delivery of equipment for four new cruise vessels. The order backlog remained solid at close to NOK 1.8 billion at quarter-end, representing an increase from NOK 1.5 billion one year earlier. The order backlog provides good visibility and includes signed contracts extending to 2034. Available liquidity of NOK 67 million reflects timing of milestone payments. The cash position is expected to fluctuate over the coming quarters related to timing of deliveries and subsequent payment milestones. Supported by new routines for effective working capital management and cash collection processes, the Group maintains a controlled liquidity position, and cash management remains a key priority in 2026. Vow maintains a close and constructive dialogue with its financing partner, which confirmed a covenant waiver for the reporting period ending 31 March 2026 prior to quarter end. Further, a new covenant structure was agreed from Q2 2026, involving a reclassification of debt to non-current liabilities. While increased geopolitical tension represents a source of uncertainty, Vow has a robust foundation supported by a strong market position in the cruise sector, a solid order backlog and an increasing number of vessels in operation equipped with Vow systems. In Industrial Solutions, finalizing the two large industrial projects will be an important milestone going forward, while sales activity remains centered on the traditional business areas, consistent with the Group's more selective approach and improved operational foundation.

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https://www.destatis.de/DE/Presse/Pressemitteilungen/Zahl-der-Woche/2026/PD26_21_p002.html Sehr interessant, trotz all der Krisen, das Geschäft mit Kreuzfahrtschiffen läuft. Gut für uns.

Wie sind die Erwartungen für Mittwoch?

Ui, dann den Wunschzettel gerade noch rechtzeitig geschrieben 😁

Weihnachten fällt heuer auf den 20. Mai 😉

Wunschzettel: "Liebes Christkind, ich wünsche mir zu Weihnachten eine positive Nachricht zu VOW asa. Nur eine einzige bitte. Das würde mir schon völlig reichen" Dürfte nicht zu viel verlangt sein oder?

https://www.linkedin.com/posts/biochar-summit_biocharsummit2026-biochar-pyrolysis-activity-7454483822118649856-6MEc?utm_source=social_share_send&utm_medium=android_app&rcm=ACoAAE0lO9cBkc_8ta5A1c9Lpxki6dhWW6rTK9U&utm_campaign=share_via

Auftragsbestand ist ja eh super. Danke fürs teilen

https://www.linkedin.com/posts/meyerturku-royalcaribbean-iconclass-share-7454771289854029824-XQz8?utm_source=share&utm_medium=member_ios&rcm=ACoAAD_2TQUBsb_fi3o46JY1lpxfkDt5GjR32uY

Gerade noch was gefunden

Sehe ich auch so

Unspektakulär. Eigentlich war alles schon bekannt. Und so war der Bericht eigentlich auch zu erwarten. Hatte mir nur mehr (zusätzlichen) Inhalt erhofft. Jetzt dürfen wir wieder gespannt auf den 20. Mai sein.

https://www.vowasa.com/wp-content/uploads/2026/04/Vow-Annual-and-Sustainability-Report-2025.pdf

Nächste Woche Mittwoch kommt der Jahresbericht. Könnte einigermaßen interessant werden (Bestätigung der Strategiewende, Ausblick 2026/27, Auftragsbestand).