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General Oceans reports strong Q2 growth, stock falls despite solid metrics

General Oceans increased revenue in Q2 by 22% to NOK 385m and adjusted EBITDA by 18% to NOK 85m; management confirmed the annual revenue target of NOK 1.5bn. The share fell about 4% to $20 as investors weighed strong demand from the defense segment against weakness in marine construction and irregular order intake. The company reports NOK 546m in cash (total liquidity NOK 871m), an improved robotics gross margin of 80% and is shifting focus to robotics and defense applications; broad market rollout of new sensors is expected in 2027. » More on de.investing.com