And strong revenues with cost related headwinds
According to a preliminary Q2 report, AKVA group is expecting a strong revenue impact by increased costs from high inflation rates, warranty, and cost provisions. EBIT is expected to be negative of MNOK 41 for Q2 22. The strong revenues detail of MNOK 907 in Q2 22, represents an increase of 9% compared to Q2 21.
In addition, estimated MNOK 37 costs are estimated. Due to high inflation rates and supply chain restrictions worldwide driven by the Russia-Ukraine conflict.
Further, the report says that the supply chain restrictions and cost inflations may impact the profitability for the rest of 2022.
During the second quarter presentation expected to be celebrated on August 12th more details will be presented.
Last month, the AKVA group announced signed a post-smolt RAS contract with Cooke Aquaculture.
About AKVA group
AKVA group are a global provider with offices, operations, and customers all over the world. It is a provider of solutions and services, from single components and products to full production performance solutions.
All its solutions and services work together to provide better fish performance improving our customer’s sustainability and profitability.
The group is the world’s leading supplier of both plastic and steel pens and has more than 45 years of history.