Nasdaq CopenhagenIFRS · DKK

ESVAGT A/S

ESVAGT A/S is a Danish maritime services company that operates vessels and related support services for offshore energy customers. Its business centers on vessel-based safety, standby, and emergency response operations, supported by charter arrangements and marine assets.

Kysy yhtiöstä
Liikevaihto1 404milj. DKK
−4,4 %v/v
Liikevoitto (EBIT)136milj. DKK
−35,6 %v/v
EBIT-marginaali9,7%
−4,7 %-yks.v/v
Nettotulos−17,1milj. DKK
−143,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

05001 0001 500milj. DKK2021: 1 081 milj. DKK2021: EBIT 239 milj. DKK20212022: 1 364 milj. DKK2022: EBIT 190 milj. DKK20222023: 1 438 milj. DKK2023: EBIT 200 milj. DKK20232024: 1 470 milj. DKK2024: EBIT 211 milj. DKK20242025: 1 404 milj. DKK2025: EBIT 136 milj. DKK20251 404136
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: ESVAGT A/S

Liiketoiminta

Osuus liikevaihdosta
Offshore vessel services75 %

Vessel-based standby, response, and support services for offshore operations.

Charter services20 %

Contracted vessel charters and related marine service arrangements.

Other income5 %

Ancillary income such as property rent and gains or losses on fixed asset sales.

Asiakkaat

ESVAGT primarily serves offshore oil and gas operators and energy companies that require standby, safety, and response coverage around offshore installations. It also serves customers using marine assets for chartered support work, where vessel availability and operational readiness are critical. Customer demand is tied to offshore activity levels, contract duration, and the need for safety-critical marine logistics.

Offshore oil and gas operators

They buy standby, safety, and emergency response vessel coverage for offshore assets and personnel.

Offshore energy companies

They use marine support services linked to offshore wind or energy operations.

Charter customers

They contract vessels for marine support work and operational coverage.

Industrial and marine counterparties

They contribute to ancillary rental or asset-related income streams.

Strategia

ESVAGT’s strategy appears centered on maintaining a fleet and financing structure that supports long-term offshore service contracts. The company also emphasizes risk management around interest rates, foreign exchange, and credit exposure so its vessel business can remain contract-ready across cycles.

Fleet readiness and vessel utilizationLyhyt aikaväli

The business depends on keeping vessels available for offshore contracts and response missions.

Financial risk managementLyhyt aikaväli

Floating-rate debt, FX exposure, and contract sensitivity can affect cash flow and valuation.

Contract and customer retentionKeskipitkä aikaväli

Longer-duration offshore contracts support visibility and reduce utilization volatility.

Asset value preservationKeskipitkä aikaväli

Vessel assets are central to the business and drive impairment sensitivity.

Maantiede

ESVAGT is headquartered in Denmark and operates as a Nordic maritime services company with offshore exposure beyond its home market. Its reported risk disclosures point to meaningful exposure to the UK pound and offshore energy markets, indicating that a substantial part of activity is tied to North Sea and related offshore regions. Geography matters because vessel deployment, contract currency, and customer activity are all linked to specific offshore basins and energy markets.

Riskit

ESVAGT’s key risks are tied to offshore market utilization, vessel economics, and financial leverage around its asset-heavy fleet. Results are also sensitive to day rates, inflation, interest rates, FX movements, and customer credit quality, all of which can move quickly in offshore energy markets.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Utilization and day-rate risk1Interest-rate exposure2Asset impairment risk3Foreign exchange exposure4Credit risk from customers5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Utilization and day-rate riskVaikutus: KorkeaTodennäköisyys: Korkea

    Cash flows depend on offshore vessel deployment and post-contract pricing assumptions.

    Kohdistuu: Standby and ERRV activities

  2. Interest-rate exposureVaikutus: KorkeaTodennäköisyys: Korkea

    The group uses vessel financing and revolving facilities with floating-rate debt.

    Kohdistuu: Borrowings and hedging

  3. Asset impairment riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Vessel CGUs are sensitive to assumptions on future utilization, discount rates, and inflation.

    Kohdistuu: Fleet carrying values

  4. Foreign exchange exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    GBP and other currency moves affect reported results and contract economics.

    Kohdistuu: UK-linked offshore activity

  5. Credit risk from customersVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Trade receivables and contract assets depend on customer ability to pay.

    Kohdistuu: Offshore energy counterparties

Kysy Clarifolta: ESVAGT A/S

Kirjanpito

Harkinnanvaraiset erät
Impairment of vessels and CGUs

Value-in-use depends on future day rates, utilization, discount rates, and inflation assumptions.

Vaikutus: Can materially change asset carrying values and earnings

Derivatives and hedge accounting

Interest-rate swaps and other hedges affect finance costs and fair value movements.

Vaikutus: Affects volatility in profit or loss and equity reserves

Lease accounting

Vessel and facility leases create right-of-use assets and liabilities under IFRS 16.

Vaikutus: Changes leverage presentation and depreciation/interest profile

Contract liabilities

Charter-related liabilities can shift with contract timing and acquisitions.

Vaikutus: Affects revenue timing and balance sheet liabilities

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Päivitetty: 24.10.2026