Supplier reports £130 million order backlog

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According to AKVA‘s Q1 report, released yesterday, they more than doubled the revenue they generated from aquaculture equipment sales in Europe and the Middle East in Q1 – thanks largely to an increase in sales to the salmon farming sectors in Scotland and Russia.

The report also points to increased sales in the Americas – where they experienced an order intake of NOK 187 million in the quarter, compared to NOK 117 million in Q1 2017.

They also report a strong quarter for the Nordic region in terms of new orders, with a total order intake of NOK 293 million (up from NOK 244 million) in the quarter – largely thanks to an increase in sales from ASA Nordic and Helgeland Plast, while AKVA Marine Services and Sperre EBITDA rose to NOK 11 million from NOK 9 million.

New orders in the land-based segment were slow, however, falling to NOK 51 million compared to NOK 103 million in Q1 2017.



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