Norwegian equipment and technology group Akva saw full year earnings before interest, depreciation, taxes and amortization (EBIDTA) slip 10.6 percent to NOK 302 million (€29.9 million/$34.1 million) as cost inflation dented margins for some product lines.

Interim numbers do not include the cost of a cyberattack on the company in the opening quarter of 2021, which, when factored in, reduces EBITDA to NOK 252 million (€25.1 million/$26.6 million) and increases the overall EBIDTA decline to 25 percent.

Costs related to the incident are estimated NOK 49.7