Moreld

Moreld announces Q4 and full-year 2024 financial results and proposed initial NOK 0.42 dividend distribution in Q2 2025. Refinancing and IPO successfully completed, full-year results in line with guidance.   We are pleased to report a solid fourth-quarter performance, marking a robust conclusion to the year. Moreld achieved fourth-quarter revenues of NOK 2.4 billion and an adjusted EBITDA of NOK 128 million.   The results reflect robust performance in a quarter with lower seasonal demand for subsea and marine operations in the North Sea and intercontinental transit of two vessels commencing on new projects in West Africa. For the full year, Moreld's proforma revenue was NOK 9.1 billion and adjusted EBITDA exceeded NOK 1 billion, which is in the upper range of the company’s guidance.   Additionally, we are glad to share that the board of directors has approved a new dividend distribution policy. Moreld’s board intends to propose an initial dividend of NOK 0.42 per share for Q2 2025 to the Annual general meeting. 📊 For the full press release: https://lnkd.in/dkmjfxTp 📊 The report and presentation are available on our investor pages: https://lnkd.in/dw5zZ6n6 #Moreld #Q4 #dividend

To meet contractual obligations and continued strong demand for offshore construction capacity, Ocean Installer, a subsidiary of Moreld AS has executed an 18-month option, extending the charter-party for the advanced multi-purpose offshore construction vessels “North Sea Giant” to the end of Q1 2027. More information below:

Invitation to presentation of Moreld’s fourth quarter results – 14 February 2025   Moreld will present its Q4 2024 results on 14 February 2025 at 08:30 CET.   CEO Geir Austigard and CFO Trond Rosnes will present the results. 📍 Location: SpareBank 1 Markets, Olav V’s gate 5, Oslo 💻 Webcast: https://lnkd.in/dh3u4fKZ   The interim report and presentation materials will be available from 07:00 CET on the company's homepage, moreld.com and Oslo Stock Exchange's news site, www.newsweb.no.   For further details, please refer to the full press release: https://lnkd.in/dwyqE-mb

Moreld is Now Listed on Euronext Growth Oslo! We are proud to announce that Moreld has officially listed on Euronext Growth Oslo, marking a major milestone for our stakeholders.

Big news from Moreld! We are excited to announce that our private placement launches today as part of our upcoming listing on Euronext Growth Oslo — with trading set to begin before Christmas! 

🌐 HydePoint is proud to announce a strategic partnership with Norwegian Hydrogen to drive forward green hydrogen projects! By combining HydePoint’s pioneering hydrogen production technology with Norwegian Hydrogen’s project development and operational strengths, we’re setting out to deploy near-shore hydrogen solutions within the next 2-3 years. This collaboration supports the maritime sector and carbon-intensive industries on their journey toward decarbonization and aims to significantly reduce industrial emissions, paving the way for a low-emission future. This partnership is a testament to our shared commitment to innovation and sustainability. Together, we are dedicated to creating impactful, scalable solutions for Europe’s energy transition. Jens Berge | Elin Steinsland | Nils Magne Reilstad | Marielle Furnes Mannseth | Gaute Bakli | Simen Skaare Eriksen | Øystein Tørlen | Asbjorn Mortensen | Lucie Addicks | Marianne Nærø www.hydepoint.com/news/ KONGSBERG | Moreld | Vergia Swiss Life Asset Managers | Fortescue | Mitsui & Co., Ltd. | Flakk Group | Hexagon Purus | #CIFO | #GreenHydrogen #ProjectDevelopment #EnergyTransition #Decarbonization #SustainableFuture #Hydrogen #Partnership #Norway

Moreld sells stake in Capnor to Hawk Infinity Software. Moreld today announced the sale of its 67 percent ownership interest in Apply Capnor AS (Capnor) to Hawk Infinity Software AS. The transaction is in line with Moreld’s strategy to optimise its portfolio and capital allocation. The transaction implies a total enterprise value of Capnor of NOK 300 million, yielding an EV/EBITDA multiple of 6.7x. Apply Capnor contributes to less than 5% of Moreld’s consolidated EBITDA. "With Moreld as owner, Capnor’s management has successfully transformed the company into a global leader in 3D scanning and digital twin solutions and positioned the business for continued expansion. With Hawk as its new owner, Capnor is well-positioned to further scale its capabilities and enhance its industry prominence,” said Geir Austigard, CEO of Moreld Group AS. The transaction, completed with no additional contingent considerations, supports Moreld's strategic focus on optimising its portfolio and capital allocation. Hawk will integrate Capnor’s solutions into its B2B cloud-based offerings, aiming to expand its position across the Nordic and international markets. Through its Ayelix platform, Capnor offers clients an efficient and user-friendly tool for managing 3D scans and engineering data, enhancing project execution and operational efficiency. The technology offers significant opportunities for remote training and workforce development. The Ayelix platform is also available as a standalone software product, further strengthening Capnor’s market position. Moreld Group was advised in this transaction by BTIG Norway AS and Schjødt.

Moreld has decided to pursue a listing on Euronext Growth Oslo, a multilateral trading facility operated by Euronext Oslo Børs. In conjunction with the listing, the company is also considering an equity raise. The intended use of proceeds will be to repay debt and for general corporate purposes. The listing will provide access to public capital markets and provide a liquid market for the shares, enabling the company to enhance visibility and market profile with investors, business partners, suppliers and customers. Moreld CEO Geir Austigard says: “Since McIntyre Partners became the majority owner early this year, we have repositioned and grown the company. As a result, we have achieved an EBITDA over the last 12 months of over NOK 1 billion with over NOK 11 billion in contract backlog from blue-chip customers under multi-year contracts.” Read the full press release below (available in Norwegian)

Moreld has entered into an agreement with HitecVision to acquire Ocean Installer, a marine construction company that serves the offshore energy sector.   The acquisition of Ocean Installer will expand Moreld’s service range into subsea engineering and construction services, create an engineering and project execution powerhouse with over 2,300 employees, expand long-term customer relationships, and position the company to benefit from significant investment in the NCS and global offshore markets.   “We are pleased to welcome Ocean Installer into the Moreld Group" says Geir Austigard, CEO of Moreld. "This acquisition marks a significant step forward in our strategic growth plan and underlines our commitment to delivering exceptional value to our customers. Together, we will leverage our combined expertise and resources to drive innovation, expand our market reach, and create new opportunities for success. Ocean Installer is an excellent addition to the Moreld family and will further strengthen our international presence” he continues.    The transaction papers have been signed and sent to the Norwegian competition authorities for approval. The acquisition is expected to be finalized by end of June 2024.