Argeo Successfully Uplisted to Euronext Oslo Stock Exchange

Oct 24, 2024 | News

We are proud to announce that Argeo has been successfully uplisted to the Euronext Oslo Stock Exchange from Euronext Growth. This important achievement reflects the dedication and hard work we’ve invested in our journey of consistent growth.

“We are very pleased having completed the journey from a startup company on Euronext Growth to a fully operational global subsea company on Euronext Oslo Børs. This is a significant milestone in Argeo’s development and comes as a result of consistent growth and strong performance. This achievement reflects our commitment to delivering value to our market-leading customers through operational excellence combined with our unique and proven technology”, says Trond Figenschou Crantz, CEO of Argeo.

Caption: Trond Crantz, CEO of Argeo, rang the bell this morning to celebrate the transfer to Euronext Oslo Børs. The company was welcomed by Øivind Amundsen, CEO of Euronext Oslo Børs. (Photo: Thomas Brun | NTB)
Image: Euronext Oslo Børs

To our exceptional employees: Thank you for your relentless effort and for upholding our core values of being responsible, driven, and true transformers. Your contributions have enabled us to deliver strong performance and bring real value to our customers through our proven sensor technology.

We also wish to express our gratitude to our customers and partners, together, we have reached this milestone and look forward to an exciting future ahead.

Fourth-quarter and unaudited full-year 2024 results

Fourth-quarter and unaudited full-year 2024 results

Revenue for Q4 amounted to USD 5.4 million, marking an increase of 440% year-over-year (YoY). EBITDA amounted to USD -5.7 million, alongside an EBIT of USD -7.9 million. Net profit for the quarter was USD -8.5 million, improving from USD -9.4 million in Q4 2023....