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    TECO   NO0010887516

TECO 2030 ASA

(TECO)
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Initiates equity research coverage

11/29/2021 | 02:41am EST

Lysaker, Norway, 29 November 2021: Norne Securities has initiated equity research coverage of TECO 2030 ASA (OSE: TECO).

The first report was released November 26th 2021 with the heading ‘First-mover in heavy-duty marine decarbonization’. 

Find more information here or in the attachement.

Contacts

  • Tore Enger, Chief Executive Officer (CEO) of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

About TECO 2030 ASA

TECO 2030 (OSE: TECO) accelerates the green transition in the maritime sector by delivering technology that helps ships to reduce their environmental and climate impacts. TECO 2030 is developing hydrogen fuel cells that enable ships and other heavy-duty applications to become emissions-free. The company is also developing other solutions that can help the maritime industry to reduce its emissions, such as exhaust gas cleaning and carbon capture systems for ships. TECO 2030 was founded in 2019 and is headquartered at Lysaker, Norway. The company is listed on Euronext Growth on Oslo Stock Exchange under TECO. TECO 2030 has its roots in the TECO Maritime Group, a group that has provided technology and repair services to the global shipping industry since 1994. For more information, please visit www.teco2030.no - http://www.teco2030.no.

Attachments

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2021 16,0 M 1,83 M 1,83 M
Net income 2021 -42,0 M -4,79 M -4,79 M
Net Debt 2021 86,0 M 9,82 M 9,82 M
P/E ratio 2021 -14,8x
Yield 2021 -
Capitalization 686 M 78,7 M 78,3 M
EV / Sales 2021 48,2x
EV / Sales 2022 1,52x
Nbr of Employees 23
Free-Float -
Chart TECO 2030 ASA
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Technical analysis trends TECO 2030 ASA
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 4,89 NOK
Average target price 10,00 NOK
Spread / Average Target 105%
EPS Revisions
Managers and Directors
Tore Enger Co-Chairman & Chief Executive Officer
Pål Christian Johnsen Chief Financial Officer
Sigurd Gaarder Lange Co-Chairman
Arild Eiken Chief Technology & Project Officer
Birgit Marie Liodden Director
Sector and Competitors