13/07/2018 06:00:22

Akastor ASA: Second Quarter and Half Year Results 2018

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Q2 Highlights

  • Revenue of NOK 873 million with growth of 25 percent from previous year (revenue of NOK 1 153 million inclusive AKOFS Offshore)

  • EBITDA from continuing operations of NOK 78 million (EBITDA of NOK 193 million inclusive AKOFS Offshore)

  • Order intake of NOK 4.6 billion

  • Signed definitive agreements to form joint venture of AKOFS Offshore with Mitsui & Co., Ltd. and Mitsui O.S.K. Lines, Ltd.

  • AKOFS Offshore entered into 5 years contract with Equinor for the AKOFS Seafarer vessel

  • Invested USD 75 million preferred equity in Odfjell Drilling

       

Media Contact

   

Leif Borge

Chief Financial Officer

Tel: +47 917 86 291

E-mail: leif.borge@akastor.com

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Akastor ASA - 2018 Q2 Presentation

Akastor ASA - 2018 Q2 Report


This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Akastor ASA via Globenewswire

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