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AKVA group ASA (AKVA.OL)

Oslo - Oslo Delayed Price. Currency in NOK
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69.80+2.20 (+3.25%)
At close: 01:05PM CET

AKVA group ASA

Plogfabrikkvegen 11
Klepp Stasjon 4353
Norway
47 51 77 85 00
https://www.akvagroup.com

Sector(s)Industrials
IndustryFarm & Heavy Construction Machinery
Full-time employees1,425

Key executives

NameTitlePayExercisedYear born
Mr. Knut NesseChief Executive Officer6.06MN/A1967
Mr. Ronny MeinkoehnGroup Chief Financial Officer3.82MN/A1978
Mr. Stale OklandGroup Director of Communications & Sustainability2.27MN/AN/A
Ms. Maren Hognestad SundeGroup HR Director2.15MN/AN/A
Mr. Johan Fredrik GjesdalChief Operating Officer of Land Based2.79MN/A1983
Mr. Asle Kjetil BratteliChief Digital Officer2.97MN/A1961
Mr. Glenn MoChief Operating Officer Egersund Net3.52MN/AN/A
Mr. Kristian BotnenChief Operating Officer of Sea Based Nordic2.37MN/AN/A
Stig Domaas ForreCOO of Sea Based International1.16MN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in NOK.

Description

AKVA group ASA designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry. The company operates through three segments: Sea Based Technology (SBT), Digital, and Land Based Technology (LBT). The SBT segment offers feed barges, steel cages, fish farming cages, feed systems, polyethylene (PE) cages, nets, sensors, cameras, light systems, net cleaning systems, remotely operating vehicles, and mooring systems under the Polarcirkel, Wavemaster, and AKVASmart brands. This segment also provides PE-boats for the fish-farming, diving, and the oil and gas service industries. The Digital segment provides production control, planning, traceability, and ERP software for the aquaculture and fishing industries under the Fishtalk, AKVAconnect, AKVA Submerged, and AKVA Observe names. The LBT segment designs and delivers recirculation systems for land-based fish farming, as well as provides water quality conditions for fresh and seawater operations. AKVA group ASA operates in Norway, Chile, the United Kingdom, Denmark, Canada, and internationally. The company was incorporated in 1982 and is based in Klepp Stasjon, Norway. AKVA group ASA is a subsidiary of Egersund Group AS.

Corporate governance

AKVA group ASA’s ISS governance QualityScore as of 1 March 2024 is 9. The pillar scores are Audit: 4; Board: 8; Shareholder rights: 4; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.