Tag: error

Oslo, 15 July 2025: Reference is made to the publication of Vow ASA’s (the "Company") (OSE ticker: VOW) Q1 2025 report published 28 May 2025 (the "Q1 Report"). The Company has identified a technical accounting error in the Q1 Report, resulting in an overstatement of NOK 16 million in the EBITDA reported for the period, primarily affecting the Industrial segment. In addition, the Company expects to record a one-off EBITDA charge in the H1/Q2 2025 accounts for an amount in the range of NOK 30-35 million. The one-off EBITDA charge is an accounting adjustment with no cash effect and related to technical reporting of progress of costs in projects.