FilingReader Intelligence

Vow ASA projects lower Q3 EBITDA due to industrial setbacks

October 20, 2025 at 02:02 PM UTCBy FilingReader AI

Vow ASA's preliminary unaudited consolidated accounts for Q3 2025 indicate a lower-than-expected EBITDA, primarily due to two key projects in the Industrial segment. The group now projects an EBITDA of approximately NOK -33 million, with the Industrial Solutions segment alone showing an EBITDA of approximately NOK -70 million. This shortfall is attributed to underestimated total costs to completion in 2026, leading to a reversal of revenue in Q3 2025, though this reversal has no cash impact.

Conversely, the Maritime and Aftersales segments continue to demonstrate positive development, fueled by strong demand, high activity, and increased margins. Vow has secured a waiver from DNB for the reporting period ending September 30, 2025, and maintains constructive dialogue with the bank.

In response, the company has initiated a profit improvement program to enhance cost control, boost profitability, and increase operational efficiency. A strategic review for Vow is also underway. The final Q3 2025 report is scheduled for release on November 19, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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