Aquaculture equipment group Akva reported strong full-year financial year results as it doubled order intakes and signed significant contracts in 2019.

The group's earnings before interest, tax, depreciation and amortization (EBITDA) jumped 14 percent year-on-year to NOK 272 million (€24 million/$26.3 million).

This comes as Akva's order intake surpassed the NOK 4 billion (€355 million/$388 million) mark, almost double the intake the company reported in 2018.

Revenues also climbed 19 percent in 2019 to NOK 3 billion (€266 million/$291 million), as the company reported favorable results across its different divisions.