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VOW ASA (SSHPF)
| Previous close | 4.5000 |
| Open | 4.6200 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 4.5400 - 4.6200 |
| 52-week range | 2.0500 - 8.2600 |
| Volume | 1,400 |
| Avg. volume | 581 |
| Market cap | 553.898M |
| Beta (5Y monthly) | 1.28 |
| PE ratio (TTM) | 146.45 |
| EPS (TTM) | 0.0310 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 24 May 2019 |
| 1y target est | N/A |
- Globe Newswire
Vow ASA : Vow Q1 update : Keeping up the pace
Vow ASA again reported strong performance in its Projects Cruise business in the first quarter this year, and it announced important partnerships for industry decarbonisation with leading landbased industrial groups. The order backlog remains solid at NOK 969 million. The aftersales business, meanwhile, continued to be affected by the Covid-19 pandemic. Group revenues in the first quarter of 2021 came in at NOK 92.7 million, which is NOK 23.4 million less than first quarter last year. The change is mainly a result of the slow-down in Aftersales related to cruise ships being docked as a consequence of Covid-19. This segment would in a normal year have represented around NOK 25-30 million higher revenues in the quarter. EBITDA before non-recurring items was NOK 10.2 million, down from NOK 14.0 million in the same period last year, mainly explained by the decline in EBITDA in Aftersales, and high activity in Landbased related to commissioning of systems and process integration with the aim of meeting current customers’ demand for industry scale solutions. The order backlog currently stands at NOK 969 million, including orders won in April, up from NOK 952 million at year-end, and from NOK 975 million at the end of the first quarter last year. In addition to the firm backlog, shipowners have placed options on the newbuild series being equipped with Scanship systems amounting to NOK 665 million in likely future revenues related to the Projects Cruise segment. “Our performance in the Projects Cruise business is remarkable, as is the cruise operators’ commitment to renew and upgrade their fleets to new environmental standards. We have signed three new contracts for newbuilds and retrofits so far this year, and in Aftersales we are seeing signs of increased activity”, said Henrik Badin, CEO of Vow ASA. “First quarter 2021 will also be remembered for our launch of Vow Green Metals, a new company which will offer decarbonising as a service. The company will be spun off to Vow’s shareholders, with Vow itself retaining 30.5 percent ownership”, Badin added. During the quarter, Vow successfully completed a private placement raising gross proceeds of NOK 230 million. Parts of the proceeds will be used as initial funding of Vow Green Metals. Vow Green Metals is planning to build a full-scale facility for production of biocarbon and CO2 neutral energy based on Vow technology at Follum in Eastern Norway. Vow Green Metals will be an important customer for Vow’s Landbased business going forward. Today, at 09:00 Central European Summer Time (CEST) the company’s CEO Henrik Badin will host an online presentation and answer questions from the audience. The presentation will be held in English. A replay of the presentation and Q&A will be made available on www.vowasa.com shortly after. To register and join, please copy and paste the following link into your browser and fill in the required information: https://www.vhgo.no/vow/q1-2021/. For further information, please contact: Erik Magelssen, CFOVow ASATel: +47 928 88 728Email: erik.magelssen@vowasa.com Attachments (see link at end of document) Q1 update - reportQ1 update - presentation About Vow ASAIn Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land. Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonise industry and convert plastic waste into fuel, clean energy, and high-value pyro carbon. Our solutions are scalable, standardised, patented, and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Attachments Vow - Operational update Q1 2021 Vow - Presentation Operational update Q1 2021
- Globe Newswire
Vow ASA : Vow Q1 trading update : Invitation to online presentation and Q&A on 29 April 2021
Vow ASA will release a trading update for the first quarter of 2021 on Thursday 29 April at around 08:00 Central European Summer Time (CEST). The update will be published on www.newsweb.no and on the company’s web site www.vowasa.com. At 09:00 CEST on the same day, the company’s CEO Henrik Badin will host an online presentation and answer questions from the audience. The presentation will be held in English. A replay of the presentation and Q&A will be made available on www.vowasa.com shortly after. To register and join, please copy and paste the following link into your browser and fill in the required information: https://www.vhgo.no/vow/q1-2021/ You can also sign up via following the link in the news section at www.vowasa.com. Once you have registered you will receive an email with further details about how to join the online session on Thursday 29 April at 09:00 CEST. For further information, please contact: Erik Magelssen, CFOVow ASATel: +47 928 88 728Email: erik.magelssen@vowasa.com About Vow ASAIn Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land. Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonise industry and convert plastic waste into fuel, clean energy, and high-value pyro carbon. Our solutions are scalable, standardised, patented, and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW). This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
- Globe Newswire
Vow ASA : Vow wins another retrofit contract with Carnival Cruise Line
Vow ASA (“Vow”) has through its subsidiary Scanship AS been awarded a retrofit contract with Carnival Cruise Line to deliver its advanced wastewater purification (AWP) system to Carnival Dream. The system will be installed aboard the vessel during a scheduled drydock in 2021. “This contract signals a strong commitment for environmental sustainability even in most disruptive times, and we are thrilled to continue our work with Carnival Cruise Line deploying Scanship AWP technology to meet the highest discharge standard at sea,” said CEO Henrik Badin. For Scanship, this will be the thirty first (31) AWP system installed on existing ships in operation, and one of the largest retrofit projects within this business area for the company to date. Scanship is currently also working on another AWP retrofit project for Carnival Cruise Line on the Carnival Magic, under a contract announced in September last year. “We are impressed with the cruise industry’s commitment and determination to meet the environmental requirements of tomorrow, by upgrading systems on existing ships and installing new clean ship solutions on newbuilds under construction”, said Badin. For further queries, please contact:Henrik Badin – CEOVow ASATel: + 47 90 78 98 25Email: henrik.badin@vowasa.com About Vow ASA In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries. Cruise ships on every ocean have Vow technology inside which processes waste and purifies wastewater. Fish farmers are adopting similar solutions, and public utilities and industries use our solutions for sludge processing, waste management and biogas production on land. Our ambitions go further than this. With our advanced technologies and solutions, we turn waste into biogenetic fuels to help decarbonize industry and convert plastic waste into fuel, clean energy, and high-value pyro carbon. Our solutions are scalable, standardized, patented, and thoroughly documented, and our capability to deliver is well proven. They are key to end waste and stop pollution. Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW from 13 January 2020). This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
