The report, for the calendar year 2024, is enclosed to this announcement and can
also be downloaded from https://www.havgroup.no/resources 

"HAV Group's financial results were a mixed bag in 2024. However, we ended the
year on a high note through a solid fourth quarter and delivered on our guided
revenue growth. Further, a strong order intake throughout the year has created a
solid platform for growth in 2025. All in all, we are pleased with the
commercial progress and particularly the strong order intake that we secured
during 2024," says Gunnar Larsen, CEO of HAV Group. 

HAV Group's revenue was NOK 759.0 million in 2024 (2023: 617.1), with EBITDA of
NOK -35.1 million (9.1), and EBIT of NOK -51.5 million (-7.9). HAV Group's order
backlog stood at NOK 1.227 million at year-end 2024 (604).

INTEGRATED ANNUAL REPORT
Sustainability is an integral part of HAV Group's overall strategy. The business
is founded on providing shipowners with technologies, products, systems and
services that allow them to realise both the financial and environmental
benefits associated with energy efficient, low and zero emission shipping.

"We are proud to publish our first integrated annual and sustainability report
which details how sustainability is embedded in our business," adds Gunnar
Larsen. 

(ENDS)

For more information, please contact:
Gunnar Larsen, CEO
gunnar.larsen@havgroup.no
+47 901 05 694

About HAV Group | www.havgroup.no 
HAV Group and its subsidiaries (together: "HAV Group") is an international
provider of technology and services for maritime and marine industries. HAV
Group has several decades of industry experience, in addition to special
expertise in guiding the marine and maritime industries through the green shift
and towards the goal of zero emissions. HAV Group ASA is listed on Euronext
Growth under the ticker code HAV.