Business progress and commercial expansion according to plan

Nov 10, 2021 | News, Uncategorized

– Argeo is progressing well. We are on track with our operations, technical development and our commercial expansion is proceeding according to plan, says Trond Crantz, CEO of Argeo.

Growing interest on all business areas

– Our commercial team is experiencing global interest for our robotic solutions across all Argeo’s business areas with strong leads for both our Hugin and SeaRaptor AUV’s in the quarter, Trond continues. As communicated earlier this year, the delivery and testing of the ordered SeaRaptor AUV’s are on schedule for delivery in Q4-2021.

Building a strong organisation

In Q3 the company onboarded crucial new resources within operations, sales and marketing and technical development, including 3 AUV crews. – Establishing a new company require successful recruitment of both young talent and experienced personnel willing and able to deliver high quality services globally, says Crantz. It is therefore very pleasing to see that Argeo proves to be an attractive employer with most of our onboarding in place for 2022.

Presentation and webcast

Argeo will host a presentation and a webcast to discuss the company’s Q3 results on Wednesday, 10th November 2021, at 10:00 CEST. There will be a Q&A session following the presentation.

To access the webcast please register on the following link: REGISTER

Argeo delivers strong financial results in the first quarter

Argeo delivers strong financial results in the first quarter

Argeo achieved record growth in revenue, with an increase of 288% YoY to USD 9.5 million and an EBITDA of 2.9 million, an increase of +415% YoY. Net profit was USD 2.0 million, an increase of 238% YoY. The remaining backlog for 2024 now totals USD 54 million, whereas...