Logotype for Norva24 Group

Norva24 Group (NORVA) investor relations material

Norva24 Group Q4 2024 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Norva24 Group
Q4 2024 earnings summary19 Feb, 2025

Executive summary

  • Achieved 15.5% year-over-year revenue growth in Q4 2024, with all segments contributing positively and currency-adjusted organic growth of 6.2%.

  • Margin improvements in Norway, Sweden, and Denmark; Germany impacted by underperformance in Jutzy/Jutze, with margin improvement excluding this unit.

  • Strong operational cash flow and cash conversion at 90.8% for the full year, reflecting improved working capital and capital efficiency.

  • Continued robust M&A activity, with over 90% of acquisitions bilateral and a rich pipeline of opportunities.

  • Focus remains on operational efficiency, margin improvement, and profitable growth.

Financial highlights

  • Q4 2024 total operating revenue: NOK 989 million (Q4 2023: NOK 855.7m); full year: NOK 3,631 million (2023: NOK 3,151.9m); currency-adjusted organic growth 4.6% for the year.

  • Adjusted EBITA for Q4: NOK 81.4 million (margin 8.2%, down 1.3pp); full year: NOK 384 million (10.6% margin), up from NOK 347.7 million in 2023.

  • Excluding Jutzy/Jutze, full-year adjusted EBITA was NOK 400 million (11.5% margin), up from NOK 309 million in 2023.

  • Net profit for Q4 was NOK 49.4 million, down 26.2% year-over-year; full-year profit was NOK 176.8 million, down 22%.

  • Net debt at year-end was NOK 1,550.6 million, with net interest-bearing debt/Adj. EBITDA at 2.1x, well below the 4.0x covenant.

Outlook and guidance

  • Management expects 2025 to be a transformation year for Jutzy/Jutze, aiming for a return to profitability without significant restructuring costs.

  • Margin improvement methodology and business process tools being implemented, especially in Germany.

  • Medium-term targets: adjusted EBITA margin of 14–15%, revenue of NOK 4.5bn by 2025, and net debt/EBITDA below 2.5x.

  • Expect continued organic growth in 2025, supported by capacity increases and price adjustments.

  • M&A activity expected to pick up, with a prudent approach to capital allocation.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Norva24 Group provides underground infrastructure maintenance services including pipe cleaning, inspection, and repair. The company serves municipalities, industries, and property owners with non-disruptive and environmentally friendly solutions. It operates service units across multiple countries in Northern Europe. The company is headquartered in Oslo, Norway, and its shares are listed on the STO.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage