Argeo’s second quarter revenue increased by 173%

Aug 31, 2023 | News

Asker, 31.08.2023 – We have put another strong quarter behind us with a 173% revenue increase from NOK 9.3 million in Q2 2022 to NOK 25.4 million in Q2 2023, and a continuously growing orderbook says Argeo CEO Trond F. Crantz.

The revenue growth in Q2 2023 was driven by the deep-sea mineral surveys for the Polish Geological Institute – National Research Institute (PGI-NRI) and the Norwegian Petroleum Directorate (NPD), in addition to revenues created by the Hugin 6000 AUV which started commercial work on a long-term contract in September 2022.

– We are pleased with the strong revenue growth in Q2 2023, which continues to reflect the successful execution of our adjusted strategy, says Argeo CEO, Trond F. Crantz.



9401 QHSE Manager

9401 QHSE Manager

We are interested in finding someone who can contribute to the continued development of our management system, assist, support, and advise the organization in matters related to QHSE.