Nekkar Asa
OSE:NKR
Nekkar Asa
Nekkar ASA engages in the design, development and supply of equipment for the marine and offshore industries. The company is headquartered in Kristiansand, Vest-Agder. The company aims to develop sustainable technological solutions, is headquartered in Bergen, on the Norwegian West coast and is active locally.
Nekkar ASA engages in the design, development and supply of equipment for the marine and offshore industries. The company is headquartered in Kristiansand, Vest-Agder. The company aims to develop sustainable technological solutions, is headquartered in Bergen, on the Norwegian West coast and is active locally.
Revenue: Nekkar reported third-quarter revenue of NOK 124 million, down 12% year-on-year, primarily due to lower activity in Syncrolift.
Profitability: EBITDA was NOK 3 million, below last year but improved from previous quarters in 2023; net profit was negative NOK 5 million, impacted by FiiZK losses.
Order Intake & Backlog: Order intake reached NOK 117 million with a strong order backlog of NOK 740 million, giving good visibility for the coming quarters.
New Contracts: FiiZK secured a major contract for 4 Protectus closed containment systems, while Syncrolift signed its largest-ever annual service contract and Intellilift/InteliWell added new rig automation deployments.
Financial Position: Nekkar maintains a solid balance sheet with NOK 170 million in cash, no debt, and an untapped NOK 200 million credit facility.
