Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Tuesday, 13 February 2018

Akastor ASA: Fourth quarter and preliminary annual results 2017

Akastor ASA    

Published: 07:00 CET 13-02-2018 /GlobeNewswire /Source: Akastor ASA / : AKA /ISIN: NO0010215684

Akastor ASA: Fourth quarter and preliminary annual results 2017

 

Q4 HIGHLIGHTS

 

·        EBITDA of NOK 167 million with MHWirth delivering an EBITDA margin of 11%

·        Cash flows of NOK 127 million before financing activities

·        Net debt NOK 2.4  billion, including financial leases of NOK 1.5 billion

·        MoU signed with Mitsui for establishing AKOFS Offshore Joint Venture

·        Karl Erik Kjelstad appointed as Chief Executive Officer effective from January 1, 2018

 

 

 

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 - Q4 2017 Report
Akastor ASA - Q4 2017 Presentation



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Akastor ASA, P.O. Box 169, Lysaker N-1325, Norway
If you would like to unsubscribe and stop receiving these e-mails click here.