Published: 2021-12-09 08:35:00 CET
Nasdaq Nordic
Investor News

Nasdaq Stockholm Welcomes Norva24 Group to the Nasdaq Main Market

Stockholm, December 9, 2021 – Nasdaq (Nasdaq: NDAQ) announces that trading in Norva24 Group AB’s shares (short name NORVA) commences today on the Nasdaq Stockholm Main Market. The company belongs to the Consumer Discretionary segment and is the 194th company to be admitted to trading on Nasdaq’s Nordic markets* in 2021.

Norwegian Norva24 is the market leader within the fragmented Northern European Underground Infrastructure Maintenance (UIM) services market. The company aims to become the leading European operator and be a true inspiration to others in the UIM industry. Norva24 are well underway with this strategy and have taken several steps on this path during 2021.

They continue to operate through a route-based and decentralized branch model which has been key to our success. Norva24 has long-standing relationships with local SMEs and regional customers and is one of the few operators able to serve national and international customers.

Since our formation in 2015, Norva24 has grown from NOK 150 million in revenues to NOK 2.1 billion, strengthened its profitability, demonstrated strong M&A capabilities, carried out 32 acquisitions and has a large pipeline of potential acquisition targets,” said Henrik Damgaard, CEO of Norva24 Group. Our long-term vision is to become a lighthouse and the leading European operator in our industry – and an inspiration to the underground infrastructure maintenance market – a market that is non-cyclical and critical for society. We choose Nasdaq Stockholm as a venue for the listing due to our international profile, further we strongly believe that this listing and capital increase will enable us to take the next steps in our journey to fulfil our goals and long-term vision.”

“We are very proud to welcome Norwegian Norva24 Group to our Stockholm Main Market,” said Adam Kostyál, Head of European Listings at Nasdaq. “Them choosing us is a testament to our ability to attract Pan-European companies to our markets. We have experienced a solid inflow of foreign companies during recent years, choosing Nasdaq because of visibility support and investor access. We look forward to follow their journey as a Main Market listed company.”

*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

Nasdaq Media Contact

Rebecka Wulfing
+46 73 449 7122