Why HAV Group stock moves
HAV Group, Oslo-listed, was roughly unchanged.
Written after the close on ·
Why today
16,413 news analyzed todayHAV Group, Oslo-listed, was roughly unchanged.
Over the past five trading days it fell clearly, moving in line with a sharp market decline.
The move was an ordinary one for the stock, and trading was quieter than usual.
The only news from the last session is a report of a net loss tied to asset sales and capital raising, which may have been partly behind the early weakness.
Today's move of −0.48% was 0.4 times a normal day's 1.1%. Oslo Børs benchmark index moved −1.31% on the same day.
HAV Group −0.48%
What analysts expect, and how often they have been right
Analysts’ estimates for HAV Group.
HAV Group earned more than expected in 0 out of 2 reports.
Not in the chart because no estimate and result are available: 2 of the 4 reports in this period, the latest on April 30, 2025.
The share moved in the same direction as the earnings surprise in 2 out of 2 reports with a measured move, against about 63% of reports from Nordic companies.
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedNOK
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −10% and earnings per share went from -0.88 NOK to 0.04 NOK.
Revenue, profit and market cap
RevenueProfitMarket capm NOK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capm NOK
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 362 m NOKRevenue 2025: 803 m NOK
What the key figures say about HAV Group
The figures connect what HAV Group earns with what investors pay.
The line shows the share price in the same year, on its own scale.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -0.88 NOK–0.04 NOK. Peers: Viking Supply Ships 15.40 SEK, Tallink Grupp 0.04 EUR, Gotlandsbolaget -40.62 SEK.
What the company sold during the year.
2022–2025: 617 m NOK–803 m NOK. Peers: Viking Supply Ships 1.2 bn SEK, Tallink Grupp 791 m EUR, Gotlandsbolaget 3.8 bn SEK.
The percentage of revenue left after the costs of running the business.
2022–2025: −6.8%–0.3%. Peers: Viking Supply Ships 18.0%, Tallink Grupp 8.1%, Gotlandsbolaget 0.7%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −35.5%–1.5%. Peers: Viking Supply Ships 9.7%, Tallink Grupp 4.3%, Gotlandsbolaget 1.4%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 145.8–145.8. Peers: Viking Supply Ships 10.8, Tallink Grupp 16.4.
What investors pay for each unit the company sells.
2022–2025: 0.25–0.48. Peers: Viking Supply Ships 1.87, Tallink Grupp 0.62, Gotlandsbolaget 1.49.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -8.30–-6.74. Peers: Viking Supply Ships 3.34, Tallink Grupp 3.53, Gotlandsbolaget -5.92.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 2.24–3.31. Peers: Viking Supply Ships 1.16, Tallink Grupp 0.68, Gotlandsbolaget 1.07.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 1.0–14.6.
Cash left after investments, divided by the number of shares.
2022–2025: -2.61 NOK–2.52 NOK. Peers: Viking Supply Ships 14.71 SEK, Tallink Grupp 0.13 EUR, Gotlandsbolaget -6.17 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 13.2%–22.9%.
What followed similar falls?
Including reinvested dividends, HAV Group fell 4.2% over the latest five trading days. Since March 5, 2021, falls at least this large were followed by a higher value 21 trading days later in 19 out of 47 non-overlapping periods. The median was −2.8%, against −2.5% for an ordinary 21-day period, which ended higher 38 times in 100.
Such a fall has not said much about the next month.
−2.8% · 19/47
Earnings report
On its last 13 report days HAV Group usually moved about 4.0%. On a normal day it moves 1.1%.
−0.87% +0.22% −4.00% −4.79%
10,000 NOK in HAV Group bought on March 5, 2021 is worth 6,720 NOK today, with dividends reinvested.
The same amount in OSEBX with dividends would have become 19,700 NOK.
What would 10,000 NOK in HAV Group be worth today? →
What would 10,000 NOK in HAV Group be worth today?
6,720 NOK
with dividends reinvested, bought on March 5, 2021. The same amount in OSEBX with dividends would have become 19,700 NOK.
At worst it was worth 3,480 NOK (February 26, 2025).
The five biggest days of the journey
· +34.8% · the whole market rose 1.1% the same day
· +25.9% · the whole market rose 0.8% the same day
· −17.4% · the whole market rose 0.3% the same day
· +17.3% · the whole market rose 0.2% the same day
· +16.7% · the whole market rose 0.4% the same day
Earlier days
−4.17% HAV Group fell clearly over the week's five trading days, moving in line with the market. Read →
HAV Group fell clearly over the week's five trading days, moving in line with the market.
The Oslo Børs index fell sharply over the same days, so the company's drop mostly tracked the broader selloff.
In the last session the shares were roughly flat, a smaller move than the market's.
The news was thin, with items on policy and hiring, none clearly tied to the share price.
+1.44% HAV Group rose while Oslo's index fell. Read →
HAV Group rose while Oslo's index fell.
No company news from that session explains the move.
Over the last five trading days the shares fell clearly, more than the index.
Trading was well below its usual level, so the move may partly reflect thin trading.
The stock sits well above its low for the past year but well below its high from mid May.
−3.70% HAV Group fell sharply. Read →
HAV Group fell sharply.
No company news explains the drop.
Over the last five trading days the stock fell clearly, while the Oslo Børs index fell slightly.
A move this size is rare for HAV Group, happening about 11 times in the past year.
The share price sits well below its highest close of the past year, reached in mid May.
−1.37% HAV Group drifted slightly lower over the week, moving against a market that rose sharply. Read →
HAV Group drifted slightly lower over the week, moving against a market that rose sharply.
The most likely driver is company news: a subsidiary won orders to supply water treatment systems for new well boats, worth about 25 million kroner, announced on Tuesday 20 October.
That order news came before the week, so it is background rather than a direct cause.
Trading volume was well above its usual level, about three times a normal session, so the market was active.
−0.91% HAV Group barely moved without a company-news explanation. Read →
HAV Group barely moved without a company-news explanation.
Over the last five trading days the shares were roughly unchanged, while Oslo Børs rose sharply, so HAV Group lagged the market.
The last session's dip was an ordinary-sized move, and trading volume was well below its usual level.
The most recent company news, a 20 October order win for water treatment systems on well boats worth about 25 million kroner, came before the session.
+0.00% HAV Group barely moved without a company-news explanation. Read →
HAV Group barely moved without a company-news explanation.
Over the last five trading days it was roughly flat, lagging a clearly rising Oslo Børs index.
The move was an ordinary-sized day for the stock, with the market roughly flat that session.
The stock sits well below its highest close of the past year, reached in mid May.
The most likely driver is the wellboat water treatment order it announced on 20 October, which covers deliveries in 2027 and 2028 worth about NOK 25 million.
+0.46% HAV Group was roughly flat as Oslo's benchmark index rose sharply. Read →
HAV Group was roughly flat as Oslo's benchmark index rose sharply.
Its move was ordinary and smaller than the market's, with no company news explaining a break from the market.
Over the last five trading days it fell slightly while the index rose clearly, so it lagged the market.
Recent news, including fresh orders for water-treatment systems on wellboats (fish-transport vessels) worth about 25 million NOK, was known before that session and did not drive a separate move.
The shares sit well below their high of mid May and well above their low of mid December last year.
+1.86% HAV Group rose, moving more than the Oslo market. Read →
HAV Group rose, moving more than the Oslo market.
Its wellboat water-treatment unit won orders for a series of new fish-transport vessels, worth about 25 million kroner, delivered in 2027 and 2028.
Those orders came out before the last session, so they were already known when trading opened.
No company news from the last session explains the rise.
The shares were roughly unchanged over the last five trading days, while the market was also flat.
−0.45% HAV Group was roughly unchanged over the last five trading days. Read →
HAV Group was roughly unchanged over the last five trading days.
The broader Oslo market was also roughly flat, so the company moved slightly on its own.
Its subsidiary's water treatment unit won a contract to supply systems for a series of new well boats, worth about 25 million kroner, delivered in 2027 and 2028.
That order news, announced on Tuesday, likely supported sentiment in the stock.
−3.59% HAV Group fell sharply on wellboat water treatment orders news. Read →
HAV Group fell sharply on wellboat water treatment orders news.
HAV Group, listed on Oslo Børs, fell sharply in the last session, moving more than the market.
The market itself fell sharply that day, so part of the drop was broad selling.
Over the last five trading days the stock fell slightly while the market was roughly flat.
Trading was well below its usual level, so the move happened on thin volume.
−7.56% HAV Group fell sharply over the past week, moving against a market that rose clearly. Read →
HAV Group fell sharply over the past week, moving against a market that rose clearly.
The only company news inside the window is unrelated to its business, so the drop is most likely driven by investor sentiment in the industrial shipbuilding and marine equipment sector rather than a specific event.
Earlier in the period, news of a subsidiary being chosen as supplier to a live fish carrier, with hybrid power systems for the Zamakona vessel, was a positive operational development that predates this window.
Watch for the company's next report and whether the sector's weakness persists.
−4.37% HAV Group fell sharply, more than the broader market, which also declined clearly. Read →
HAV Group fell sharply, more than the broader market, which also declined clearly.
Several company announcements were published in the days before that session, including a hybrid power systems contract for a live fish carrier and a supplier selection for a well boat.
Those were known when the session opened, so they are unlikely to explain the drop.
The most likely drivers are broader selling pressure in industrial shares and the market's reaction to the recent contract news, though the reason is not clear from the material available.
Over the last five trading days, HAV Group fell sharply while the Oslo Børs benchmark rose sharply, so the stock lagged the market through the week.
−3.36% HAV Group fell sharply. Read →
HAV Group fell sharply.
Over the last five trading days HAV Group slipped slightly while Oslo Børs was roughly flat, so the move was company-specific rather than market-wide.
The company news in the period was a contract win: its subsidiary NES was chosen to supply hybrid power systems — battery-backed electric drive that cuts fuel use — for a live fish carrier being built for Zamakona Shipyard in Bilbao, announced last week.
That order is normally a modest positive, so it does not explain the decline, and no other company-specific news was found; the fall therefore likely reflects broader sentiment toward small industrial and shipping-supply shares rather than anything new from the company.
Watch whether further order announcements follow, since the contract itself is the main thing on the table.
Learn more · Why do stocks go up and down?