Norwegian company Vow ASA has announced a reassessment of costs and margins, with NOK 35 million ($4 million) to be charged to its accounts in Q3 2023 due to inflation and higher costs in the supply chain for some projects. Despite this setback, the company has seen steady growth, with revenues for the first nine months of the year up 18.5% compared to the same period last year. Vow's order backlog stands at NOK 1.1 billion, and the company is actively bidding for major contracts in various industries.
Frequently Asked Questions - Vow ASA Q3 Trading Update
Q1: What is Vow ASA's Q3 trading update?
A1: Vow ASA's Q3 trading update refers to the financial report and performance update of Vow ASA for the third quarter of the fiscal year.
Q2: What is the impact of inflation on Vow ASA's Q3 trading update?
A2: The impact of inflation on Vow ASA's Q3 trading update is outlined in the news articles. It may include increased costs of raw materials, services, and other operational expenses.
Q3: How does increased supply chain costs affect Vow ASA's Q3 trading update?
A3: The increased supply chain costs mentioned in the news articles may have an impact on Vow ASA's financial performance and profitability for the third quarter.
Q4: Can you provide more details on Vow ASA's Q3 trading update?
A4: For detailed information on Vow ASA's Q3 trading update, please refer to the respective news articles provided in the search results.
Q5: Can I invest in Vow ASA based on the Q3 trading update?
A5: The decision to invest in Vow ASA should be based on comprehensive research and analysis of their financials, market conditions, and other relevant factors. It is advisable to consult with a financial advisor before making any investment decisions.