Vow ASA Logo

Vow ASA

ISIN: NO0010708068 | Ticker: VOW | LEI: 5967007LIEEXZXGUAO90
Country: Norway

About Vow ASA

Company Description

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and material recycling. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company’s capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and valorisation of waste. It also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda.

Year founded

2011

Served area

Worldwide

Headquarters

Lysaker Torg 12, 1366 Lysaker – Norway

Financial statements

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Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 709,700,000.00 1,106,600,000.00 1,452,400,000.00
Noncurrent Assets N/A 348,100,000.00 570,200,000.00 722,500,000.00
Property Plant And Equipment N/A 19,200,000.00 22,300,000.00 43,900,000.00
Goodwill N/A 144,500,000.00 137,800,000.00 179,300,000.00
Intangible Assets Other Than Goodwill N/A 158,800,000.00 232,600,000.00 332,800,000.00
Investments In Associates Accounted For Using Equity Method N/A 0.00 142,600,000.00 120,500,000.00
Noncurrent Receivables N/A 500,000.00 900,000.00 900,000.00
Deferred Tax Assets N/A 7,200,000.00 9,200,000.00 9,200,000.00
Current Assets N/A 361,500,000.00 536,300,000.00 729,900,000.00
Inventories N/A 10,000,000.00 18,000,000.00 54,600,000.00
Current Trade Receivables N/A 148,500,000.00 122,300,000.00 192,100,000.00
Other Current Receivables N/A 53,900,000.00 60,000,000.00 N/A
Cash and cash equivalents 85,500,000.00 26,600,000.00 141,100,000.00 42,500,000.00
Equity And Liabilities N/A 709,700,000.00 1,106,600,000.00 1,452,400,000.00
Equity 231,700,000.00 320,800,000.00 523,700,000.00 530,600,000.00
Issued Capital N/A 11,000,000.00 10,700,000.00 10,700,000.00
Retained Earnings N/A 8,000,000.00 -10,500,000.00 3,900,000.00
Share Premium N/A 292,100,000.00 516,400,000.00 498,000,000.00
Treasury Shares N/A N/A 0.00 100,000.00
Equity Attributable To Owners Of Parent N/A 320,000,000.00 522,600,000.00 529,500,000.00
Noncontrolling Interests N/A 900,000.00 1,100,000.00 1,100,000.00
Liabilities N/A 388,800,000.00 582,800,000.00 921,800,000.00
Noncurrent Liabilities N/A 157,100,000.00 284,600,000.00 265,000,000.00
Deferred Tax Liabilities N/A 32,300,000.00 33,200,000.00 46,800,000.00
Longterm Borrowings N/A 110,700,000.00 240,400,000.00 192,900,000.00
Current Liabilities N/A 231,800,000.00 298,200,000.00 656,700,000.00
Trade And Other Current Payables To Trade Suppliers N/A 108,100,000.00 72,900,000.00 177,800,000.00
Current Contract Liabilities N/A 55,600,000.00 96,400,000.00 141,000,000.00
Current Derivative Financial Liabilities N/A 1,900,000.00 0.00 N/A
Other Current Liabilities N/A 25,900,000.00 72,900,000.00 44,900,000.00
Line item in (nok) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 459,800,000.00 454,100,000.00 782,800,000.00
Cost Of Merchandise Sold 295,600,000.00 282,500,000.00 487,200,000.00
Employee Benefits Expense 80,200,000.00 90,800,000.00 126,600,000.00
Depreciation Expense 9,700,000.00 13,500,000.00 17,700,000.00
Amortisation Expense 11,300,000.00 10,200,000.00 13,800,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 900,000.00 600,000.00 700,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 900,000.00 600,000.00 700,000.00
Other Expense By Nature 37,300,000.00 39,600,000.00 76,800,000.00
Profit Loss From Operating Activities 16,600,000.00 7,100,000.00 53,300,000.00
Finance Income N/A 13,400,000.00 25,200,000.00
Finance Costs N/A 32,300,000.00 34,200,000.00
Profit Loss Before Tax 28,100,000.00 322,300,000.00 22,300,000.00
Income Tax Expense Continuing Operations 200,000.00 -1,000,000.00 7,900,000.00
Profit (loss) 27,900,000.00 323,400,000.00 14,400,000.00
Profit Loss Attributable To Owners Of Parent 27,900,000.00 323,300,000.00 14,300,000.00
Profit Loss Attributable To Noncontrolling Interests 0.00 100,000.00 100,000.00
Line item in (nok) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 27,900,000.00 323,400,000.00 14,400,000.00
Adjustments For Sharebased Payments N/A 2,700,000.00 2,400,000.00 1,700,000.00
Adjustments For Fair Value Gains Losses N/A -25,000,000.00 0.00 0.00
Adjustments For Undistributed Profits Of Associates N/A 0.00 -7,400,000.00 -22,100,000.00
Cash Flows From Used In Operating Activities N/A -5,300,000.00 18,000,000.00 -72,200,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 3,200,000.00 9,400,000.00 18,000,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 61,500,000.00 86,700,000.00 99,200,000.00
Cash Flows From Used In Investing Activities N/A -64,700,000.00 -246,100,000.00 -142,100,000.00
Proceeds From Issuing Shares N/A 6,400,000.00 224,900,000.00 3,400,000.00
Payments To Acquire Or Redeem Entitys Shares N/A N/A 0.00 21,800,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 5,300,000.00 26,000,000.00 47,900,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 3,600,000.00 8,600,000.00 11,900,000.00
Interest Paid Classified As Financing Activities N/A 9,000,000.00 10,300,000.00 17,000,000.00
Cash Flows From Used In Financing Activities N/A 11,000,000.00 341,100,000.00 114,600,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -58,900,000.00 113,000,000.00 -99,700,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A 0.00 1,500,000.00 1,100,000.00
Cash and cash equivalents 85,500,000.00 26,600,000.00 141,100,000.00 42,500,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0010708068

LEI

5967007LIEEXZXGUAO90

Sector

Industrials

Industry Group

Capital Goods

Industry

Machinery

Sub-Industry

Industrial Machinery & Supplies & Components

Listed Stock Exchange

Oslo Børs

Main Stock Exchange

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