)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Norva24 Group (NORVA) investor relations material
Norva24 Group has been delisted
Norva24 Group Q4 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2024 earnings summary19 Feb, 2025
Executive summary
Achieved 15.5% year-over-year revenue growth in Q4 2024, with currency-adjusted organic growth of 6.2% and all segments contributing positively.
Margin improvements in Norway, Sweden, and Denmark; Germany impacted by underperformance in Jutzy.
Strong operational cash flow and cash conversion at 90.8% for the full year, reflecting improved working capital and capital efficiency.
Excluding underperforming Jutzy in Germany, Q4 growth was 21.5% and organic growth 11.3%.
Continued robust M&A activity, with over 90% of acquisitions bilateral and a rich pipeline of opportunities.
Financial highlights
Q4 2024 total operating revenue: NOK 989 million, up 15.5% year-over-year; full year: NOK 3,631 million, up 15.2%.
Adjusted EBITA Q4: NOK 81.4 million (margin 8.2%), down 1.3 percentage points year-over-year; full year adjusted EBITA: NOK 384 million (10.6% margin).
Excluding Jutzy, full-year adjusted EBITA was NOK 400 million (11.5% margin).
Q4 operating cash flow was NOK 298 million, up NOK 92 million year-over-year; full year: NOK 660.6 million.
Net interest-bearing debt/adjusted EBITDA at 2.1x, with net debt at year-end NOK 1,550.6 million.
Outlook and guidance
Expectation to continue organic growth in 2025, supported by capacity increases and potential price adjustments.
Margin improvement methodology and business process tools being implemented, especially in Germany.
Targeting NOK 4.5 billion in statutory revenue and adjusted EBITA margin of 14–15% by 2025, though acknowledged as challenging.
ERP and field service management system rollout in Germany anticipated to drive operational improvements in the second half of 2025.
M&A activity expected to pick up, with a prudent approach to capital allocation.
Explain the margin reduction in Germany.
Assess the impact of discontinuing Jutzy's project business.
What is the plan for capital reinvestment?
Jutzy's UIM business profitability outlook for 2025?
Detail M&A approach adjustments post-Jutzy.
CapEx allocation for new contracts and green vehicles?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Norva24 Group provides underground infrastructure maintenance services including pipe cleaning, inspection, and repair. The company serves municipalities, industries, and property owners with non-disruptive and environmentally friendly solutions. It operates service units across multiple countries in Northern Europe. The company is headquartered in Oslo, Norway, and its shares are listed on the STO.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage