Q1 2022 Hav Group ASA Earnings Call Transcript
Welcome to HAV Group ASA's first-quarter financial results presentation. My name is Gunnar Larsen; I'm the CEO of HAV Group. And together with me I have Marius Koksvik, which is the Vice President for business development in the group.
Today, I'm going to tell a little bit about the highlights of the quarter. I'm going to tell you about the HAV Group in general and the subsidiaries and their market opportunities. Marius will come in and present the financials in more details. And I will give a market outlook for the group and for the subsidiaries at the end. We also open for questions and answers. We already got a lot of good questions from our stakeholders, so we will take a session with questions and answers at the end of the presentation.
Q1 has been another exciting quarter for HAV Group. We had a revenue of NOK199 million with an EBIT of NOK8 million. Cash from operations was NOK21 million, and our total cash balance is, at the end of the quarter, NOK373 million.
Some of the key developments in Q3 is that Norwegian Electric Systems
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