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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Hav Group
Hav Group (HAV) investor relations material
Hav Group Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Aug, 2026
Executive summary
Q2 2026 revenue increased 38% year-over-year to NOK 267.3 million, with EBITDA more than four times higher than Q2 2025 and margin rising to 6.5%.
Energy Design & Smart Control systems segment was the main driver, achieving a 15% EBITDA margin and strong order backlog.
Order intake was low at NOK 35 million, but a solid order backlog of NOK 826 million provides visibility into 2026.
Strategic review process initiated to explore opportunities for shareholder value creation, including potential sales or mergers.
Profit before tax was NOK 8.7 million (3.3% margin) versus a loss of NOK 2.0 million in Q2 2025.
Financial highlights
Q2 2026 operating income: NOK 267.3 million; EBITDA: NOK 17.3 million; EBIT: NOK 11.6 million; net profit: NOK 8.7 million; EBITDA margin: 6.5%.
Year-to-date 2026 revenue: NOK 500.4 million; EBITDA: NOK 29.1 million; EBIT: NOK 17.6 million; net profit: NOK 13.2 million; EBITDA margin: 5.8%.
Cash balance at end of Q2: NOK 237.2 million, up NOK 38 million from year-end 2025; positive cash flow from operations of NOK 104.2 million in Q2.
Equity increased to NOK 101.4 million, with an equity ratio of 15.1% (up from 13.1% at year-end 2025).
No interest-bearing debt as of Q2 2026.
Outlook and guidance
Full year 2026 guidance of revenue growth and improved margins versus 2025 is reiterated.
Electrification and emission-reducing technologies are expected to drive future demand and market opportunities.
High tender activity across all business segments; awaiting decisions on several tenders in H2 2026.
Q4 expected to be stronger than Q3; visibility for 2027 to improve with Q3 results.
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Latest events from Hav Group
- Q1 2026 saw strong revenue and margin growth, robust order intake, and a positive industry outlook.HAV
Q1 2026 - Record Q4 results and robust order backlog set the stage for continued growth in 2026.HAVQ4 2025
- Q3 2025 saw 44% revenue growth, positive EBITDA, and a robust NOK 1,266m order backlog.HAVQ3 2025
- Revenue and margins rose, with strong order intake and a robust cash position in Q2 2025.HAVQ2 2025
- Order backlog up 118% YoY to NOK 1.322bn; Q3 revenue and margins fell on project delays.HAVQ3 2024
- Order backlog hit NOK 1.387 billion, supporting strong growth targets for the coming years.HAVQ2 2024
- Revenue and margin growth supported by strong order backlog and contract wins.HAVQ1 2025
- Q4 revenue tripled, order backlog hit NOK 1,227m, and 2025 growth outlook is strong.HAVQ4 2024
Next Hav Group earnings date
Q3 202620 Nov, 2026
Hav Group
Next Hav Group earnings date
Q3 202620 Nov, 2026
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Frequently asked questions
HAV Group ASA, through its subsidiaries, provides technology and services for maritime and marine industries worldwide. The company offers ship repairing, conversion, and recycling services. It also provides other products and services comprising dry-docking, equipment and machinery sales, contracts, shipbuilding engineering, survey work and consultancy, container handling systems (concessions), container repair (concessions), vessel management services, oil spill response equipment, fenders for offshore rigs (concessions), dredging activities (concessions), technical documentation cooperation (concessions), oil spill response equipment leasing program (for customers in the fishing industry) utilizing a fleet of vessels to provide 24-hour emergency response across the North Sea and surrounding waters.