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Norva24 Group AB (publ)
STO:NORVA

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Norva24 Group AB (publ)
STO:NORVA
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Price: 36.5 SEK 0.27%
Market Cap: 6.7B SEK

Norva24 Group AB (publ)
Investor Relations

Norva24 Group AB engages in underground infrastructure maintenance (UIM). The company is headquartered in Stockholm, Stockholm. The company went IPO on 2021-12-09. The firm's service offering includes mission-critical and non-discretionary maintenance services for underground infrastructure, such as pressure washing, emptying services and pipe services. Norva24 Group has experience emptying septic tanks, grease separators and sand traps. The company also offers a range of services in pressure washing, such as tank cleaning and high and ultra-high pressure washing. The Company’s pipe services include pipe inspections, relining, pressure testing, leak detection, tightness checks and pipe cleaning. Norva24 Group has operations in Sweden, Denmark, Germany and Norway and operates more than 60 branches in these countries.

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NORVA
OMX Stockholm 30

Earnings Calls

2024 Q4
Feb 19, 2025
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Norva24 Reports Strong Growth Amidst Challenges
2024 Q4
Feb 19, 2025

Norva24 reported a solid quarter with a 16% total revenue growth, driven by a remarkable 21.5% growth after excluding underperforming Jutzy. The company achieved a currency-adjusted organic growth of 11.3%. Key markets showed resilience, with Sweden growing 10% and Germany up by 3.5%. Notably, the EBITA margin rose 370 basis points in Germany when excluding Jutzy. The company anticipates maintaining this momentum, targeting sustainable organic growth and addressing operational efficiencies. Notably, cash flow surged 44% in Q4, enhancing a strong balance sheet for future acquisitions.

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Management

Mr. Henrik Norrbom
Group Chief Executive Officer
No Bio Available
Mr. Stein Yndestad
Chief Financial Officer
No Bio Available
Mr. Sture Stolen
Head of IR
No Bio Available
Mr. Tore Hansen
Chief Executive Officer of Norway
No Bio Available
Mr. Bertolt Gartner
Chief Executive Officer of Germany
No Bio Available
Mr. Tim Normann
Chief Executive Officer of Denmark
No Bio Available
Mr. Mikael Smedborn
Chief Executive Officer of Sweden
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Brommavagen 4
Contacts