KALDVIK AS Reports Q1 2025 Results and Refinancing Updates
KALDVIK AS Delivers Q1 2025 Financial Highlights
KALDVIK AS (KLDVK) has recently unveiled its financial performance for the first quarter of 2025, showcasing operating income of EUR 48.4 million, a notable increase from EUR 31.1 million reported in the same period last year. However, the company faced challenges in profitability, registering an operating loss of EUR 9.8 million before fair value adjustments and production tax, compared to a profit of EUR 2.4 million from Q1 of the previous year.
Production and Harvest Performance
During Q1 2025, KALDVIK's harvest reached 6,383 tonnes, a significant rise from the 3,986 tonnes harvested in the first quarter of 2024. This increase reflects the company's ongoing commitment to enhancing productivity and efficiency in its operations, gearing up for a robust performance in the upcoming quarters.
Webcast Information
The company will host a live webcast for analysts and investors to discuss the Q1 results at 09:00 CEST. This session aims to provide deeper insights into the financial results, the company's strategic direction, and future outlook.
Announcement of New Refinancing Package
KALDVIK AS has taken proactive steps to secure its financial future by initiating a new refinancing package. This strategic move includes a comprehensive debt restructuring and an equity raise to generate approximately EUR 45 million in new capital. The company has received confirmation from its existing lenders about improved financing terms, which will support its growth and operational needs.
Equity Raise and Stakeholder Involvement
The equity raise is a vital condition linked to the new financing, and the company is gearing up to launch this initiative with the strong support of its majority shareholder, Austur Holding AS. The backing of Austur emphasizes the confidence stakeholders have in KALDVIK’s potential for growth and recovery.
What’s Next for KALDVIK AS?
As KALDVIK progresses with its refinancing strategy, it remains focused on optimizing operations and enhancing financial stability. Stakeholders can expect updates on the equity raise and additional developments in the coming months, as the company solidifies its plans amidst a changing economic landscape.
Company Contact Information
For further inquiries, please reach out to Robert Robertsson, the CFO of KALDVIK AS, at +354 843 0086.
Frequently Asked Questions
What were KALDVIK AS's Q1 2025 revenue figures?
KALDVIK AS reported an operating income of EUR 48.4 million in Q1 2025, up from EUR 31.1 million in Q1 2024.
How much biomass was harvested by KALDVIK AS in Q1 2025?
The company harvested 6,383 tonnes in Q1 2025, a substantial increase from 3,986 tonnes harvested in the same quarter last year.
What is the expected outcome of KALDVIK AS's equity raise?
The company aims to raise approximately EUR 45 million to enhance its financial stability and operational capacity as part of its new refinancing package.
Who is the majority shareholder backing KALDVIK AS?
Austur Holding AS is the majority shareholder providing significant backing for KALDVIK AS's upcoming equity raise.
Where can I find more information about KALDVIK AS's financial performance?
Updated financial information, including presentations and reports, can be accessed through KALDVIK AS's official website.
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