7.5.2026 07:00:03 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state
7 May 2026 - Nekkar ASA (Nekkar) delivered revenue of NOK 130 million in the
first quarter, up 17 percent from NOK 111 million in the same quarter last year.
EBITDA was NOK 7 million (-12), equivalent to a margin of 5.5 percent (-11
percent). The results were driven by healthy activity in Intellilift and
Globetech while Techano Oceanlift reported an improvement in results. Syncrolift
contributed by nearly half of Group revenues and a muted profitability slightly
above same quarter last year. The balance sheet remains strong with a net cash
position of NOK 95 million.
First quarter 2026 highlights:
* Order intake of NOK 227 million, up 46% year-on-year, driven by recently
announced Intellilift contract for automation solutions on 11 rigs
* After quarter's end, Intellilift also secured two further awards for drilling
automation solutions - for a jackup rig and a floater, both with new
customers
* Also after quarter-end, Syncrolift was awarded an EUR 8.5 million contract by
South Red Sea Shipyard in Egypt for delivery of shiplift and transfer system
* Revenue of NOK 130 million, up 17 percent year-on-year, which included decent
growth in Globetech and Techano Oceanlift
* Operational cash flow for the quarter was NOK -40 million, primarily
reflecting a build in working capital