AKVA group ASA (AKVAO.XC)

103.50 +37.30 (+56.34%) As of 10:32AM BST. Market open.

AKVA group ASA

Plogfabrikkvegen 11
Klepp Stasjon 4353
Norway
47 51 77 85 00
https://www.akvagroup.com

Sector(s): Industrials
Industry: Farm & Heavy Construction Machinery
Full-time employees: 1,394

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Knut Nesse	Chief Exec. Officer	3.1M	N/A	1967
Mr. Ronny Meinkoehn	Group Chief Financial Officer	2.26M	N/A	1978
Mr. Stale Okland	Group Director of Communications & Sustainability	1.32M	N/A	N/A
Ms. Maren Hognestad Sunde	Group HR Director	1.24M	N/A	N/A
Mr. Andrew Campbell	Chief Operating Officer Sea Based International	2.29M	N/A	1966
Mr. Johan Fredrik Gjesdal	Chief Operating Officer of Land Based	1.93M	N/A	1983
Mr. Asle Kjetil Bratteli	Chief Digital Officer	2.23M	N/A	1961
Mr. Glenn Mo	Chief Operating Officer Egersund Net	1.71M	N/A	N/A
Mr. Kristian Botnen	Chief Operating Officer of Sea Based Nordic	2.04M	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates through three segments: Sea Based Technology (SBT), Digital, and Land Based Technology. The SBT segment offers plastic cages, steel cages, fish farming cages, feed barges, feed systems, sensor and camera systems, light systems, net cleaning systems, remotely operating vehicles, and nets and mooring systems under the Polarcirkel, Wavemaster, and Akvasmart hardware brands. This segment also supplies polyethylene boats and pipes to aquaculture and other industries, as well as plastic pen. The Digital segment provides production control, planning, traceability, and ERP software for the aquaculture and fishing industries under the Fishtalk, AKVAconnect, and AKVA Observe. The Land Based Technology segment designs and delivers recirculation systems for land-based fish farming, as well as provides water quality conditions for fresh and seawater operations. AKVA group ASA operates in Norway, Chile, the United Kingdom, Denmark, Canada, and internationally. The company was incorporated in 1982 and is based in Klepp Stasjon, Norway. AKVA group ASA is a subsidiary of Egersund Group AS.

Corporate governance

AKVA group ASA’s ISS governance QualityScore as of 1 September 2023 is 8. The pillar scores are Audit: 3; Board: 7; Shareholder rights: 6; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.