Nekkar ASA - norjalainen disruptoija

Tasaista tekemistä. Valuutoista negaa ja jonkin verran viime vuoden alle.

10MUSD palvelusopimuksen lisäksi ei ilmeisesti mitään muuta olennaista backlogiin lisätty :slightly_frowning_face:

16 February 2023 - The fourth quarter was Nekkar ASA’s (Nekkar) strongest
revenue-wise in 2022 with revenue of NOK 125 million (Q4 2021: 138). EBIT in the
fourth quarter ended at NOK 34 million (45). Order intake was NOK 105 million
(28) resulting at a healthy order backlog of NOK 824 at the end of 2022. The
company’s balance sheet remains solid, with NOK 181 million in net cash.
Subsequent to year-end, the company signed a breakthrough contract for the
InteliWell joint venture.

“Our operational performance in the fourth quarter has been good, reflecting
strong revenues from both newbuild and aftermarket projects. Our order intake
echoes continued high tendering activity within Shipyard Solutions, and we
experience encouraging progress for our impact technologies. Overall, the fourth
quarter was another step in the right direction for all our business areas,”
says Ole Falk Hansen, CEO of Nekkar.

Order intake in the fourth quarter was NOK 105 million (28), close to four
times as high as the corresponding quarter in 2021. The order intake includes a
USD 10 million contract for upgrade of third-party shiplift systems in Dubai
Maritime City. Nekkar’s order backlog remains strong at NOK 824 million as of 31
December 2022, providing excellent visibility for the Shipyard Solutions
business area in the coming years.

Nekkar reported revenue of NOK 125 million (138) in the fourth quarter 2022.
The company’s operational EBITDA was NOK 13 million (47), negatively affected by
a USD depreciation versus NOK during the fourth quarter 2022. Reported EBITDA
was NOK 38 million (48), positively affected by gain on FX contracts, and EBIT
was NOK 34 million (45).

“As the majority of Nekkar’s projects are invoiced in USD, both operational and
reported EBITDA become impacted - in opposite directions. However, the
underlying operational and financial performance is good in Nekkar,” adds Ole
Falk Hansen.

Nekkar’s balance sheet remains solid. At year-end 2022, the company had NOK 181
million in cash, no interest-bearing debt, and an undrawn NOK 200 million credit
facility available for future investments.


Nekkar is currently developing sustainable and digitalized impact technologies
that aim to unlock customer value in ocean-based industries. These technologies
include the InteliWell rig automation solution, SkyWalker wind turbine
installation tool, and Starfish closed fish cage. The fourth quarter of 2022 and
subsequent months have been productive for Nekkar’s drive towards
commercialization of these impact technologies.

In November 2022, BMS Heavy Cranes entered into an innovation agreement for the
development and testing of the SkyWalker wind turbine installation tool.
Moreover, Nekkar has in recent months received approaches from operators of
offshore wind farms who express an interest in utilizing SkyWalker for equipment
replacements at offshore wind farms.

“Our original intention for SkyWalker was to use it solely as a wind turbine
installation tool, first onshore and then for quayside assembly of offshore wind
turbines. However, recent requests from operators indicate that they are
interested in deploying SkyWalker in the operations and maintenance phase of an
offshore wind farm. This could expand its commercial potential significantly,”
adds Ole Falk Hansen.

Subsequent to the end of the fourth quarter, the InteliWell joint venture, which
Nekkar is part of together with Transocean and Viasat, has signed its first
commercial contract. The four-year contract is with an undisclosed major rig
operator. Nekkar’s subsidiary, Intellilift, will execute the project on behalf
of the joint venture during 2023.


For the full year 2022, Nekkar delivered revenue of NOK 388 million (2021: 480),
with an operational EBITDA of NOK 70 million (143), reported EBITDA of NOK 62
million (140) and EBIT of NOK 52 million (135). Order intake was NOK 257 million
in 2022, versus NOK 113 million the year before. Net cash flow from operations
was NOK 38 million (-59.6 million).

Since 2019, Nekkar has implemented a strategy to drive more revenue from sales
of services, spare parts and upgrades for shiplifts and transfer systems. This
strategy continues to yield results. In 2022, revenue from service grew by 48
percent to NOK 68 million, while order intake from service increased 30 percent
versus the prior year.

Lähde: NewsWeb

2022 Q4 presis
en_Nekkar ASA_Q4_2022_presentation.pdf (3,6 Mt)

IntelliWell tehnyt 4 vuoden sopimuksen katsauskauden jälkeen. En nyt muista aiemmin nähneeni mainintaa :thinking:
Lisäksi Skywalkerista tehty innovaatiosopimusta, kaupallistaminen edistyy

Edit: Pitääpä vielä nostaa erikseen tämä maininta CEO:n kommenteista

“Our original intention for SkyWalker was to use it solely as a wind turbine installation tool, first onshore and then for quayside assembly of offshore wind turbines. However, recent requests from operators indicate that they are interested in deploying SkyWalker in the operations and maintenance phase of an offshore wind farm. This could expand its commercial potential significantly,” adds Ole Falk Hansen.

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Tarkemmin käyty läpi Starfishin kehitystä, rakennetta ja business casea.

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Uutta kasvualustaa ja osaavia käsipareja :partying_face:

Techano meni tai oli menossa koskurssiin, kun piti toimittaa Islantilaisen asiakkaan kautta Venäjälle isoa toimitusta. Loppui rahat ja Nekkar otti sitten koppia ainakin tekijöistä.

The nine person strong engineering team from Techano has extensive industry
experience with product delivery and project execution within the renewables,
aquaculture and marine industries.

Tämä osa erityisesti miellytti ilmoituksessa :grin:

Nekkar acquires Techano Group for an undisclosed immaterial amount.

Vastuista en sitten tiedä, mitä tuolta jäi jäljelle tai tuleeko mukana. Mutta palvelu- ja tuotevalikoima sopii hyvin Nekkarin vastaavaan :+1:

Nekkar strengthens business offering with smart, electric lifting and handling solutions
23.3.2023 08:00:00 CET | Nekkar ASA | Non-regulatory press releases

23 March 2023 - Nekkar ASA (Nekkar) strengthens its presence within renewables
and aquaculture through the acquisition of Techano Group (Techano) based in
Kristiansand, Norway.

The add-on business will combine Nekkar’s unique in-house automation,
electrification, and software competence, with personnel from Techano who are
specialists in load handling and lifting equipment for the renewable,
aquaculture, offshore and marine industries.

“By combining strong industry competence from an established business with our
impact technology we will strengthen our offering in the industry verticals that
Nekkar is targeting, especially the renewables and aquaculture industries.
Together, we will develop smart, electric lifting and handling solutions that
are fully automated and digitized, capable of challenging the incumbent
solutions in the market,” says Ole Falk Hansen, CEO of Nekkar.

Tuolta lisää Techanosta


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InteliWell julkaisi vihdoin sopimuksen. Tämä kai piti tulla jo alkuvuodesta :grin:
Parempi kuitenkin nyt kuin ei ollenkaan

Sopparin arvosta ei mitään mainintaa, mutta tärkeintä on nyt saada tuotantokäyttöön ja sitä kautta laajennettua toimintaa eteenpäin

Nekkar ASA: InteliWell JV secures first rig services contract
2.5.2023 10:16:18 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state

2nd May May 2023 - InteliWell signs initial contract for the joint venture’s
game-changing drilling automation solution, InteliWell, as previously announced.

InteliWell, a joint venture formed to accelerate autonomous well construction,
today announced that Transocean, on behalf of its customers Wintershall Dea and
OMV, has contracted the JV to equip and utilize its proprietary InteliWell
software on the drilling rig Transocean Norge.

Transocean Norge is a harsh environment unit with capacity of conducting
drilling operations in water depths up to 1,000 metres and maximum drilling
depth of 12,200 metres. The harsh environment, semisubmersible will commence a
joint contract with Wintershall Dea and OMV for the drilling of 17 wells on the
Norwegian continental shelf.

“InteliWell will enable more efficient and consistent execution of drilling
operations, which will result in reduced drilling time and costs for both the
Operators, Wintershall Dea and OMV, and Transocean. Additionally, the use of
InteliWell will improve safety by reducing the need for manual work and
personnel exposure in red zones on the rig floor,” says Stig Trydal, Board
Member of InteliWell, and Managing Director of Intellilift.


Hieman lisää asiaa tuosta sopimuksesta

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Dubai Maritime City (DMC), the multi-purpose industrial and commercial maritime hub of DP World, a leading global supply chain solutions provider, has awarded Syncrolift AS, the world’s leading manufacturer of ship lifts and transfer systems, a major contract to upgrade its facilities to reach a capacity of 2,000 docking and undocking operations per year.**

The project is expected to cost $10.3 million and take 450 days to implement. Upon completion, it will boost DMC’s total ship handling capacity from 800 to 2,000 per year.

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Nyt myös Nekkarin uudelle tulokkaalle Techanolle 4M€ tilaus :partying_face:
toimitus 2024

Nekkar awarded crane contract for offshore wind vessel

23 May 2023 - Nekkar ASA (Nekkar), through the recently acquired Techano Group,
has been awarded a contract to deliver an offshore crane to a newbuild cable-lay
support vessel (CLSV) that Sefine Shipyard is building for Norwegian shipowner

Under the contract, Nekkar will deliver a 70-tonnes offshore crane capable of
performing both subsea installation and removal operations plus topside
3D-compensated lifting operations in conjunction with wind farm developments and
operations. The total contract value, including certain options, is
approximately EUR 4 million.

Nekkar will conduct the engineering and project management from the group’s
headquarter in Kristiansand, Norway. The completed crane will be delivered to
Nekkar’s contract partner, Sefine Shipyard in Turkey, in 2024.

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Tässä osavuosikatsaus. Oikeaan suuntaan kehitystä luvuissa ja uusissa liiketoiminnoissa. Esityksessä oli ensimmäistä kertaa avattu numeroina näkyvyyttä tuleviin mahdollisiin Syncrolift sopimuksiin.

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