Havyard Group ASA
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Havyard Group ASA - overview
Established
2000
Location
-, -, Norway
Primary Industry
Logistics & Distribution
About
Havyard Group ASA is a Norwegian company specializing in shipbuilding and maritime services, focusing on innovative solutions to enhance vessel performance and sustainability in the shipping industry. Founded in 2000, Havyard Group ASA operates in Norway and is recognized for its shipbuilding and repair services. The company has evolved its strategy to emphasize sustainable maritime solutions, supporting ship owners primarily in the European market. Erik H.
serves as the CEO, overseeing the company's operations and strategic direction. Havyard specializes in shipbuilding and ship services, primarily focusing on new construction, refurbishment, repair, and maintenance of various types of vessels. Their offerings are designed to enhance the longevity of ships while minimizing emissions, addressing the need for sustainable solutions. Havyard provides comprehensive onboard services to clients, mainly ship owners and operators in the European maritime industry, ensuring support throughout the lifecycle of their vessels.
In 2023, Havyard Group ASA reported a revenue of USD 911. 58 mn, with an EBITDA of USD -1,414,574. 8. The company operates on a B2B model, engaging in contract-based agreements for projects like new ship builds and refurbishments, tailored to client needs and fostering long-term partnerships.
Havyard is strategically focused on expanding its product offerings and geographic reach. While specific upcoming products and release dates are not disclosed, the company aims to delve deeper into sustainable practices within its services. The firm plans to target markets in Asia and North America for expansion by 2025, leveraging recent funding to bolster its capabilities and enhance service delivery in these regions.
Primary Industry
Logistics & Distribution
Sub Industries
Construction, Logistics & Distribution
Website
www.havyard.com
Total Amount Raised
Subscriber access only
Havyard Group ASA - timeline of key events
Havyard Group ASA - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,342,097,201 | 1,641,847,266 | 1,982,679,000 | 2,410,805,000 | 1,767,712,000 | 2,003,229,000 | 1,322,402,000 | 2,381,520,000 | 2,239,720,000 | 2,324,177,000 | - | - | - |
| % Revenue Growth (YoY) | - | 22.3% | 20.8% | 21.6% | (26.7%) | 13.3% | (34.0%) | 80.1% | (6.0%) | 3.8% | - | - | - |
| EBITDA (USD) | 217,017,689 | 246,550,605 | 198,517,000 | 66,206,000 | (52,849,000) | 133,927,000 | 2,036,000 | (95,508,000) | (302,522,000) | 103,411,000 | - | - | - |
| Operating Income (USD) | 205,803,936 | 234,657,511 | 180,575,000 | 45,152,000 | (80,782,000) | 103,658,000 | (27,142,000) | (151,356,000) | (367,607,000) | 74,907,000 | - | - | - |
| Operating Margin | 15.3% | 14.3% | 9.1% | 1.9% | (4.6%) | 5.2% | (2.1%) | (6.4%) | (16.4%) | 3.2% | - | - | - |
| % EBITDA Margin | 16.2% | 15.0% | 10.0% | 2.7% | (3.0%) | 6.7% | 0.2% | (4.0%) | (13.5%) | 4.4% | - | - | - |
| NET Income (USD) | 150,869,046 | 178,257,419 | 140,460,000 | 30,010,000 | (108,171,000) | (39,325,000) | (52,144,000) | (195,358,000) | (363,156,000) | 86,240,000 | - | - | - |
| % Net Margin | 11.2% | 10.9% | 7.1% | 1.2% | (6.1%) | (2.0%) | (3.9%) | (8.2%) | (16.2%) | 3.7% | - | - | - |
Havyard Group ASA - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | MMC First Process AS | - |
Displaying 1 - 1 of 1
Havyard Group ASA - employee data
Havyard Group ASA - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman of the Board | BM | ||||||
| Chairman of the Board | BM |
BM Board Member
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